News

Halting the brain drain: Can insurance protect its intellectual legacy? by John Mountford

13/08/2015 09:41
The insurance industry is built on the skill of its underwriters in assessing and pricing risk, but there are some indicators that suggest an aging workforce combined with a continuing lack of...

PwC report list cyber risk, interest rate, tax burden as major challenges facing insurance

12/08/2015 09:48
A report, Insurance Banana Skins 2015, a global study conducted by CSFI (Centre for the Study of Financial Innovation) in conjunction with PwC polled over 800 insurance practitioners and...

Locke Lord Privacy White Paper, 2015 Edition – “Everyone’s Nightmare: Privacy and Data Breach Risks” by Locke Lord Publications

12/08/2015 09:43
Locke Lord’s Privacy and Cybersecurity Group White Paper, “Everyone’s Nightmare: Privacy and Data Breach Risks” discusses legal and regulatory privacy, data security and breach notification...

How Absolut Vodka will use the Internet of Things to sell more than 'static pieces of glass' by Shona Ghosh

07/08/2015 10:37
Most FMCG companies sell 'dead products', in that once they're off the shelf, there's little more a brand can do to talk to a consumer. The Internet of Things promises to change this, signalling...

INTERNET OF THINGS AND CYBERSECURITY by Kevin L. LaRoche & Scott Widdowson

07/08/2015 10:33
Introduction The "Internet of Things" (IoT) is the developing web of objects embedded with microchips capable of allowing sending and receiving data, and so connecting them to the network we call the...

Fiat Chrysler Auto Recall Highlights Rising Fears About IoT Hacking

04/08/2015 21:34
NEWS ANALYSIS: The recall of 1.4 million Fiat Chrysler vehicles to update software to prevent a difficult-to-execute hack of onboard control systems highlights the rising fears about Internet of...

Cyber insurance market to hit US$10 billion by 2020, ABI Research suggests

03/08/2015 12:31
Risks will drive a US$10 billion cyber insurance market by 2020, suggests ABI Research, a London, United Kingdom-based technology market intelligence company with offices in North America, Europe and...

2015 Black Hat Attendee Survey

03/08/2015 06:25
2015: Time to Rethink Enterprise IT Security Executive Summary In 2015, enterprises will spend more than $71.1 billion on information security – more than they have ever spent before, according to...

CYBER INSURANCE IS GROWING IN AUSTRALIA

26/07/2015 17:07
AUSTRALIAN CYBER SECURITY CENTER HIGHLIGHTS THE RISE OF CYBER ATTACKS IN THE COUNTRY A growing number of companies in Australia are beginning to find solace in cyber insurance protection....

Law Firms See Insurance as Bulwark Against Data Breach

26/07/2015 17:04
David Johnson had just finished meeting with a cybersecurity consultant about beefing up the company’s protections when he learned the servers had been hacked. As general counsel of Global Cash...

Weekly Wrap: Insurance industry reacts to car hack by Lena Woods

24/07/2015 17:57
Industry reacts to car hack A leading cyber insurance expert has calmed fears following the cyber attack, reported on Insurance Business yesterday, that allows hackers to control a...

Cyber Blackout Could Cost Insurers $71 Billion, Lloyd’s Reports by Caroline McDonald

24/07/2015 17:54
A cyberattack targeting the U.S. power grid would have widespread economic implications, resulting in insurance claims of between $21.4 billion and $71.1 billion in a worst case scenario, according...

United hackers given million free flight miles By Chris Foxx

17/07/2015 13:40
    US airline United has rewarded two hackers who spotted security holes in its website with a million free flight miles each. The flight provider operates a "bug bounty" scheme that...

Cyber risk & aggregation - ‘the elephant in the room’ by Sarah Stephens, Head of Cyber, Technology and Media E&O, JLT Specialty

15/07/2015 13:33
We have reached a point where individuals and institutions are consistently reminded of the threats posed by cybercrime. The high profile breaches suffered by the likes of Target, Home Depot,...

Investors Put $4.6 Billion Into Cybersecurity Startups In The Last Two Years

15/07/2015 12:27
Q2'15 was strong for cybersecurity funding, with $704M invested across 47 deals. It was the highest quarterly funding total since Q2'14. Cybersecurity is increasingly a hot sector for investment,...

4 Insurance Takeaways From Lloyd's Cyberattack Report By Jeff Sistrunk

14/07/2015 09:26
Law360, Los Angeles (July 13, 2015, 8:31 PM ET) -- Insurance market Lloyd's of London recently co-wrote a report predicting that a major cyberattack on the East Coast could trigger $70 billion in...

The top 8 coverages businesses look for in cyber policies by Caitlin Bronson

13/07/2015 11:52
More than half of corporate risk managers in the United States are now purchasing stand-alone cyber insurance policies, according to a recent survey of RIMS members. A reported 51% of respondents,...

Germany passes strict cyber-security law to protect ‘critical infrastructure’

13/07/2015 11:49
In the wake of ever-increasing cyber-security threats, Germany has passed legislation ordering that over 2,000 essential service providers implement new minimum information security standards or face...

Insurer gives Internet of Things insight by Lena Woods

07/07/2015 09:14
AIG has released a report detailing the future of the ‘Internet of Things’ (IoT) and the insurance industry is set to play a key role in its development. The rise of IoT, or interconnected devices...

New Case Highlights Deep Hole in Cyber Insurance Policies by Dennis Cusack

07/07/2015 09:11
Insurance policies covering data breach liability began appearing roughly ten years ago. We noted then a troublesome provision in some forms that seemed to exclude coverage for the insured’s failure...
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