News

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...

Research: Majority of Credit Card Machines Are Easily Hackable

05/07/2015 16:15
Researchers at a private cybersecurity firm have discovered that a vast majority of credit card machines in various stores across the U.S., use the same password, making them easy targets for...

JLT and Marsh reveal the biggest cyber trends

30/06/2015 17:38
Two brokers discuss the main developments in cyber risk management and the threats to prepare for     New EU data protection regulation “is going to massively change” the cyber risk...

Insurers take on hackers by SHERRY SLATER

28/06/2015 23:13
Local companies opting for cyber insurance coverage Some security pros would argue that it’s less a question of whether your company’s confidential files will get hacked than it is a matter of...

Most UK companies not assessing suppliers for cyber risk, Marsh study finds

26/06/2015 07:05
Less than a third of UK businesses review their suppliers' exposure to cyber risk, according to a new study by insurance broker Marsh. In its UK cyber risk survey report for 2015, Marsh said...

Hacking the data secrets of Cyber Cover by Laura Scaife

24/06/2015 06:54
Cybercriminals use strategies to select their victims and are not always selective about who they target. Examples of commonly targeted entities include corporate bank accounts, which often lack the...

Advisen Announces 2015 Cyber Risk Award Winners

21/06/2015 18:24
NEW YORK— June 18, 2015 – ACE Group’s Toby Merrill, CFC Underwriting’s Graeme Newman and ACE Group’s Marcel Van Peenen were each named Cyber Risk Industry Person of the Year in the USA, London and...

With the Increase in Data Breaches (and Their Cost), Cyber Insurance Is a Must

20/06/2015 08:08
Although it has been available for a decade or so, the cyber liability market is still something of the “Wild West,” in the words of Stephen Raptis, a partner in the Washington, D.C., office of...

Experian Data Breach Readiness 2.0

17/06/2015 16:58
Experian Data Breach Readiness -  The Customer First Data Breach Response. A rapidly changing landscape means a radical rethink for UK businesses Over the last few years the data breach...

RIMS Cyber Survey 2015: 51% of members have stand-alone cyber insurance policies by Rosalie Donlon

14/06/2015 08:28
Top three first-party exposures for risk managers are reputational harm, business interruption, and data breach response and notification  Every day the reports of cyber attacks become...

Cyber attacks cost British industry £34bn a year by By Alan Tovey, Industry Editor

12/06/2015 11:24
As well as the multi-billion-pound price tag, the threat from hackers is holding business innovation back, a new report finds Defending Britain against cyber attacks and repairing the damage...

Personal data now prime target for cyber criminals

11/06/2015 08:47
(Reuters) — Whoever was behind the latest theft of personal data from U.S. government computers appears to be following a new trend set by cyber criminals: targeting increasingly valuable medical...

Oceanwide launches new cyber risk assessment tool

11/06/2015 08:45
Oceanwide, An Insurity Company, has released a new cyber risk assessment tool designed to help insurers identify and mitigate company-specific risks to data and privacy. The tool is designed to...

The Devil Is in the Details of Cyber by Roberta Anderson

08/06/2015 06:00
Summary: A major case, one of the first disputes under a cyber insurance policy that has resulted in litigation, shows why details matter so much. There’s a tempest amid the recent spring shower of...

Checking your vendors’ cyber-security practices by Jennifer Cummings

07/06/2015 21:23
A weak link in many financial advisers’ cybersecurity plans is the outside companies that help run their businesses, such as payroll companies and computer-repair firms. Advisers want to focus on...
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