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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 -
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...
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...
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...
(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, 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...
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...
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...
Almost three-quarters of small UK businesses, and 90% of large organizations, have experienced a security breach, roughly a 10% increase for both compared with the same time last year. This is one of...
In case you haven't noticed, cars are gradually transforming into computers on wheels.
All the things we love about our devices have become more and more integrated into our driving experience: music...