News

Companies see personal data breach as biggest threat by Elise Viebeck

12/04/2015 19:49
The exposure of personal information is the most frightening cybersecurity threat to private companies, according to a survey released this week.  Executives and corporate counsel in...

Cyber-liability insurance: Understanding what you have and what you may need by Andrew Lustigman & Jeremy M. King

10/04/2015 20:10
Cyber-liability coverage cannot be addressed in a one-size-fits-all fashion In the growing technologically interdependent marketplace, any company that stores either its own data or data from...

Why is there a lack of capacity in the cyber market? by Jack Elliott-Frey

09/04/2015 18:48
At the moment, we would agree with AIG CEO Peter Hancock’s recent statement that cyber capacity is still lacking, due to the fact that there is a serious lack of concern across the majority of...

Insurance Chief: Cyber Attacks are most serious threat to UK Business by Jermaine Haughton

09/04/2015 08:05
Britain’s largest insurer has urged bosses to put safeguards against cyber attacks at the top of their priority lists, after a Russian hacker reportedly stole £650 million from banks around the...

Be aware of risks cyber attacks could have on your business, urges insurance expert by Darren Slade

07/04/2015 12:59
BUSINESSES need to become more aware of cyber security, according to an insurance specialist. Poole-based Alan & Thomas says any business, large or small, that uses computers is at risk of a...

IBM uncovers sophisticated bank transfer cyber scam

05/04/2015 07:57
(Reuters) — IBM has uncovered a sophisticated fraud scheme run by a well-funded Eastern European gang of cyber criminals that uses a combination of phishing, malware and phone calls that the...

30% Of Companies Would Pay Ransoms To Cybercriminals by Sara Peters

02/04/2015 23:09
Factor in under-reporting and the growing sophistication of ransomware -- like PacMan's social engineering scheme -- and the number might be higher.   If you're an organization that's been...

Analyzing Cyber Risk Coverage by Steve Raptis

02/04/2015 13:23
Unlike other types of insurance, there is no standard form on which the insurance industry as a whole underwrites cyber coverage. By: Steve Raptis | March 13, 2015 Many companies are now...

If cars don't need drivers, do drivers need insurance? by Nova Safo

02/04/2015 10:04
As driverless cars go from science fiction to fact, the multi-billion dollar auto-insurance industry is trying to figure out how not to be run off the road. Today, 90 percent of car crashes in the...

A Primer on Cyber Insurance by Kent McDill

02/04/2015 10:00
Legal firms, health care companies and financial services providers have been major purchasers of cyber insurance. All public and private businesses put themselves and their bottom line at risk for...

Cyber Essentials: Practicalities for brokers by Jack Elliott Frey

02/04/2015 09:57
The past month has been a busy one for insurance brokers operating in the cyber risk class, due to the launch of a joint initiative by the Government and the insurance sector to help cement the UK's...

Don’t buy insurance after the fire: Protecting your business against DDoS attacks by Terrence Gareau

29/03/2015 21:34
The threat of cyber-attacks has been brought to the attention of the public with the activity of cyber-criminals such as the Lizard Squad, which has used DDoS attacks to bring down the networks of...

Looking at Cyber Insurance From Every Angle by Safety National

28/03/2015 07:55
At the 2015 Advisen Casualty Insights conference, a panel discussed cyber insurance in the casualty insurance industry.  The panel consisted of Joe Cellura from Allied World, Ron Beiderman from...

CEOs have false perception of the extent of their cyber risk insurance cover, new report finds

25/03/2015 05:14
Many UK businesses mistakenly believe insurance products they have bought cover them against the cost of damage stemming from cyber attacks, according to a new report by the government and insurance...

Only 2 percent of large British firms have cyber insurance

24/03/2015 03:56
(Reuters) - Only 2 percent of large British firms have separate insurance against cyber attacks and the number dwindles to nearly zero for smaller firms, the government said in a report on...

Is the internet of things useful to marketers?

21/03/2015 17:58
The internet of things (IoT) describes a world where all ‘things’ (furniture, appliances, infrastructure, wildlife etc.) can be integrated into the internet.  The oft-cited example is a fridge...

Barbie can’t keep a secret: Toys cause privacy concerns By Todd M. Rowe

21/03/2015 04:15
In recent posts we have discussed the “Internet of Things” which is used to describe how physical objects around us are increasingly becoming wired to the internet. For example, our prior posts have...

Triggering the (Cyber Liability) Change in Europe by Carl Moore

20/03/2015 05:45
The cyber liability insurance market has gone through a rapid evolution in recent years. Today, there is a range of first-and third-party products on offer designed to meet a variety of clients’’...

VICTIMS OF DDOS ATTACKS FEAR REVENUE & REPUTATION LOSS by Joao Lima

18/03/2015 04:19
According to a survey by Kaspersky Lab and B2B International, the majority of companies believe that revenue and reputation losses are the most damaging consequences of a DDoS attack. This...

UK BUSINESSES NEED TO STEP UP TO REALITY OF DATA BREACHES by Eleanor Burns

18/03/2015 04:17
34% do not have a data breach response plan in place at all. A new Experian whitepaper has revealed just how prepared UK businesses are in the event of a data breach, with the findings indicating...
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