Article archive

Cyber Security in Maritime Industry: A Comparative Study by Stefanos Spanos, Director, CTO & Lead Assessor of ISONIKE Ltd

16/01/2021 15:16
Cyber attacks make no favours. No industry is exempted! The growing utilization of advanced Information & Communication Technology (ICT) and Operational Technology (OT) onboard ships has taken -as expected- an exponential course. This is increasing...

Cyber Insurance Market Expected to Surge in 2021

25/12/2020 08:20
The global cyber insurance market is projected to grow by 21% next year, reaching $9.5bn in value, according to new research by insurance firm Finaria.it. This is as a result of greater recognition of the increasing cyber-threat landscape, exacerbated by the shift to remote working this...

Cyber: the case for increased rates

10/12/2020 07:59
Cyber-crime is proliferating, and cyber insurance is now an integral component of many companies’ risk management programmes. However, insuring against cyber risk presents multiple challenges for underwriters. Max Broodryk, AXA XL’s Product Leader-Cyber Risk, APAC, has the details. Working with...

Acronis Report : Cybersecurity trends of 2021, the year of extortion

07/12/2020 15:21
Acronis was the first company to implement complete integrated cyber protection to protect all data, applications and systems. Cyber protection requires researching and monitoring of threats, as well as abiding by the Five Vectors of Cyber Protection – safety, accessibility, privacy, authenticity,...

Coverware: Ransomware Demands continue to rise as Data Exfiltration becomes common, and Maze subdues

08/11/2020 11:04
The Coveware Quarterly Ransomware Report describes ransomware incident response trends during Q3 of 2020. Ransomware groups continue to leverage data exfiltration as a tactic, though trust that stolen data will be deleted is eroding as defaults become more frequent when exfiltrated data is...

How Cyberinsurance Is Responding to Ransomware: An Interview with Ken Suh, Mark Singer, and Marcello Antonucci

28/10/2020 12:39
Ransomware has long been a scourge, and it has been growing into a pandemic with no signs of slowing down. I recently had the opportunity to discuss ransomware with several experts at Beazley. Based in Chicago, Ken Suh is the focus group leader for cyber & tech claims at...

Coalition Cyber Insurance Claims Report H1 2020

15/09/2020 12:32
In the report you’ll find:  An analysis of claims data from Coalition policyholders that details which industries are impacted most by cyber incidents, how small business claims compare to larger organizations, and which events trigger the most loss.  A...

Report: Cybersecurity is being harmed by employee mistakes – and stress is key

23/07/2020 10:55
Employee mistakes are having a potentially dire impact on enterprise cybersecurity, with 43% of workers admitting to making an error that had a negative impact on corporate digital security. This is according to The Psychology of Human Error, a report published today by email security company...

Shore-Based Infrastructure & Prospect of Conflicts Top Cyber Concerns

23/07/2020 10:53
Vessels are becoming more connected to shore-based systems, meaning the cyber threat is ever-evolving - from crippling ports and terminals to spoofing attacks on ships. The shipping community has grown more alert to cyber risk over the past couple of years, in particular in the wake of the 2017...

Cyber insurance: Risks and trends 2020

27/05/2020 07:54
Review of 2019 Despite increased investment in cyber security, the risk from attacks has increased significantly in the last year. In the qualitative review, three cybercrime risks top the trend list: data theft, attacks using ransomware Trojans, and fraud with forged...
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