Article archive

Cyber Liability Beyond Data Security and Privacy

09/12/2015 16:42
In a world of increased business automation, often the greatest cyber risk companies face is not data security. Rather, businesses that rely upon computers and software to manage their refineries and pipelines, power grids, and a wide range of manufacturing systems face enormous cyber risk should...

New EU Law makes companies report their breaches

09/12/2015 09:53
The EU's first cyber-security law has been decided upon by both the European Parliament and the governments of the EU. The law will require companies like to report their cyber-security  breaches or face the discipline of the EU. It sets out the reporting requirements in major sectors like...

Cyber Insurance, Insurance Companies & Solvency II by Nikos Georgopoulos, MBA, CyRM

03/12/2015 09:40
Data breaches and cyber security have struck new fear into the hearts of every insurance company because of the nature of the information they handle. As we have seen in the recent data breaches, the way a company handles a crisis plays an important role in whether the CEO and senior...

Cyber insurance: Why is the market still largely untapped?

03/12/2015 09:09
Cyber-insurance policies have been around for almost two decades, evolving from the very first third-party policy written by AIG’s Steve Haase in 1997, to a more customized and robust first-party market today. However, the market is still largely untapped. According to ABI Research, the...

Experts Predict Top Cyber Threats for 2016 Through 2020

02/12/2015 09:45
Businesses and organizations should expect cyber criminals to attack through wearable devices, employees’ home systems, cloud services and automobiles within the next year, according cyber experts at Intel’s McAfee Labs. By 2020, individuals could be receiving payment for sharing their personal...

Corporate Governance in the Age of Cyber Risks

02/12/2015 07:28
Corporate boardrooms are waking up to the encroaching, systemic threat of cybersecurity risks. But while awareness is growing — more than 80% of boards now discuss cybersecurity at most, if not all, of their meetings — many directors simply are not sure if they have the information and tools at...

Advisen Loss Insight: Europe’s cyber and privacy landscape by Erin Ayers

29/11/2015 09:18
The European Union’s Court of Justice decision prompts a look at how the privacy and cyber risk landscape has progressed outside of the United States. Cyber incidents in Europe began to spike in 2009 and rose gradually over the next five years, although laws in Europe have less of an emphasis on...

Large rate increases for cyber insurance in Q3

29/11/2015 08:28
Cyber insurance stood out in Q3 as the only line of insurance with consistent, large rate increases, averaging more then 15 percent in the US, according to Marsh’s latest global insurance market quarterly briefing. The average cyber insurance limits purchased exceeded the $20 million level for the...

2015 Retail & eCommerce Security Report

25/11/2015 21:55
Over the last several years, large-scale attacks targeting customer credit card information at retailers have made media headlines1 . In some cases, these attacks used third party vendors as a point of entry2 into name brand retailers.    Customers have not been pleased. Technology...

How cyber insurance actually works

24/11/2015 20:46
A couple of weeks ago El Reg carried an article by Mark Pesce about the likely evolution of Cyber Insurance. Reg reader and insurance industry veteran Tom Whipp agreed with most of his sentiments, but wasn’t so keen on his conclusions and demanded his stint on...
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