
Cyber insurance has huge potential but the cyber insurance market remains frustratingly immature and is not keeping pace with threats and technology. Whereas many businesses have property insurance,...
The International Monetary Fund--or IMF--says average annual potential losses from cyber-attacks could be close to 9% of banks’ net income globally, or around $100B. In a severe scenario...
Specialist insurance provider behind BIBA’s cyber insurance scheme, CFC, will be launching its new BIBA Cyber Guide at BIBA 2018.
While one of the most talked about topics in business insurance,...
Cyber risk often touches companies in unexpected ways. In May 2017, an engineering firm learned this when it lost access every last piece of data it held. This included all of the firm’s technical...
It’s no wonder when you bring two massive technology shifts together experts in each area rush to weigh in at the intersection.
Akshay Sharma, Principal Analyst for the boutique advisory firm...
Today’s cyber risks come in all shapes and sizes, from disclosure of protected information due to hacking or employee negligence, through network shutdown or impairment, regulatory violations, and...
The potential financial impact of the General data Protection Regulation (GDPR) has generated concern across organizations globally. It is important for you to be aware of how the insurability of...
I first got involved in cyber liability insurance back in 2011. An underwriter contacted me for some advice around a new ‘cyber’ thing that they were planning to launch and had seen me speak at a...
Boards are facing the challenge of having to innovate to keep up with evolving digital technology and ensuring their firms are resilient to new cyber threats.
There has been a lot of...
The spending is shifting more toward data security and IT systems. Equifax carries $125 million in cybersecurity insurance with a $7.5 million deductable.
Equifax's first quarter earnings report...
Μost carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a new global survey of specialist...
The last 40 years have seen a transformation in where value lies for most organizations. In 1975, more than 80 percent of the market cap of the S&P 500 was derived from physical assets and...
The EU General Data Protection Regulation (GDPR), which is due to come into force in May 2018, will affect every organization that uses the data of European citizens. In this article, Stephen Cameron...
When it comes to handling the European Union's General Data Protection Regulation (GDPR), there are two vastly different schools of thought. Some shrug off GDPR and assume that it doesn't apply to...
PHILADELPHIA, April 5, 2018 /PRNewswire/ -- NetDiligence®, a leading provider of cyber risk readiness and response services, announced today it has published Spotlight Healthcare, data-driven...
According to new report published by Grand View Research, the global cyber security market is expected to reach USD 205.51 billion by 2024. Implementation of advanced level of cyber security can...
Countless people have chosen to quit Facebook over the years, but last week’s mass exodus felt more significant. “I’m going to pull my photos and delete by the end of the week for good,” wrote one...
Justice Minister Katarina Barley said the Cambridge Analytica scandal bombarded users with hate speech. Facebook CEO Mark Zuckerberg has been called to answer questions in the UK's criminal probe...
When Facebook co-founder Mark Zuckerberg posted a status update Wednesday on the still-unfolding Cambridge Analytica scandal, he called it an “issue,” a “mistake” and a “breach of trust.” But he...
This article provides a description of some of the critical provisions of the New York Department of Financial Services’ Cybersecurity Requirements for Financial Services Companies and the National...