As reports about cyber risk in the press and board agendas abound, companies are looking to manage that risk. Even with mitigation, risk always remains.
A cyber insurance program covering...
How Europe's General Data Protection Regulation (GDPR) impacts cyber insurance.
Beginning on May 25, 2018, the European General Data Protection Regulation (GDPR) will go into...
Businesses now have less than nine months to prepare for the EU General Data Protection Regulation (GDPR), which overhauls a data protection regime dating from 1995. The GDPR becomes effective across...
The hotel industry is considered one of the most vulnerable to data threats. According to Verizon’s 2016 Data Breach Investigations Report 1, the hotel industry accounts for one of the highest number...
Time Warner Cable, now known as Spectrum, became the latest company to realize exactly how vulnerable its data is when a third-party vendor entrusted with its safety made an error exposing millions...
By now you know that credit reporting agency Equifax was hacked, and with it, potentially 143 million Americans social security numbers, birth dates, and then some. Unless, according to the...
Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the...
The EU’s landmark General Data Protection Regulation (GDPR) has the potential to set a new gold standard for data protection – considerably improving protections for consumers in the EU and...
In the wake of WannaCry and other ransomware attacks, risk professionals view cyber extortion as the leading first-party exposure for their organisation.
That is one of the findings of the 2017 Rims...
Organizations with standalone cyber insurance policies increased three points from 2016 to 83%, according to the 2017 RIMS Cyber Survey.
“Risk professionals’ continued to show confidence in...
The impacts of high profile cybercrime incidents like WannaCry and Petya continue to ripple through the insurance industry and the wider economy. Not only have these massive hacks prompted an...
Experian Data Breach Resolution and Ponemon Institute Find Organizations Are Not Ready for Global Security Risks and Regulations
Only 9 percent of companies are prepared for the Global Data...
The workforce of the 21st century is priming itself for an automated future, and the consequences that follow: a shift toward strategic collaboration with intelligent software that will deeply...
Beazley, a pioneer in cyber and data breach response insurance, today released its Beazley Breach Insights findings based on its client data in the first six months of 2017.
Ransomware...
At Beazley, we see first-hand the impact of cyber breaches on organizations of all types and sizes. Our Beazley Breach Response (BBR) data breach insurance is backed by our dedicated in-house...
While digitisation is revolutionising business and daily life, it is also making the global economy more vulnerable to cyber-attacks. As the cyber threat grows so the demand for cyber insurance...
DLA Piper is still recovering from last week’s cyber attack, with insurance brokers saying that the resulting upheaval could lead to costs “in the millions”.
The firm, which...
A.M. Best reported that the top “cyber insurance writers have shifted away from writing packaged policies to standalone coverage by nearly a 70-30 split on the $1.3 billion of direct premiums written...
Over the past few decades the internet has enabled extraordinary innovation to take place, creating new business models, giving rise to world-changing companies and generating millions of jobs.
But...
A GLOBAL cyber attack has spread across the world, hitting computer systems everywhere from the UK and Russia to America and the Ukraine. Here is what we know so far.
British, Russian and Dutch...