
The fifth annual NetDiligence® Cyber Claims Study uses actual cyber liability insurance reported claims to illuminate the real costs of incidents from an insurer’s perspective. Our goal is to raise...
It’s not an easy task to estimate how much a business will lose as a result of a security breach. Figuring out a typical loss is even more complicated. Businesses are cautious of sharing such data,...
The globalization of value chains, increased financial integration, rapid urbanization, and the Internet’s ubiquity have all accelerated worldwide economic growth over the past few decades....
Global losses from cyber crime have been estimated at $445bn (£291bn) a year, according to an insurer.
AGCS predicted premiums for cyber insurance would grow from $2bn to more than...
Recently, threats to cars have escalated from the realm of possibility to harrowing reality. Symantec is working with automakers, chipmakers, and other forward-thinking companies to block hackers’...
Organisations that believe they have incident response plans could be at risk because the documents have not been put together properly or updated regularly.
Sandra Cole, UK breach response manager...
The majority of businesses do not have cyber security insurance, with many not even aware such protection exists – and even those that do have insurance in place may find themselves at a loss if...
Beazley P.L.C., Aspen Insurance Holdings Ltd., and Brit Global Specialty have launched a consortium to underwrite cyber data breach coverage at Lloyd's of London for businesses domiciled...
New research from Quocirca and Trend Micro into “the preparedness of European organisations to deal with the aftermath of targeted attacks” has found that UK businesses suffer 40% more...
Businesses are beginning to recognize the importance of protection against cyber attacks
Cyber insurance is a potentially huge—but largely untapped—opportunity for insurers and reinsurers globally....
L'Oreal is exploring the idea of smart make-up and conducting internal development work on the Internet of Things.
The technology could allow the beauty company to give connectivity to "dumb"...
Cyber risks and cyberinsurance are hot topics in almost every industry. However, many companies do not have cyberinsurance yet and often don’t know where to start or how to evaluate...
Last year, Wyndham Worldwide Corp. was successfully sued by the Federal Trade Commission for three major data breaches the company had suffered in the past three years. The basis? Wyndham Worldwide...
SMEs are increasingly at risk from cyber criminals and brokers are at the forefront of advising and protecting clients from online attacks.
Whether it is customers' personal details, credit card...
LONDON: The cyber insurance market will triple in size to US$7.5 billion in annual premiums by 2020 and the insurance industry could face competition from disruptors such as Google if it does...