News

Survey shows confidence in cyber insurance

01/09/2017 09:28
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...

83% of polled organizations had standalone cyber insurance policies: 2017 RIMS Cyber Survey

25/08/2017 15:29
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...

How high profile hacks are impacting insurance

23/08/2017 11:44
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...

Download the Report: Data Protection Risks & Regulations in the Global Economy

21/08/2017 15:42
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...

How insurance brokers remain relevant in the 21st century

09/08/2017 08:06
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: Ransomware attacks steal headlines, but accidental data breaches remain a major cause of loss

02/08/2017 07:42
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...

Beazley 2017 Breach Briefing Report

22/07/2017 16:36
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...

A Lloyd's emerging risk report: Cyber exposure decoded. Introducing two scenarios to help insurers quantify cyber-risk aggregation

19/07/2017 10:44
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 hack could cost 'millions', brokers say

10/07/2017 10:06
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...

Cyber insurance premiums grew 35% in 2016 -over $1.3 Billion!

06/07/2017 09:30
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...

Lloyd's Report : Closing the gap – insuring your business against evolving cyber threats

28/06/2017 13:14
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...

Global cyber attack latest: What we know so far as huge cyber attack spreads across world

28/06/2017 04:14
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...

Cyber insurance take-up surges by 35%

24/06/2017 09:21
A new Fitch Ratings report states that cyber insurance’s direct written volume for the property/casualty (P/C) industry grew by 35% last year to $1.35 billion (£1.06 billion). Fitch states that the...
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