
NEWS ANALYSIS: The recall of 1.4 million Fiat Chrysler vehicles to update software to prevent a difficult-to-execute hack of onboard control systems highlights the rising fears about Internet of...
Risks will drive a US$10 billion cyber insurance market by 2020, suggests ABI Research, a London, United Kingdom-based technology market intelligence company with offices in North America, Europe and...
2015: Time to Rethink Enterprise IT Security Executive Summary In 2015, enterprises will spend more than $71.1 billion on information security – more than they have ever spent before, according to...
AUSTRALIAN CYBER SECURITY CENTER HIGHLIGHTS THE RISE OF CYBER ATTACKS IN THE COUNTRY
A growing number of companies in Australia are beginning to find solace in cyber insurance protection....
David Johnson had just finished meeting with a cybersecurity consultant about beefing up the company’s protections when he learned the servers had been hacked.
As general counsel of Global Cash...
Industry reacts to car hack
A leading cyber insurance expert has calmed fears following the cyber attack, reported on Insurance Business yesterday, that allows hackers to control a...
A cyberattack targeting the U.S. power grid would have widespread economic implications, resulting in insurance claims of between $21.4 billion and $71.1 billion in a worst case scenario, according...
US airline United has rewarded two hackers who spotted security holes in its website with a million free flight miles each.
The flight provider operates a "bug bounty" scheme that...
We have reached a point where individuals and institutions are consistently reminded of the threats posed by cybercrime. The high profile breaches suffered by the likes of Target, Home Depot,...
Q2'15 was strong for cybersecurity funding, with $704M invested across 47 deals. It was the highest quarterly funding total since Q2'14.
Cybersecurity is increasingly a hot sector for investment,...
Law360, Los Angeles (July 13, 2015, 8:31 PM ET) -- Insurance market Lloyd's of London recently co-wrote a report predicting that a major cyberattack on the East Coast could trigger $70 billion in...
More than half of corporate risk managers in the United States are now purchasing stand-alone cyber insurance policies, according to a recent survey of RIMS members.
A reported 51% of respondents,...
In the wake of ever-increasing cyber-security threats, Germany has passed legislation ordering that over 2,000 essential service providers implement new minimum information security standards or face...
AIG has released a report detailing the future of the ‘Internet of Things’ (IoT) and the insurance industry is set to play a key role in its development.
The rise of IoT, or interconnected devices...
Insurance policies covering data breach liability began appearing roughly ten years ago. We noted then a troublesome provision in some forms that seemed to exclude coverage for the insured’s failure...