Article archive

Majority of UK, US firms not ready for cyberattacks – study

09/02/2017 08:53
More studies are exposing the need for brokers to push cyber insurance products to clients and now new research from specialist insurer Hiscox now reveals that the majority of businesses in the UK, US and Germany are ill-prepared for cyberattacks.   The Hiscox Cyber...

Shipping industry vulnerable to cyber attacks and GPS jamming

06/02/2017 06:35
The shipping industry is increasingly at risk from cybersecurity attacks and a gap in insurance policies is leaving them vulnerable, industry experts have told CNBC. Cybersecurity has come into focus across the economy, as hackers become more capable. Meanwhile, ships are more reliant on a...

Report: Beazley breach insights - January 2017

27/01/2017 08:35
Ransomware attacks soar in 2016, projected to double again 2017. Ransomware attacks handled by Beazley more than quadrupled in 2016, with nearly half of these attacks in the healthcare sector, and Beazley projects these attacks will double again in 2017....

How to Improve Privacy as a Component of Your Cyber Governance Program

27/01/2017 08:27
Many businesses are looking to reap the benefits of digital transformation, evolving new services that provide value to and forge closer relationships with partners and customers.   Trust and responsible information management practices are becoming business differentiators as consumers become...

NIST Cybersecurity Guide for Small Businesses

27/01/2017 07:20
Recognizing that 60% of small businesses fail within six months of suffering a data breach, in November 2016, the National Institute of Standards and Technology (“NIST”) issued a cybersecurity guide for small businesses to help keep their sensitive data and computer systems secure, publishing...

Cyber Insurance: Coming of Age in 2017?

19/01/2017 10:53
2016 was definitely the year of cyber insurance emergence. As large-scale attacks and disclosures of massive data-breaches were reoccurring along the year, we realized once again that allocating tremendous efforts and resources to your cybersecurity defense does not provide any guarantee...

How much cyberinsurance is enough?

19/01/2017 04:37
How a top security manager feels about cyberinsurance often may have a lot to do with the type of company he or she works for. Take Jim Motes, vice president for information security at Kohler, the large privately-held global manufacturer best known for its plumbing and other home products based in...

A New In-Depth Analysis of Anthem Breach

18/01/2017 10:54
Seven state insurance commissioners, in a new report on their investigation into the massive cyberattack against health insurer Anthem Inc. in February 2015, offer a detailed account of what happened in the incident, which began with a phishing campaign. They conclude, as had...

Smart Shopping for Cyber Security Coverage: How to Avoid Huge Insurance Premiums

18/01/2017 07:54
FICO’s Doug Clare shares advice on what a company needs to do before applying for cyber insurance, to make sure they get the best rate.   With well-publicised security breaches driving news headlines on a daily basis, losses and fines growing in magnitude, and state actors involved in a wide...

Adding business value with cyber- insurance

17/01/2017 07:13
With more countries embarking on Smart Nation projects, the number of connected devices and volume of data will only increase. This means that cybercriminals now have an almost infinite number of (often poorly protected) channels to launch their attacks. Underscoring the severity of issue, the...
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