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Netdiligence: 2015 Cyber Claims Study

30/09/2015 21:12

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 awareness about cyber risk within the risk manager community. For this study, we asked...

Kaspersky Labs :Damage Control: The Cost Of Securty Breaches

29/09/2015 06:17

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, and sometimes they struggle to discern direct financial damage from indirect expenses, also caused by...

Zurich Report : Risk Nexus Overcome by cyber risks? Economic benefits and costs of alternate cyber futures

27/09/2015 07:42

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. Unfortunately, these same developments have also significantly increased our vulnerability to external shocks...

Cyber crime costs global economy $445bn a year

26/09/2015 05:30

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 $20bn over a decade. © Shutterstock A report by Allianz Global Corporate &...

Symantec: Building Comprehensive Security Into Cars

25/09/2015 07:32

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’ many inroads into vehicles and keep cars—and people—safe. Over the past few years, automotive...

Beazley: Is your incident response plan up to scratch? by Matt Smith

25/09/2015 04:55

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 at Beazley, told Business Reporter ahead of next week’s R3 summit that firms...

Insurance and education should be weapons in fight against cyber-crime by Elliott Holley

24/09/2015 06:59

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 they don’t have the correct cover. The solution may be to mandate more data sharing and raise public...

Lloyd's of London insurers form cyber coverage consortium

24/09/2015 06:54

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 outside of the United States, Beazley announced Monday. The consortium, to be known as the...

UK businesses suffer 40% more targeted cyber attacks than rest of Europe by Neil Ford

22/09/2015 09:41

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 targeted cyber attacks than their continental counterparts. Attitudes to targeted cyber attacks,...

Why it is important to tap into the potential of cyber insurance

22/09/2015 06:25

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. The global cyber insurance market could grow to $5 billion in annual premiums by 2018 and at least...

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