Article archive

Cyber liability insurance market: Equal parts promise and peril

01/01/2018 16:36
When it comes to cyber threats and how they continue to evolve, Adam Cottini, managing director of Gallagher’s Cyber Liability practice, offers a chilling assessment: “You have the known and the massive unknown.   The potential damages are at once serious and extensive: Physical loss....

Experts forecast cyber rate increases of up to 5% for 2018

14/12/2017 07:06
Despite a series of high-profile cyber breaches, Willis Towers Watson P.L.C. said Tuesday that experts forecast cyber insurance rate increases of up to 5% for 2018. The prediction was based on findings from Willis Towers Watson’s report 2018 Marketplace Realities Report: Cyber Risk, which also...

Cyber Handbook 2018: Perspectives on the next wave of cyber

14/12/2017 07:04
Over the last year, we have reached a new and important turning point in the struggle to manage cyber risk. In the war between cyber attackers and cyber defenders, we have reached what Winston Churchill might call “the end of the beginning.” Three characteristics mark this new phase. First, global...

The biggest threat to your cybersecurity is hiding in plain sight

12/12/2017 08:09
While organizations understandably make significant investments in technology to defend against external cyber threats, their biggest security vulnerability is internal and hiding in plain sight: their employees. Willis Towers Watson’s cyber insurance claims data show that two thirds of cyber...

SANS Cybersecurity Trends And Predictions For 2018

08/12/2017 14:07
There are four major factors in cyber security that change constantly, creating meaningful impact to business and government cybersecurity programs: Business trends and new technology adoption Advances in threats Regulations and compliance Improvements in cybersecurity defensive tools and...

If Santa Claus did not have a Data Protection Officer

05/12/2017 07:20
  Santa Claus had been the victim of a significant cyber-attack by hackers who do not love Christmas in order to control the naughty list he maintains with the reasoning for not sending the gifts.  The hackers went further by publishing the list on various websites, blackmailed Santa...

Ransomware, malware attacks to continue in 2018 as hackers advance to machine learning, analytics

01/12/2017 07:10
It's been a pretty scary year where cybercrime is concerned, with words like ransomware, malware and spyware becoming a part of our daily lexicon. Over 27,000 cyber security incidents were reported in the first half of the year alone-at least one cybercrime reported every 10 minutes-according to...

Cyber Insurance v GDPR - The Myths, the Maths and the Law

30/11/2017 07:09
We rarely switch on our computers without an email containing the latest guidance, opinions, dos and don'ts, risks, or the undeniable fact that the harsh penalties which are likely to flow from the GDPR from 25 May 2018 could be eye-watering. It is also true that during 2016, the purchase of cyber...

SMEs remain underprepared as cyber threat grows

26/11/2017 08:23
Small-medium sized enterprises (SMEs) remain particularly vulnerable to cyber attacks, with just half of SMEs surveyed by Argo Group having purchased protection despite the drastically rising threat of cyber crime. Nearly two-thirds of SMEs surveyed have already been victims of a cyber incident,...

Cyber coverage to grow fastest in retail and manufacturing industries

19/11/2017 10:49
The cyber insurance market has been forecast to reach almost $17 billion by 2023, growing over 20% CAGR between 2017-2023, according to P&S Market Research Global. The Banking Financial Services and Insurance (BFSI) sector has been the largest consumer of cyber insurance, as these companies are...
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