Article archive

EY Report : Cyber strategy for insurers

15/01/2017 21:57
Innovative, global technologies are disrupting the traditional infrastructure of the insurance industry. Mobile, digital, analytics and payment platforms are accelerating rapidly. The evolution is so pervasive that the C-suite is seeking new business models to enable a stronger customer-centric...

Insurance gaps leave shipping exposed to growing cyber threats

15/01/2017 08:40
Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global prices. Digitalization means electricity networks, emergency services, industry and...

Top 3 privacy predictions for 2017

15/01/2017 08:20
2016 left us with a “brand new” EU General Data Protection Regulation (GDPR). But as soon as 2016 came to an end, we – lawyers – started looking for what is coming next in the data protection world. Here my personal predictions on the privacy legal issues for 2017.   Companies need to get...

Article 29 Working Party issues guidance on data portability, DPOs and lead supervisory authorities

11/01/2017 07:49
In February 2016, as part of its action plan of activities for the implementation of the General Data Protection Regulation ("GDPR"), the Article 29 Working Party ("A29WP") promised to publish guidance on the operation of the GDPR's provisions regarding the requirement for controllers and...

£150,000 fine for insurance company that failed to keep customers’ information safe

10/01/2017 14:18
  The ICO has fined Royal & Sun Alliance Insurance PLC (RSA) £150,000 following the loss of the personal information of nearly 60,000 customers. An ICO investigation looked at the theft of a hard drive device containing 59,592 customers’ names, addresses and bank account...

Stroz Friedberg’s 2017 Cybersecurity Predictions Report

08/01/2017 22:28
Last year, we shared a graphical commentary detailing our top six predictions for 2016. This year, with cybersecurity firmly entrenched as one of the most consequential issues impacting international security, politics, economic stability, and transactional crime, an understanding of existing and...

Making UK directors personally liable for data privacy breaches

06/01/2017 18:53
Among the proposals for the U.K.’s new Digital Economy Bill  (the Bill), due to become law next spring, is one under which company directors would become personally liable for payment of fines as a result of nuisance calls being made by their companies. At a recent House of Commons...

UK SMEs will face a growing cyber threat in 2017

04/01/2017 14:32
Only 9 per cent of UK SMEs have insurance in place to protect from a cyber threat despite the fact that more than one quarter (28 per cent) said they would go bust if faced with an unexpected £50,000 bill, according to commercial insurer RSA. Yet the average cost of an attack is...

Trend Micro Report Forecasts Rise of Ransomware & Email Compromise Attacks in 2017

31/12/2016 19:32
A new Trend Micro report lists cybersecurity predictions in 2017 that will influence the movement of the threat landscape such as a rise in ransomware and email compromise attacks. The report titled “The Next Tier” predicts the number of new ransomware families will...

Cyber in '17: What insurance professionals should expect by Erin Ayers, Advisen

23/12/2016 19:29
2016 may well be the year that cybersecurity truly came to the attention of the world. Hacked emails, multiple massive data breaches, the proliferation of ransomware, and the grim specter of cyber espionage made it clear that the fight against cyber crime at every level will require expertise,...
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