Article archive

Insurers handling 'hundreds' of breach claims

23/12/2016 07:23
Insurance claims for data breaches are being made at a rate of more than one a day, figures from CFC Underwriting suggest. The firm said that in 2016 it had handled more than 400 claims on cyber-breach policies it had issued. The main types of attack being claimed for were privacy breaches and the...

Determining consequential damages from data breach ‘difficult to apply in practice:’ Willis Towers Watson

22/12/2016 13:41
A ‘significant percentage’ of data breaches involve a loss or compromise of data in the hands of third-party vendors, and many technology vendor agreements cap those vendors’ liability to fees paid and leave customers on the hook for consequential, incidental and indirect damages, suggests a recent...

Market Research Engine: Cyber Security Market Worth US$ 170 Billion by 2022

20/12/2016 11:49
New York, December 19: Market Research Engine has published a new report titled as “Cyber Security Market: Global Industry Analysis and Opportunity Assessment 2015 – 2022” The cyber security market is anticipated to value USD 172 billion at a healthy CAGR of 10% during the forecast period. Browse...

Quantifying Cyber Risks

16/12/2016 07:34
Galvanized by recent cyber attacks against corporations, boards of directors are pushing risk managers and the insurance industry to quantify cyber risks. The demand for better predictive data on computer breaches stems from directors’ desire for clarity on how to either self-fund or transfer...

If Santa Claus did not have Cyber ​​Insurance

15/12/2016 22:36
  Santa Claus had been the victim of a significant cyber-attack by hackers who do not love Christmas (the hacker group, led by Scrooge, is called skroutzonimus) in order to control the naughty list he maintains with the reasoning for not sending the gifts.    The hackers went...

SentinelOne Survey Reveals Security Vendors are Under Pressure to Offer Cyber Guarantees

14/12/2016 04:12
PALO ALTO, CA--(Marketwired - Dec 13, 2016) - SentinelOne, the company transforming endpoint security by delivering real time protection powered by machine learning and dynamic behavior analysis, today announced the findings of a nationwide survey on enterprise sentiment towards the IT...

Officers and Directors Spared Home Depot Data Breach Derivative Lawsuit

11/12/2016 08:43
Officers and directors may breathe a temporary sigh of relief following the recent dismissal of the Home Depot data breach derivative case. Others will look to the facts for guidance. The complaint alleging the board had breached its fiduciary duties by “knowingly and in conscious...

Report: Ten Key Questions on Cyber Risk and Cyber Risk Insurance.

08/12/2016 13:10
The report provides an overview of the main research topics in cyber risk and cyber risk insurance and is intended as a ‘primer’ on this emerging and dynamic field. It provides an overview of the main areas of research and the key studies conducted in the field to date and makes some initial...

Cyber Risk Awareness Rises for SMEs

08/12/2016 12:38
An increasing number of small- and medium-sized enterprises (SMEs) are realizing that no company is too small be victimized by hackers, according to a recent report.   Just 10 percent of SMEs surveyed this year thought their businesses were too insignificant to be targeted by hackers. The...

Cyber insurance market set to reach $14 billion

07/12/2016 06:24
Cyber Insurance Market by Company Size (Very small companies ($2.5 Million to $99Million), Small-sized companies ($100 Million to $299 Million), Medium-sized companies ($300 Million to $1 Million), and Large companies ($1.1 Billion and Above)), and Industry Vertical (Healthcare, Retail, BFSI,...
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