Article archive

‘Significant growth opportunities across every segment’ for cyber insurance

06/09/2016 09:32
Brokers will continue to play a major role in the cyber insurance market, which offers “significant growth opportunities across every segment,” according to Lambros Lambrou, CEO of Aon Risk Solutions, Australia. Lambrou told Insurance Business that Aon has seen “exponential growth” in...

Breaches reported to ICO almost double

02/09/2016 11:28
Over 2,000 incidents reported to UK's data watchdog in last financial year, FoI request reveals, but onlookers say the number understates the real problem   The number of security breaches reported to the Information Commissioner's Office (ICO) almost doubled in 2015/16, an Freedom of...

Mitigating Cyber Risks With the Right Security Controls by Chris Moschovitis

01/09/2016 15:23
It is no secret that cyber security risks add complexities that often restrict the process of seamlessly carrying out business transactions.   Firms and institutions in a multitude of sectors need solutions that ensure confidentiality, availability, and integrity of sensitive data to avert...

Shock tactics - exploring the risk of cyber attacks on electricity networks

01/09/2016 14:06
Modern economic activity depends on a continuous supply of electricity, and any significant interruption to the supply has severe economic consequences. Governments around the world are, therefore, greatly concerned about the economic threat posed by a cyber-attack on such critical...

Report Chain Reaction: How Blockchain Technology Might Transform Wholesale Insurance

30/08/2016 12:03
DoMutual distributed ledger technologies – commonly known as blockchain – have the potential to transform the global insurance industry. Still, while there is no doubt that blockchain now looms large on the radar screens of financial services businesses, it’s also the case that many businesses are...

For Most Firms, IT Security Training Is Minimal At Best

30/08/2016 10:07
Despite the constant media attention to security breaches and data theft, few companies are investing heavily in IT security training.   That is the finding of a new study by Shred-It and Ipsos, which looked at information security training programs. The study found 78 percent of U.S. small...

This New Free Tool Assesses Cybersecurity Readiness for Small and Medium-Size Businesses

28/08/2016 13:36
    You can now take advantage of a simple and free tool that will help you determine how mature your company's cybersecurity operations are. You can now take advantage of a simple and free tool that will help you determine how mature your company's cybersecurity operations...

How to boost your cyber insurance business

27/08/2016 21:10
Brokers looking to develop their business in the cyber insurance market need to focus on educating themselves and clients as the insurance industry continues grapple with the booming cyber market. Kevin Kalinich, global cyber risk practice leader for Aon Risk Solutions told Insurance...

Fitch: U.S. Cyber Insurance Premiums Total $1B Per New Supplemental Filing

25/08/2016 09:42
Aggregating the cybersecurity statutory supplement data for the U.S. property/casualty (P/C) insurance industry finds that approximately 120 insurance groups reported writing cyber coverage in 2015 totaling approximately $1 billion in direct written premiums volume. Fitch analyzed cyber insurance...

Cost of a Breach: Forensics and Notification

20/08/2016 17:16
Continuing our Cost of a Breach series that examines and breaks down the cost of a hospital data breach, this week’s post will take a closer look at the first two steps a hospital or healthcare institution must take after a data breach has occurred: forensics and notification. In the aftermath of a...
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