Article archive

EU GDPR: What businesses really need to know

09/07/2016 12:02
On 14th April 2016, the European Parliament voted to pass ‘The regulation on the protection of individuals with regard to the processing of personal data and the free movement of such data’ or, as it is more commonly known, EU General Data Protection Regulation (GDPR). Following the publishing of...

CRO Forum Concept Paper on a proposed categorisation methodology for cyber risk. Download the Report

05/07/2016 17:48
The continuing evolution of cyber risk  The increasing concern around cyber risk continues to dominate discussions in nearly all forums across industries and public sectors. This takes the form of discussions around data protection, network and system security, digital innovation and...

Do you know how much your company’s data is worth?

05/07/2016 15:28
Businesses know the data they hold on their networks is valuable, they just don’t know how valuable. Some have taken no action to determine the value of their data, as well. The information was released by security consultant firm IRM.   In its Risky Business Report, the company says 28...

Hacked university touts cyber insurance after $15,000 ransomware attack

04/07/2016 22:07
Cyber insurance didn’t keep the University of Calgary from recently paying roughly $15,000 after being hit by hackers, but a college official said other schools should consider buying coverage after seeing first-hand how costly a cyberattack can be. After school computers...

Everything Online Is Connected, Now There’s A Growing Need For Cyber Insurance

04/07/2016 22:03
Cyber insurance has been around for almost a decade, but only now is a popular safeguard against hackers. Almost every industry, from agriculture to healthcare, is using online data for its services. The so-called “Internet of Things” (IoT) — the network connectivity of everyday...

Is it the Internet of Things or Internet for People?

26/06/2016 09:56
MIT researcher and entrepreneur Kevin Ashton first coined the term “Internet of Things” (IoT) in 1999 while working at Auto-ID Labs. Ashton was referring to a global network of objects connected by radio-frequency identification (RFID). Nearly two decades later, perhaps it’s time to...

Data breach lawsuit highlights the need for due diligence in buying cyber insurance

26/06/2016 09:51
Well-known restaurant chain P. F. Chang’s China Bistro just sustained a significant hit to its cyber insurance coverage.  The federal court’s opinion serves as a lesson to policyholders regarding cyber insurance in a rapidly evolving market.  Due diligence is the name of the game when...

Hacked university touts cyber insurance after $15,000 ransomware attack

26/06/2016 09:48
Cyber insurance didn’t keep the University of Calgary from recently paying roughly $15,000 after being hit by hackers, but a college official said other schools should consider buying coverage after seeing first-hand how costly a cyberattack can be. After school computers...

The rise of cybercrime and the need for cyber ransom liability insurance

20/06/2016 08:35
With the growing frequency of cyberattacks, healthcare organizations are discovering the need for an extra layer of protection to cover the loss of funds incurred from a security breach. Over the last few years, the healthcare industry has had its consciousness raised over hacking and...

Cyber threats stir worries but no action when it comes to buying cover by Sarah Veysey

20/06/2016 08:33
HARROGATE, England — Cyber threats pose the biggest worries for members of U.K. risk management association Airmic Ltd., but less than half actually buy the coverage. Forty-six percent of the 150 risk managers surveyed cited cyber-related business interruption, and 44% said cyber risks resulting in...
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