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Airmic 2016: Understanding cyber risk landscapes

09/06/2016 06:12

Pre and post-incident loss testing is of paramount importance if companies wish to prepare for a cyber attack, and company boards should be more involved with cyber exposure prevention, according to the Cybercrime Research institute. Director Dr Marco Gercke and his colleague Peter...

InfoSec 2016: Mimecast says organisations unsure about cyber insurance

08/06/2016 14:43

Mimecast warns organisations relying on cyber insurance: your policies may not be fully up-to-date in covering new social engineering email attacks. Steven Malone, Mimecast Mimecast opened InfoSecurity Europe 2016 with a stark warning to organisations relying on cyber insurance: your policies...

Cyber risk in the construction industry: Is your business protected?

03/06/2016 08:35

Design, engineering, and construction have a multitude of project risks. Most of these are identified, well-defined, and, hopefully, allocated to the party most capable of managing the risk. However cyber intrusion and its potential impact on your business – or your project owner's business – is...

Kaspersky Lab: Spam and phishing in Q1 2016

01/06/2016 15:26

Trending: dramatic increase in volume of malicious spam The first quarter of 2016 saw a dramatic increase in the number of unsolicited emails containing malicious attachments. Over the last two years the number of email antivirus detections on computers with a Kaspersky Lab product installed...

90% of U.S. businesses experienced hacking incidents in the last year: HSB cyber study

01/06/2016 06:58

Nine out of ten businesses in the United States have experienced at least one hacking incident in the past year, according to a survey released on Tuesday by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re. According to HSB, the number of attacks increased...

Expect UK court disputes over whether general insurance cover applies to cyber incidents, says expert

01/06/2016 06:55

FOCUS: UK courts are likely to see an increasing number of disputes over the extent to which insurers are liable for the cost of cyber incidents and data breaches suffered by businesses where those companies make claims under general insurance policies. A ruling in the US last month (8-page /...

Pervasive nature of cyber risk worries insurers

01/06/2016 06:52

Aggregation of exposures could cause problems as claims mount Insurers are keeping an eye on their risk aggregations when it comes to cyber coverage. Experts say underwriters are concerned about cyber risks that are embedded in lines aside from stand-alone cyber coverage, such as property, as well...

Cyber insurance rates moderate

01/06/2016 06:49

Expanding capacity, robust London market give buyers more options The cyber insurance market is generally buyer-friendly with competitive rates and plentiful capacity as new insurers enter the market. While companies in the retail, health care, financial and hospitality sectors, still are finding...

‘Every large firm to have cyber cover in three years,’ says Marsh leader

26/05/2016 22:41

As cyber incidents become more frequent and sophisticated, there is a greater need for firms to protect themselves against cybercrimes, according to Marsh. The global brokerage has predicted that in three years, every large company will have some kind of cyber insurance, according to...

Can startups disrupt the $20 billion cyber insurance market?

24/05/2016 07:54

Over the past few years, cyber insurancemarkets have been growing at between 25-50 percent CAGR each year. According to The Betterley Report 2015, annual policy premiums are approaching $2.75 billion. The ecosystem ofinsurance underwriters, intermediaries/brokers,...

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