Article archive

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,...

Data Security Requirements Under GDPR by Alexander Dittel

21/05/2016 07:49
Criminal liability of hackers and other online criminals has been part of UK law since the Computer Misuse Act 1990. At the global level, various jurisdictions have existing digital-crime related offences in one form or another. Notably, the Budapest Convention on Cybercrime signed in 2001,...

Cyber Insurance is about to become compulsory for all UK firms

20/05/2016 14:30
Cyber attacks are a case of when, not if, for most businesses.   Cyber Insurance and security is set to become a requirement for any UK firm that uses computers, networks and information technology, so basically all of them.   The new law is the...

Beware of Poorly Designed Cyber Insurance Policies that Can Leave Your Company Potentially Uninsured by Christine Marciano CIPP/US

19/05/2016 06:38
  Christine Marciano, CIPP/US Data Privacy/Cyber Risk Insurance Specialist Long gone are the days of bank robbers tunneling their way into bank vaults, stealing bundles of money and jewels. While these incidents still happen, they have become...

New Regulations Impact EMEA Cybersecurity Market in 2016, IHS Says

16/05/2016 16:15
As a result of Europe’s General Data Protection Regulation (GDPR) in 2016, revenue from encryption products and managed services will to grow most quickly  ENGLEWOOD, Colo. (May 11, 2016) – The cybersecurity product market in Europe, Middle East and Africa (EMEA) is expected to grow at a...

Getting to know the General Data Protection Regulation, Part 7 - Accountability Principles = More Paperwork by Brian Davidson

13/05/2016 07:34
Introduction Ever since the European Commission’s proposal for the GDPR back in January 2012, ‘Accountability’ has formed the backbone of the draft Regulation through its legislative journey. However let's be clear - the principle of Accountability (which essentially refers to the various...
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