Article archive

Cyber Risk: Threat and opportunity - III Report

21/12/2015 17:02
Executive Summary • Interest in cyber insurance and risk has grown beyond expectations in 2014 and 2015 as a result of high profile data breaches, including a massive data breach at health insurer Anthem that exposed data on 78.8 million customers and employees and another at Premera Blue Cross...

Hack attacks and data law boost European cyber insurance demand by Noor Zainab Hussain &Carolyn Cohn

20/12/2015 21:25
New European legislation on data privacy is helping push up regional demand for cyber insurance, industry specialists say, after companies such as TalkTalk and Experian were affected by hackers earlier this year.   The European Union agreed this week to change fragmented data protection laws,...

EU Reaches Agreement On New Data Protection By Laws by James Drury-Smith, Paul Hansford, Antony Kim

17/12/2015 07:57
After nearly 4 years of negotiations, yesterday evening the EU reached agreement on the final provisions of its new data protection laws. With it, a new era of data protection has been ushered in that will have far reaching consequences for organisations both inside and outside of the EU. In...

Responding to a Security Breach: Is There Insurance for This? by Barbara Reeves

13/12/2015 10:58
It is an otherwise normal day until you, the general counsel, receive a call from the CIO: “We have a cyber-security breach. We’ve identified some unusual activity and it appears that data has been sent out through unknown IPO addresses. We don’t know all the details yet. At last month’s...

Free Ebook: Navigating the digital age

10/12/2015 05:53
No issue today has created more concern within corporate C-suites and boardrooms than cybersecurity risk. With the ability to shatter a company’s reputation with their customers and draw criticism from shareholders, lawsuits from affected parties, and attention from the media, the threat of cyber...

Cyber Liability Beyond Data Security and Privacy

09/12/2015 16:42
In a world of increased business automation, often the greatest cyber risk companies face is not data security. Rather, businesses that rely upon computers and software to manage their refineries and pipelines, power grids, and a wide range of manufacturing systems face enormous cyber risk should...

New EU Law makes companies report their breaches

09/12/2015 09:53
The EU's first cyber-security law has been decided upon by both the European Parliament and the governments of the EU. The law will require companies like to report their cyber-security  breaches or face the discipline of the EU. It sets out the reporting requirements in major sectors like...

Cyber Insurance, Insurance Companies & Solvency II by Nikos Georgopoulos, MBA, CyRM

03/12/2015 09:40
Data breaches and cyber security have struck new fear into the hearts of every insurance company because of the nature of the information they handle. As we have seen in the recent data breaches, the way a company handles a crisis plays an important role in whether the CEO and senior...

Cyber insurance: Why is the market still largely untapped?

03/12/2015 09:09
Cyber-insurance policies have been around for almost two decades, evolving from the very first third-party policy written by AIG’s Steve Haase in 1997, to a more customized and robust first-party market today. However, the market is still largely untapped. According to ABI Research, the...

Experts Predict Top Cyber Threats for 2016 Through 2020

02/12/2015 09:45
Businesses and organizations should expect cyber criminals to attack through wearable devices, employees’ home systems, cloud services and automobiles within the next year, according cyber experts at Intel’s McAfee Labs. By 2020, individuals could be receiving payment for sharing their personal...
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