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2015 Cyber Security and Data Privacy Survey: How prepared are you?

07/11/2015 19:19

When purchasing insurance, it goes without saying that most companies hope they never have to actually use it. Increasingly, however, many companies that purchase cyber and data privacy insurance are doing just that. Nearly half (44%) of the companies surveyed that have cyber and data...

Brokers could benefit from rising tide of cyber crime by Sian Barton

04/11/2015 07:45

Recent high profile hacks and data breaches remind businesses of the need for cyber insurance Cyber has been a buzzword in the insurance sector for a while. The recent hack of telecommunications business Talk Talk has only increased awareness in the insurance community and wider business...

A Market Is Born. Cyberinsurance doesn’t need a government backstop by Elli Lehrer

01/11/2015 15:50

In 1988, Robert Tappan Morris, then a graduate student at Cornell University, decided to write a computer program to measure the size of the still-nascent Internet. Morris’s effort, a cleverly written bit of code that exploited security weaknesses, quickly spread through the computer network,...

Marsh: Premium for cybercrime Insurance on the rise

30/10/2015 09:58

The cyber security insurance industry is seeing increased demand as more and more high profile cyber-attacks are embroiling companies in controversy and costing them millions of dollars. While take-up and liability limits continue to rise, as well as the kind of insurance products available,...

Symantec : What Every CISO Needs to Know About Cyber Insurance by Samir_Kapuria

25/10/2015 15:07

Decades ago, a group of merchants created a concept of general average—which is when all parties in a maritime venture share in losses resulting from a sacrifice of cargo in an emergency. What this group fashioned in 1890 was a method for merchants to insure their shipped goods. Upon...

Cyber Risk Insurance – Evolving, Complex

21/10/2015 16:18

Cyber Risk Insurance is a critical coverage for attorneys, and the American Bar Association has a Guide to Cyber Coverage (see here). While the Guide acknowledges the active market for Cyber Risk Insurance, that comprehensive coverage is available, and that coverage...

Cyber Security: What Insurance Brokers Need to Know

21/10/2015 14:44

For insurance brokers looking to stand out in the marketplace cyber security is a great opportunity. The global annual spend on Cyber Liability Insurance has tripled over the last three years, from £550m to an estimated £1.6bn this year. And with 90% of this spend based in the US, there is space...

2015 Information Security and Cyber Liability Risk Management

20/10/2015 07:45

Advisen wrote a white paper that presents the results of “The Fifth Annual Survey on the Current State of and Trends in Information Security and Cyber Liability Risk Management”. The free, 18-page paper is sponsored by Zurich. Managing Cyber Risk Risk professionals increasingly view cyber risks as...

Cyber Liability Insurance Market Trends: Survey

20/10/2015 07:41

Advisen and PartnerRe released a white paper which presents the results of a comprehensive market survey on trends that are shaping the cyber insurance marketplace. The survey is intended to give insurance providers and brokers additional insight into the demand and growth potential for data breach...

Cyber Insurance — A Much Needed Thing for Bitcoin Sector

18/10/2015 07:37

The number of hacking attacks on various companies, irrespective of their business have been on a rise across the world. The increasing frequency and the extent of such attacks have driven the costs of obtaining a cyber insurance cover upwards. The premium for such insurance policies vary from...

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