Article archive

Cyber insurance is only for retailers, right? Blog BT Policyholder Protection Blog

19/08/2015 21:29
News about cybersecurity and cyberattacks has changed. It seems that cyber criminals have broadened their focus beyond just data breaches involving personally identifiable information (PII) or protected health information (PHI). Now, a significant percentage of companies worldwide reportedly are...

Cyber attacks: is your bank insured? Kilpatrick Townsend & Stockton LLP

19/08/2015 21:26
State and federal banking regulators’ recent focus on cyber security and cyber insurance underscores the importance of procuring cyber insurance, both as a risk management tool and for purposes of demonstrating regulatory compliance. As such, it is imperative that financial institutions review...

The limits of insurance in managing hotel cyberrisk

15/08/2015 17:47
It doesn’t require too great a leap to imagine a scenario where hackers infect computers in electricity generator control rooms with malware, causing a number of states across the United States to lose power and affecting millions of people and numerous businesses. That’s precisely what Lloyd’s...

Marsh: Insurance in the fickle world of cyber security

13/08/2015 15:16
UK companies continue to face significant risks from cyber related crime and effects. In a bid to increase clarity on the kinds of risk, their insurability and the perspective of the industry, Marsh has worked together with the UK Government and insurance companies to create a picture of the...

'Inevitable' that insurance companies will lose personal data to cyber attacks, claims report By Graeme Burton

13/08/2015 14:16
Insurers across the UK and North America fear a cyber attack that could compromise the increasing volumes of personal data that they are keeping and processing in the cloud. Indeed, security has become one of insurers' biggest concerns, according to a report by consultants PwC. "The chief concern...

‘No emails, no phones, nothing’: How Saudi Aramco - the world's biggest oil company - survived a debilitating cyber attack by Stephen McBride

13/08/2015 13:07
An independent cyber security consultant has described how Saudi Aramco had to get by on typewriters and paper, after the August 2012 cyber-attack that disabled more than 30,000 of the company's workstations for almost two weeks. A cyber cabal calling itself "Cutting Sword of Justice" launched the...

IoT boom needs to be matched by security - report by Hannah Breeze

13/08/2015 09:58
The risk of security breaches is higher than ever thanks to the boom in the Internet of Things (IoT) market, according to an industry group, which has published a list of guidelines on how to keep IoT kit secure. The Online Trust Alliance (OTA) – whose members include Microsoft and Symantec – has...

Halting the brain drain: Can insurance protect its intellectual legacy? by John Mountford

13/08/2015 09:41
The insurance industry is built on the skill of its underwriters in assessing and pricing risk, but there are some indicators that suggest an aging workforce combined with a continuing lack of contract certainty could be creating future challenges. Steps should be taken now to record the...

PwC report list cyber risk, interest rate, tax burden as major challenges facing insurance

12/08/2015 09:48
A report, Insurance Banana Skins 2015, a global study conducted by CSFI (Centre for the Study of Financial Innovation) in conjunction with PwC polled over 800 insurance practitioners and industry observers in 54 countries, by PriceWaterHouse Coppers (PwC) that chart the top risks in...

Locke Lord Privacy White Paper, 2015 Edition – “Everyone’s Nightmare: Privacy and Data Breach Risks” by Locke Lord Publications

12/08/2015 09:43
Locke Lord’s Privacy and Cybersecurity Group White Paper, “Everyone’s Nightmare: Privacy and Data Breach Risks” discusses legal and regulatory privacy, data security and breach notification developments, exposures presented by data breaches, privacy issues arising out of new technologies, recent...
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