Article archive

Insurer gives Internet of Things insight by Lena Woods

07/07/2015 09:14
AIG has released a report detailing the future of the ‘Internet of Things’ (IoT) and the insurance industry is set to play a key role in its development. The rise of IoT, or interconnected devices that use data about us to make our lives easier, was called “the start of another industrial...

New Case Highlights Deep Hole in Cyber Insurance Policies by Dennis Cusack

07/07/2015 09:11
Insurance policies covering data breach liability began appearing roughly ten years ago. We noted then a troublesome provision in some forms that seemed to exclude coverage for the insured’s failure to maintain data security – in other words, the very risk the insured was seeking to insure. We’ll...

Research: Majority of Credit Card Machines Are Easily Hackable

05/07/2015 16:15
Researchers at a private cybersecurity firm have discovered that a vast majority of credit card machines in various stores across the U.S., use the same password, making them easy targets for cybercriminals and hackers looking to steal credit card information. 90% of all credit card readers used at...

JLT and Marsh reveal the biggest cyber trends

30/06/2015 17:38
Two brokers discuss the main developments in cyber risk management and the threats to prepare for     New EU data protection regulation “is going to massively change” the cyber risk landscape – JLT The forthcoming EU data protection regulation will significantly change the risk...

Insurers take on hackers by SHERRY SLATER

28/06/2015 23:13
Local companies opting for cyber insurance coverage Some security pros would argue that it’s less a question of whether your company’s confidential files will get hacked than it is a matter of when. If it seems as though no one is safe, 4.2 million active and former federal workers would agree...

Most UK companies not assessing suppliers for cyber risk, Marsh study finds

26/06/2015 07:05
Less than a third of UK businesses review their suppliers' exposure to cyber risk, according to a new study by insurance broker Marsh. In its UK cyber risk survey report for 2015, Marsh said that 69.4% of businesses it had surveyed said they "do not assess the suppliers and/or customers they...

Hacking the data secrets of Cyber Cover by Laura Scaife

24/06/2015 06:54
Cybercriminals use strategies to select their victims and are not always selective about who they target. Examples of commonly targeted entities include corporate bank accounts, which often lack the added layer of security available within personal accounts. A UK Government survey estimated that in...

Advisen Announces 2015 Cyber Risk Award Winners

21/06/2015 18:24
NEW YORK— June 18, 2015 – ACE Group’s Toby Merrill, CFC Underwriting’s Graeme Newman and ACE Group’s Marcel Van Peenen were each named Cyber Risk Industry Person of the Year in the USA, London and International markets respectively at the P&C industry’s second annual Cyber Risk Awards presented...

With the Increase in Data Breaches (and Their Cost), Cyber Insurance Is a Must

20/06/2015 08:08
Although it has been available for a decade or so, the cyber liability market is still something of the “Wild West,” in the words of Stephen Raptis, a partner in the Washington, D.C., office of Manatt, Phelps & Phillips LLP. Policy language is rarely standardized and premiums and coverage...

Experian Data Breach Readiness 2.0

17/06/2015 16:58
Experian Data Breach Readiness -  The Customer First Data Breach Response. A rapidly changing landscape means a radical rethink for UK businesses Over the last few years the data breach landscape has changed beyond recognition. More than four in ten British consumers (42%) have been affected...
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