Article archive

RIMS Cyber Survey 2015: 51% of members have stand-alone cyber insurance policies by Rosalie Donlon

14/06/2015 08:28
Top three first-party exposures for risk managers are reputational harm, business interruption, and data breach response and notification  Every day the reports of cyber attacks become more alarming. According to a federal employee union, as reported by AP, on June 11 the recent...

Cyber attacks cost British industry £34bn a year by By Alan Tovey, Industry Editor

12/06/2015 11:24
As well as the multi-billion-pound price tag, the threat from hackers is holding business innovation back, a new report finds Defending Britain against cyber attacks and repairing the damage done by hackers who penetrate security systems costs businesses £34bn a year. The huge price tag...

Personal data now prime target for cyber criminals

11/06/2015 08:47
(Reuters) — Whoever was behind the latest theft of personal data from U.S. government computers appears to be following a new trend set by cyber criminals: targeting increasingly valuable medical records and personnel files. This data, experts say, is worth a lot more to cyber criminals than, say,...

Oceanwide launches new cyber risk assessment tool

11/06/2015 08:45
Oceanwide, An Insurity Company, has released a new cyber risk assessment tool designed to help insurers identify and mitigate company-specific risks to data and privacy. The tool is designed to allow insurance companies identify high-risk processes, policies, systems and third-party provider...

The Devil Is in the Details of Cyber by Roberta Anderson

08/06/2015 06:00
Summary: A major case, one of the first disputes under a cyber insurance policy that has resulted in litigation, shows why details matter so much. There’s a tempest amid the recent spring shower of cyber insurance cases. It isn’t the Recall Totalcase,[1] or the Travelers v. Federal...

Checking your vendors’ cyber-security practices by Jennifer Cummings

07/06/2015 21:23
A weak link in many financial advisers’ cybersecurity plans is the outside companies that help run their businesses, such as payroll companies and computer-repair firms. Advisers want to focus on delivering great service to customers, so vendors' cybersecurity practices are often not top of mind,...

Rise in UK Cybersecurity Incidents as Average Costs Soar by Mike Hine

04/06/2015 15:41
Almost three-quarters of small UK businesses, and 90% of large organizations, have experienced a security breach, roughly a 10% increase for both compared with the same time last year. This is one of the key findings from the 2015 Information Security Breaches Survey, commissioned by HM...

Our cars are becoming another device on the Internet of Things EDT Writer Adam Wernick Producer Alexa Lim

03/06/2015 23:00
In case you haven't noticed, cars are gradually transforming into computers on wheels. All the things we love about our devices have become more and more integrated into our driving experience: music streaming, Bluetooth connectivity, navigation, voice-recognition, performance metrics — the list...

Cyber insurance set to become the norm by 2025

01/06/2015 06:31
Category Data SecurityArticle date 30 May 2015 Cyber insurance is set to become an essential for many businesses over the next ten years, it has been forecast. Research unveiled by the Association of British Insurers (ABI) found that with many firms are vulnerable to cyber security...

Internet of hackable things: wired world wide open to new age of cyber crime by Mark White

24/05/2015 10:56
It sounds like the stuff of sci-fi nightmares – a stranger hacking your baby cam and shouting abuse at your toddler. Someone controlling your home's lights and power points via a system that should only respond to your smartphone. Criminals watching you and your family from your smart TV without...
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