News

Boards Push Insurers to Quantify Cyber Risks. But the insurance industry is in its infancy on cyber and is too focused on pushing products.

02/11/2016 07:22
  Galvanized by recent cyber attacks against corporations, boards of directors are pushing their companies’ risk managers as well as the insurance industry to quantify cyber risks. The push for...

2016 Survey of Cyber Insurance Market Trends

01/11/2016 06:12
Advisen and PartnerRe released a white paper featuring the results of a comprehensive survey of the evolution of the cyber insurance marketplace. The 2016 Survey of Cyber Insurance Market...

Lloyd’s announces 2016 Innovation Award winners

28/10/2016 13:30
Today Lloyd’s announced the winners of its 2016 Innovation Awards. Beazley, Cromar, Hiscox and Tokio Marine Kiln each picked up awards for innovative products or new ways of working.   Aon won...

Lloyd's Market Innovation Awards: 2016 winners

28/10/2016 12:34
The Awards are a celebration of the unrivalled talent and expertise that exists in the Lloyd’s Insurance Market, showcasing the excellent work the market is doing every day to innovate in an...

MARSH: Continental European Cyber Risk Survey: 2016 Report

24/10/2016 14:55
    Marsh has united its knowledge and expertise on cyber to launch the second edition of a Continental European-wide study into organizations’ attitudes towards the threat cyber risks...

How Hackers Make Money from DDoS Attacks

23/10/2016 22:11
Attacks like Friday’s are often financially motivated. Yesterday’s attack on the internet domain directory Dyn, which took major sites like Twitter and Paypal offline, was historic in...

Capgemini: blockchain-based smart contracts ‘mean big cost-savings’ for insurers and consumers

23/10/2016 09:30
The average consumer could save over $500 in insurance and banking fees because of new ‘smart contracts’ based on blockchain technology, says Capgemini. A report by Capgemini’s Digital Transformation...

Broker community remains “far behind” in cyber

22/10/2016 19:12
Global businesses spent more than $2 billion on cyber insurance in 2014 - an already impressive figure that could multiply by three to five times through 2020, according to estimates from insurance...

Lloyd's Market Innovation Awards Nominees

21/10/2016 06:19
  The Awards are a celebration of the unrivalled talent and expertise that exists in the Lloyd’s Insurance Market, showcasing the excellent work the market is doing every day to...

Report: 2016 Annual NetDiligence Cyber Claims Study

19/10/2016 11:02
The annual NetDiligence® Cyber Claims Study uses actual cyber liability insurance reported claims to illuminate the real costs of incidents from an insurer’s perspective. Our objective for this study...

Demand for cyber insurance on the rise, joint Swiss Re/ IBM study shows

16/10/2016 05:59
Following several high-profile cyber security breaches over recent years, a growing number of corporations perceive cyber as a high risk. Swiss Re therefore expects the demand for cyber insurance to...

Nothing seemed out of the ordinary by Nicholas Economidis

15/10/2016 10:15
Nothing seemed out of the ordinary The email looked familiar, and the request to transfer funds was a little out of the ordinary, but not that different from the normal course of business. ...

82% of global and IT business pros are concerned about GDPR compliance

14/10/2016 11:35
New global research from Dell reveals the lack of awareness among SMBs and large enterprises of the requirements of the EU's GDPR, going into effect in under two years   Eighty two percent of...

The danger within: internal risks increasing, claims new PwC report

12/10/2016 06:23
Amid a complex and constantly changing risk landscape, internal cyber attacks are an increasing threat that can damage a company’s profits and reputation, according to PwC’s ‘Global State of...

Preparing for GDPR

11/10/2016 06:26
As IT moves towards mobile and cloud-based services, data will get spread more widely across the organisation. This shift from central IT to more ‘edge computing’ represents a big challenge when it...

The Betterley Report:The annual volume of cyber risk premiums is around $3.25 billion, up about 18% from last year

09/10/2016 19:16
Annual premium volume information about the U.S. cyber-risk market is hard to come by, but in reviewing the market, we have concluded that the annual gross written premium may be as much as $3.25...

Cyber insurance – a necessary cost of modern business

09/10/2016 18:59
The Target hack was a consciousness-raising incident for C-level execs, making them realize that the total costs of an intrusion and data theft are much greater than a damaged reputation and...

Cybersecurity Preparedness and Response: A Middle Market Risk Management Perspective

09/10/2016 09:24
What is your company’s biggest vulnerability in terms of cyber risk?  How well prepared do you feel your company is to respond to a cyber-related crisis?  Does your company have a formal...

GDPR: Forced breach reporting will have bigger impact than fines

06/10/2016 10:38
Risk of losing customers will change attitudes faster than huge fines   The mandatory data breach reporting requirements in the General Data Protection Regulation (GDPR) are more likely to...

Cyberinsurance, a Lifesaver or a Headache? Why Not Both?

29/09/2016 06:08
An ALM CyberSecure panel explored the perils and possibilities that result from current cyberinsurance policies. Cybersecurity is a top concern for all organizations, and many are turning to...
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