In 2013, the US President signed an executive order designed to help secure the nation’s critical infrastructure from cyberattacks.
As part of that order, he directed the National Institute for...
While one annual industry report puts the cost of the average cyber-incident at $1 million, an analysis of insurance data puts damages much lower—at about $200,000.
Companies that spend little on...
Autonomous vehicles are expected to shake up the property/casualty market, as personal auto insurance premiums drop and cyber insurance steps in.
As drivers look forward to a future of...
The Lloyd’s survey examines the attitudes of European business leaders towards cyber risk.
These days almost every business, regardless of size or location, relies on digital technology. While it...
More than half (54 %) of CEOs in European companies are taking responsibility for cyber-security as it is now considered to be an executive responsibility.
New research from Lloyds of...
Accurately measuring enterprise value (EV) has never been more important or challenging. Even more so because firms are confronted by growing volumes of data, and the stakes implied in...
Insurance against a range of risks in the political risk and crisis management space are set to boom in the coming years, after a period of lacklustre profitability growth within the market....
Cyber insurance has traditionally been associated with hacks and data-loss, but with the pace of technological change in today’s world, this definition is fast-becoming outdated.
“There’s a...
Greek businesses are increasingly looking to insure themselves against cyber attacks such as data breaches and ransom attacks, a new report has found.
Timetric’s report, Reinsurance in Greece, Key...
The steps to take if you want cost effective insurance coverage
A security practitioner who isn't worried about a breach is a rare find in the industry. Even if you are taking all the right steps...
Brokers will continue to play a major role in the cyber insurance market, which offers “significant growth opportunities across every segment,” according to Lambros Lambrou, CEO of Aon Risk...
Over 2,000 incidents reported to UK's data watchdog in last financial year, FoI request reveals, but onlookers say the number understates the real problem
The number of security breaches...
It is no secret that cyber security risks add complexities that often restrict the process of seamlessly carrying out business transactions.
Firms and institutions in a multitude of sectors...
Modern economic activity depends on a continuous supply of electricity, and any significant interruption to the supply has severe economic consequences. Governments around the world are, therefore,...
DoMutual distributed ledger technologies – commonly known as blockchain – have the potential to transform the global insurance industry. Still, while there is no doubt that blockchain now looms large...
Despite the constant media attention to security breaches and data theft, few companies are investing heavily in IT security training.
That is the finding of a new study by Shred-It and Ipsos,...
You can now take advantage of a simple and free tool that will help you determine how mature your company's cybersecurity operations are.
You can now take advantage of a simple...
Brokers looking to develop their business in the cyber insurance market need to focus on educating themselves and clients as the insurance industry continues grapple with the booming cyber...
Aggregating the cybersecurity statutory supplement data for the U.S. property/casualty (P/C) insurance industry finds that approximately 120 insurance groups reported writing cyber coverage in 2015...
Continuing our Cost of a Breach series that examines and breaks down the cost of a hospital data breach, this week’s post will take a closer look at the first two steps a hospital or healthcare...