News

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...

Research paper: Examining the costs and causes of cyber incidents

26/09/2016 05:33
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...

RAND Insurance Payout Study Hints at Smaller Average Data Breaches

26/09/2016 05:22
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 Cars’ Effect on Auto, Cyber Insurance

23/09/2016 05:32
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...

Lloyd’s Survey: Facing the Cyber Risk Challenge

20/09/2016 07:02
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...

54% of European CEOs are taking responsibility for cyber-security

20/09/2016 06:48
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...

Do You Know What Your Company’s Data Is Worth? by Dante Disparte and Daniel Wagner

17/09/2016 15:34
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...

Cybercrime and crisis insurance products to boom in coming years

14/09/2016 07:26
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....

There’s more to cyber than your clients might think – how can you sell it?

12/09/2016 17:01
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 to tackle cyber crime problems

09/09/2016 17:22
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...

How to get a more cost-effective cyber insurance policy

08/09/2016 14:04
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...

‘Significant growth opportunities across every segment’ for cyber insurance

06/09/2016 09:32
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...

Breaches reported to ICO almost double

02/09/2016 11:28
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...

Mitigating Cyber Risks With the Right Security Controls by Chris Moschovitis

01/09/2016 15:23
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...

Shock tactics - exploring the risk of cyber attacks on electricity networks

01/09/2016 14:06
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,...

Report Chain Reaction: How Blockchain Technology Might Transform Wholesale Insurance

30/08/2016 12:03
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...
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