In this issue of CFO Insights, we focus on seven costs that are not so apparent and why it is important to include them in calculating the total cost of a...
Cyber insurance is a fast-developing business in America, but because the segment is still relatively new, insurers are having trouble determining exactly what type of risks they are willing to...
The global cybersecurity market is set to grow from US$122.45 billion in 2016 to US$202.36 billion by 2021 at a compound annual growth rate (CAGR) of 10.6%, according to a recent report from Research...
More than half, 51 percent, of captive professional have experienced a cyber attack within the last five years, it was revealed during a cyber panel at the Vermont Captive Insurance Association...
It is time to start planning for the new General Data Protection Regulation (GDPR), which is due to be implemented into national law by 2018. Truro lawyer, Kirsty McAuley of the corporate and...
Every business is, almost by definition, unique. Each faces its own specific risks, including information security risks.
Nevertheless, we have found 13 common principles at the heart of any...
As cyber security has become an ever-more prominent issue, businesses have started to realise that, in the modern business landscape, cyber insurance is a necessity rather than an optional...
The most talked-about exposure in today’s emerging risk landscape is cyber liability – but according to Richard Robin, it’s been on NAS Insurance’s radar for almost two decades.
“We’ve been playing...
Recent news stories focus on cyber attacks against large corporations, but about 30 percent of the victims of cyber crime are small businesses according to a report by...
Hackers are training their sights increasingly on smaller financial institutions and their valuable client financial data. That does not mean that other businesses are no longer...
In the race to compete in today’s digital world, organizations are using social, mobile, big data and analytics, and the Internet of Things (IoT) to gather as much information on their customers as...
The growing threat of hacking and a duty to protect data more stringently will accelerate demand for cyber insurance in Europe, insurer Allianz said on Wednesday, as it launched its first product...
Whether you are a public or private organisation you need to consider whether you are required to appoint a Data Protection Officer (DPO) or whether compliance with the EU General Data Protection...
Cyber insurance may be a booming business thanks to the high-profile breaches, but the market for such policies is a complicated, say experts from SANS Institute, Advisen and PivotPoint.
Assessing...
New regulations set to be introduced in Europe will boost demand for cyber insurance, and insurers which have already been operating in this space on the other side of the Atlantic look best placed...
On 14th April 2016, the European Parliament voted to pass ‘The regulation on the protection of individuals with regard to the processing of personal data and the free movement of such data’ or, as...
The continuing evolution of cyber risk
The increasing concern around cyber risk continues to dominate discussions in nearly all forums across industries and public sectors. This takes the form...
Businesses know the data they hold on their networks is valuable, they just don’t know how valuable. Some have taken no action to determine the value of their data, as well. The information was...
Cyber insurance didn’t keep the University of Calgary from recently paying roughly $15,000 after being hit by hackers, but a college official said other schools should consider buying coverage after...
Cyber insurance has been around for almost a decade, but only now is a popular safeguard against hackers.
Almost every industry, from agriculture to healthcare, is using online data...