News

Is it the Internet of Things or Internet for People?

26/06/2016 09:56
MIT researcher and entrepreneur Kevin Ashton first coined the term “Internet of Things” (IoT) in 1999 while working at Auto-ID Labs. Ashton was referring to a global network of objects...

Data breach lawsuit highlights the need for due diligence in buying cyber insurance

26/06/2016 09:51
Well-known restaurant chain P. F. Chang’s China Bistro just sustained a significant hit to its cyber insurance coverage.  The federal court’s opinion serves as a lesson to policyholders...

Hacked university touts cyber insurance after $15,000 ransomware attack

26/06/2016 09:48
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...

The rise of cybercrime and the need for cyber ransom liability insurance

20/06/2016 08:35
With the growing frequency of cyberattacks, healthcare organizations are discovering the need for an extra layer of protection to cover the loss of funds incurred from a security breach. Over the...

Cyber threats stir worries but no action when it comes to buying cover by Sarah Veysey

20/06/2016 08:33
HARROGATE, England — Cyber threats pose the biggest worries for members of U.K. risk management association Airmic Ltd., but less than half actually buy the coverage. Forty-six percent of the 150...

Lessons Learned From 11 Years of Cost of Data Breach Research BY LARRY PONEMON

18/06/2016 13:35
Today, I am pleased to announce the release of the 2016 Cost of Data Breach report in partnership with IBM Security. Every year, we report on the findings from our survey of organizations worldwide —...

2016: The Year of Cyber Insurance?

14/06/2016 07:34
It has been said that there are two types of companies in the world – those that have been hacked, and those that do not yet know they have been hacked. While perhaps an overstatement, it seems that...

Cyber insurance is changing the way we look at risk

14/06/2016 06:09
by Yoav Leitersdorf, Ofer Schreiber, Iren Reznikov. If, or more accurately, when your company is hit by a cyber attack, do you have what you need to recover? Do you know what kind of losses you can...

InfoSec 2016: EU GDPR - Don't panic, prioritise - and do the right thing for your customers

10/06/2016 06:44
Don't panic, prioritise and plan for EU GDPR - and if you do the right thing for your customer, the chances are you will be compliant and avoid potentially hefty fines for data breach. Don't...

Cyber security insurance can help protect business against Panama Papers-level data breaches

10/06/2016 06:36
In the wake of the release of the so-called Panama Papers, businesses have dreaded suffering from such data breaches that expose their most confidential information. Cyber security insurance,...

Airmic 2016: Understanding cyber risk landscapes

09/06/2016 06:12
Pre and post-incident loss testing is of paramount importance if companies wish to prepare for a cyber attack, and company boards should be more involved with cyber exposure prevention, according to...

InfoSec 2016: Mimecast says organisations unsure about cyber insurance

08/06/2016 14:43
Mimecast warns organisations relying on cyber insurance: your policies may not be fully up-to-date in covering new social engineering email attacks. Steven Malone, Mimecast Mimecast opened...

Cyber risk in the construction industry: Is your business protected?

03/06/2016 08:35
Design, engineering, and construction have a multitude of project risks. Most of these are identified, well-defined, and, hopefully, allocated to the party most capable of managing the risk. However...

Kaspersky Lab: Spam and phishing in Q1 2016

01/06/2016 15:26
Trending: dramatic increase in volume of malicious spam The first quarter of 2016 saw a dramatic increase in the number of unsolicited emails containing malicious attachments. Over the last two years...

90% of U.S. businesses experienced hacking incidents in the last year: HSB cyber study

01/06/2016 06:58
Nine out of ten businesses in the United States have experienced at least one hacking incident in the past year, according to a survey released on Tuesday by The Hartford Steam Boiler Inspection and...

Expect UK court disputes over whether general insurance cover applies to cyber incidents, says expert

01/06/2016 06:55
FOCUS: UK courts are likely to see an increasing number of disputes over the extent to which insurers are liable for the cost of cyber incidents and data breaches suffered by businesses where those...

Pervasive nature of cyber risk worries insurers

01/06/2016 06:52
Aggregation of exposures could cause problems as claims mount Insurers are keeping an eye on their risk aggregations when it comes to cyber coverage. Experts say underwriters are concerned about...

Cyber insurance rates moderate

01/06/2016 06:49
Expanding capacity, robust London market give buyers more options The cyber insurance market is generally buyer-friendly with competitive rates and plentiful capacity as new insurers enter the...

‘Every large firm to have cyber cover in three years,’ says Marsh leader

26/05/2016 22:41
As cyber incidents become more frequent and sophisticated, there is a greater need for firms to protect themselves against cybercrimes, according to Marsh. The global brokerage has predicted...

Can startups disrupt the $20 billion cyber insurance market?

24/05/2016 07:54
Over the past few years, cyber insurancemarkets have been growing at between 25-50 percent CAGR each year. According to The Betterley Report 2015, annual policy premiums are...
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