News

Cyber insurance premiums rocket after high-profile attacks

12/10/2015 15:38
BOSTON (Reuters) - A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived...

Cyberinsurance: Buyer Beware: 10 Tips For Upping Recovery Odds From Cyber And D&O Policies by David E. Wood and Joshua Gold

11/10/2015 15:42
While the risks posed by data breaches are by now widely recognized, effective management of the risk is lagging. Statistics indicate that concern about data breaches is up, yet half of all...

The Morning Download: Amazon Puts Muscle Behind Nascent Internet of Things by Steve Rosenbush

11/10/2015 15:37
Good morning. Amazon.com IncAMZN +1.25%. has jumped into the Internet of Things, which falls into the category of good ideas whose time hasn’t quite come. The company’s Amazon Web...

Warren Buffett enters the cybersecurity insurance market

08/10/2015 06:39
Insurance giant Warren Buffett is entering one of the most lucrative spaces in the industry. Buffett’s Berkshire Hathaway Specialty Insurance unveiled on Tuesday two new insurance policies...

Retailers Most Vulnerable to Cyber Breaches at Point-of-Sale By Stephanie K. Jones

07/10/2015 13:38
In justifying a reluctance to purchase cyber insurance coverage for data breaches, many retailers insist they don’t store credit card information after a sale. But experts say the...

Europe's Highest Court Invalidates EU - U.S. Safe Harbor Data Sharing Agreement

07/10/2015 07:25
Today the European Court of Justice — Europe’s highest court — invalidated the Safe Harbor agreement and framework that has permitted more than 4,000 companies to transfer personal data from the...

Demand for cyber risk insurance market on the rise

06/10/2015 20:05
According to a new report from Timetric, the cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an...

Unlocking the potential of the Internet of Things

02/10/2015 09:22
The Internet of Things—sensors and actuators connected by networks to computing systems—has received enormous attention over the past five years. A new McKinsey Global Institute report, The...

Experian Data Breach Resolution releases its Annual 2015-2016 Data Breach Response Guide

01/10/2015 20:22
A Ponemon Institute study sponsored by Experian Data Breach Resolution found that a majority of businesses surveyed had a data breach response plan in place, but many were not confident in...

CEO and Data Breach Management by Nikos Georgopoulos

01/10/2015 12:16
Data breaches and cyber security have struck new fear into the hearts of every company because of the nature of the information they handle. As we have seen in the recent data breaches, the way...

Netdiligence: 2015 Cyber Claims Study

30/09/2015 21:12
The fifth 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 goal is to raise...

Kaspersky Labs :Damage Control: The Cost Of Securty Breaches

29/09/2015 06:17
It’s not an easy task to estimate how much a business will lose as a result of a security breach. Figuring out a typical loss is even more complicated. Businesses are cautious of sharing such data,...

Zurich Report : Risk Nexus Overcome by cyber risks? Economic benefits and costs of alternate cyber futures

27/09/2015 07:42
The globalization of value chains, increased financial integration, rapid urbanization, and the Internet’s ubiquity have all accelerated worldwide economic growth over the past few decades....

Cyber crime costs global economy $445bn a year

26/09/2015 05:30
Global losses from cyber crime have been estimated at $445bn (£291bn) a year, according to an insurer. AGCS predicted premiums for cyber insurance would grow from $2bn to more than...

Symantec: Building Comprehensive Security Into Cars

25/09/2015 07:32
Recently, threats to cars have escalated from the realm of possibility to harrowing reality. Symantec is working with automakers, chipmakers, and other forward-thinking companies to block hackers’...

Beazley: Is your incident response plan up to scratch? by Matt Smith

25/09/2015 04:55
Organisations that believe they have incident response plans could be at risk because the documents have not been put together properly or updated regularly. Sandra Cole, UK breach response manager...

Insurance and education should be weapons in fight against cyber-crime by Elliott Holley

24/09/2015 06:59
The majority of businesses do not have cyber security insurance, with many not even aware such protection exists – and even those that do have insurance in place may find themselves at a loss if...

Lloyd's of London insurers form cyber coverage consortium

24/09/2015 06:54
  Beazley P.L.C., Aspen Insurance Holdings Ltd., and Brit Global Specialty have launched a consortium to underwrite cyber data breach coverage at Lloyd's of London for businesses domiciled...

UK businesses suffer 40% more targeted cyber attacks than rest of Europe by Neil Ford

22/09/2015 09:41
New research from Quocirca and Trend Micro into “the preparedness of European organisations to deal with the aftermath of targeted attacks” has found that UK businesses suffer 40% more...

Why it is important to tap into the potential of cyber insurance

22/09/2015 06:25
Businesses are beginning to recognize the importance of protection against cyber attacks Cyber insurance is a potentially huge—but largely untapped—opportunity for insurers and reinsurers globally....
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