AUSTRALIAN CYBER SECURITY CENTER HIGHLIGHTS THE RISE OF CYBER ATTACKS IN THE COUNTRY
A growing number of companies in Australia are beginning to find solace in cyber insurance protection....
David Johnson had just finished meeting with a cybersecurity consultant about beefing up the company’s protections when he learned the servers had been hacked.
As general counsel of Global Cash...
Industry reacts to car hack
A leading cyber insurance expert has calmed fears following the cyber attack, reported on Insurance Business yesterday, that allows hackers to control a...
A cyberattack targeting the U.S. power grid would have widespread economic implications, resulting in insurance claims of between $21.4 billion and $71.1 billion in a worst case scenario, according...
US airline United has rewarded two hackers who spotted security holes in its website with a million free flight miles each.
The flight provider operates a "bug bounty" scheme that...
We have reached a point where individuals and institutions are consistently reminded of the threats posed by cybercrime. The high profile breaches suffered by the likes of Target, Home Depot,...
Q2'15 was strong for cybersecurity funding, with $704M invested across 47 deals. It was the highest quarterly funding total since Q2'14.
Cybersecurity is increasingly a hot sector for investment,...
Law360, Los Angeles (July 13, 2015, 8:31 PM ET) -- Insurance market Lloyd's of London recently co-wrote a report predicting that a major cyberattack on the East Coast could trigger $70 billion in...
More than half of corporate risk managers in the United States are now purchasing stand-alone cyber insurance policies, according to a recent survey of RIMS members.
A reported 51% of respondents,...
In the wake of ever-increasing cyber-security threats, Germany has passed legislation ordering that over 2,000 essential service providers implement new minimum information security standards or face...
AIG has released a report detailing the future of the ‘Internet of Things’ (IoT) and the insurance industry is set to play a key role in its development.
The rise of IoT, or interconnected devices...
Insurance policies covering data breach liability began appearing roughly ten years ago. We noted then a troublesome provision in some forms that seemed to exclude coverage for the insured’s failure...
Researchers at a private cybersecurity firm have discovered that a vast majority of credit card machines in various stores across the U.S., use the same password, making them easy targets for...
Two brokers discuss the main developments in cyber risk management and the threats to prepare for
New EU data protection regulation “is going to massively change” the cyber risk...
Local companies opting for cyber insurance coverage
Some security pros would argue that it’s less a question of whether your company’s confidential files will get hacked than it is a matter of...
Less than a third of UK businesses review their suppliers' exposure to cyber risk, according to a new study by insurance broker Marsh.
In its UK cyber risk survey report for 2015, Marsh said...
Cybercriminals use strategies to select their victims and are not always selective about who they target. Examples of commonly targeted entities include corporate bank accounts, which often lack the...
NEW YORK— June 18, 2015 – ACE Group’s Toby Merrill, CFC Underwriting’s Graeme Newman and ACE Group’s Marcel Van Peenen were each named Cyber Risk Industry Person of the Year in the USA, London and...
Although it has been available for a decade or so, the cyber liability market is still something of the “Wild West,” in the words of Stephen Raptis, a partner in the Washington, D.C., office of...
Experian Data Breach Readiness -
The Customer First Data Breach Response.
A rapidly changing landscape means a radical rethink for UK businesses
Over the last few years the data breach...