... dam. If such a scenario were to occur it would likely cause significant downstream flood damages, resulting in ‘silent cyber’ losses for insurers. Silent cyber risk is the potential for cyber perils to ...
Generali launches a new Cyber Insurance function and a start-up company to address its customers’ concerns and needs in the area of cyber risk. The newly-created Cyber Insurance function will combine the ...
As cyber attacks increasingly threaten every aspect of business and grow in volume and scale, companies will be forced to take new measures to address cybersecurity risk holistically, integrating it more ...
XL Catlin has enhanced its Cyber & Technology insurance coverage with the introduction of CyberRiskConnect, a new policy form that addresses the rapidly expanding and ever evolving exposures of cyber & ...
The recent global ransomware attacks highlight the importance of robust information technology (IT) security in loan servicers' operational risk frameworks, Fitch Ratings says. Because servicers rely on ...
... cyber-attack on the worldwide information systems of TNT Express B.V. (“TNT”), the international express transportation, small-package ground delivery and freight transportation company FedEx acquired ...
... reducing the need to make costly route deviations.
Cyber Attack Threat Growing
The threat of cyber attacks continues to be significant. Most attacks to date have been aimed at breaching corporate security ...
Matthew Webb, Group Head of Cyber at specialist insurer Hiscox, comments on the ‘Petya’ ransomware attack:
“This incident is still evolving, but as is becoming increasingly clear, by its very nature ...
As a follow-on to specialized mission support testing in 2015, Lockheed Martin (NYSE: LMT) has contracted Guardtime Federal as a key supplier to integrate a variety of cyber-related elements into systems ...
Allianz Global Corporate & Specialty SE (AGCS) announced a change in its global cyber leadership team. Effective March 31, 2017, Emy R. Donavan will be promoted to Global Head of Cyber reporting to Bernard ...
Willis Towers Watson has introduced CyFly, an innovative and flexible insurance solution specifically tailored to cover cyber exposure affecting the airline industry. The recent Willis Towers Watson Industry ...
... prescription drugs and the declining rates of cyber security liability. Additionally, both outlooks address how potential changes to the ACA may affect the insurance industry overall.
What to expect ...
Hunton & Williams LLP has announced the formation of a Cyber and Physical Security Task Force to assist companies in minimizing the risks and consequences of a serious security incident. The task force ...
... almost 75% of losses, up 25%, and often driven by bad weather.
For more information and to download the full report in PDF format please visit: https://cyberpolicymagazine.com/images/pdf-downloads/AGCS%20Safety%20Shipping%20Review%202016%20Executive%20Summary.pdf ...
Increased digitization and interconnectivity have catapulted the risk of cyber threats as one of the top global perils of 2016 and beyond. To combat this risk, many companies will look to insurance as ...
In response to a 430-percent growth rate in Chubb's criminal-related cyber losses over the past five years, Chubb's Global Cyber Risk Practice has launched a service to assist policyholders wi ...
Increased digitization and interconnectivity have catapulted the risk of cyber threats as one of the top global perils of 2016 and beyond. To combat this risk, many companies will look to insurance as ...
IronPro, the professional liability unit of Ironshore Inc., is introducing a suite of enhanced risk management services for cyber policyholders. IronPro will provide eligible Ironshore Highly Protected ...
... by Resilient Systems, automates and orchestrates the many processes needed when dealing with cyber incidents – from breaches to lost devices. This enables clients to respond and mitigate cyber incidents ...
... demand for its ability to identify cybersecurity vulnerabilities and is on pace to far exceed that growth rate for 2016.
The SecurityScorecard proprietary SaaS platform helps enterprises gain operational ...
