Cyber Security & Data Privacy
Articles
Library: Swiss Re – Modernising cyber underwriting to turn risk into resilience?
Executive summary In Vegas, there are no sure bets. The global cyber insurance industry, however, comes close when you’re talking about expansion and growth. According to Markets...
Library: Swiss Re – Cyber insurance: strengthening resilience for the digital transformation
Executive summary Cyber risks are on the rise The world of today is one of increasing geopolitical and economic instability. This has many drivers, most prominently the war in ...
Cyber security – Implications for the insurance industry
Hybrid Cyber Insurance ticks all the InsurTech boxes
Cyber crime is changing insurers’ approach to risk management The thing about cyber insurance is that it’s a new and totally unpredictable risk. And it’s a risk that cant...
Cyber insurance: An opportunity to lead in a growing market
Cyber attacks are on the rise. Hackers are increasingly looking to take advantage of security vulnerabilities to steal valuable customer data, including financial details and ...
Cybersecurity in the Insurance Call Center: They Can’t Hack What You Don’t Hold
We all know that the U.S. has a number of different data privacy regulations, like HIPPA and the Social Security Number Protection Act. But, did you know that there is no ...
Arceo.ai Launches to provide Insurance Carriers Cyber Resilience Solutions
Arceo.ai enables insurance carriers to automate and enhance their cyber insurance solutions, while simultaneously increasing the security of their enterprise clients through ...
Chubb Boosts Cyber Risk Underwriting with CyberCube Analytics Software
Chubb is partnering with a San-Francisco based cyber risk analytics vendor called CyberCube to boost its Cyber Risk Underwriting.
Capgemini & Efma: World Insurance Report 2019
Article Synopsis : Policyholders are ever more concerned that their insurance cover isn’t enough to protect against emerging risks, such as those posed by cyber attack or ...
Cisco, Apple, Aon, Allianz introduce a first in cyber risk management
Allianz, Cisco, Apple and Aon have together launched a cyber risk management solution for organizations to better manage and protect themselves from cyber risk associated wit...
Capgemini: Reinventing cybersecurity with artificial intelligence
Article Synopsis : Artificial intelligence (AI) is being applied to all kinds of services and processes in order to improve productivity, sales or customer experience. An area of...
Cyber Crime, Liability Insurance & Cyber Security-SnoopWall & Zon Re
Article Synopsis : According to the World Bank cyber crime will outpace drug crime reaching $600B in damages this year. Accordingly the Cyber Liability Insurance market is ...
Cyber insurance for enterprises: Deloitte
Article Synopsis : The growing number of cyber attacks experienced against organisations has rendered cyber insurance an imperative, according to this Deloitte paper. Benefits ...
Cyber Insurance Recent Advances, Good Practices & Challenges-ENISA
Article Synopsis : Cyber insurance was created to address risks not reasonably mitigated by security measures. In comparison with other insurance sectors, cyber insurance appears...
CISCO: The evolution of industrial cybersecurity and cyber risk
Article Synopsis : Businesses face increasing cybersecurity threats and breaches, but organisations have begun to realise that security must be part of the broader cyber risk ...
Cyber Predictions in 2019
Article Synopsis : One of the biggest growth areas in the tech sector in 2018 was cyber. Not only security, but the number of attacks, including many high profile ones. 2018 was ...
Cyber Risk Management – Response and Recovery
Article Synopsis : ‘Cyber Risk Management, Response and Recovery’ from Marsh & McLennan, in partnership with WomenCorporateDirectors (WCD), presents the most up-to-date ...
Digi.me – Enabling users to share their own data with businesses
With the increasing proliferation of data generated from connected devices, several startups are scrambling to develop platforms that allow consumers to access, manage, and s...
Cyber Risks That Hide In Plain Sight
Article Synopsis : Predictions for the aggregate global cost of cybercrime vary, but the numbers are huge. Correspondingly, the amounts companies are expected to spend to protect...
Cybersecurity and Data Privacy 2019 OUTLOOK
Article Synopsis : Some of the biggest and most complex legal questions and business risks faced by multinationals in 2018 concerned cybersecurity and data privacy. That is not a...
Data privacy: Growing expectations – and risk – for financial institutions
Article Synopsis : Governments are talking tough on consumers’ data privacy and financial institutions (FIs) should not wait for the final regs to know how to behave but should...
FMA: Strategic risk outlook 2019
Article Synopsis : New Zealand’s regulator, the Financial Markets Authority, has issued its strategic risk outlook for 2019. The report says that general insurance penetration ...
Fortifying Insurers Defences in Era of Cyberrisk – BCG Whitepaper
Article Synopsis : Managing cyberrisk is crucial for all large corporations worldwide, particularly so for insurers. Insurers must treat cyberrisk in much the same way that ...
Leveraging GDPR to Become a Trusted Data Steward
Article Synopsis : Data-driven transformation is hitting a previously hidden obstacle: a growing fear of data misuse. The EUs response to these concerns is embodied in the new ...
Large-Scale Cyber-Attacks on the Financial System
Article Synopsis : The complexity of the financial services industry, interconnectedness of individual players, and introduction of new and innovative technologies heighten the ...
XL Catlin and RedSeal Launch Cyber Insurance Industry’s First Dynamic Measure of Resilience to Gauge Risk, Improve Cybersecurity and Insu...
XL Catlin and RedSeal (network modeling and risk scoring platform) launched cyber insurance industry’s first dynamic measure of resilience which will help measure risk,...
Library: AXA – The challenges of cyber risk insurance
Executive summary: The digital transformation of our economies creates many opportunities but also generates ubiquitous cyber risks. Already in 2017, the OECD considered the ...
Library: Deloitte – Overcoming challenges to cyber insurance growth
September 2020 featured report: Cyber insurance has been held up as an area of innovation and major growth, but the reality hasn’t lived up to the hype, says Overcoming ...
Zuroovi – Cyber Insurance for small businesses
Zuroovi is one of the first platforms to focus on a relatively new niche within insurtech – cyber insurance. Specifically, Zuroovi enables small businesses to obtain cy...
Library: Fitch Ratings – Sharply Rising Cyber Insurance Claims Signal Further Risk Challenges
Executive summary : Property/Casualty (P/C) insurers that write cyber coverage face increasing profit pressure, as underwriters reported substantially higher segment claims losses ...
Library: Guidewire – Hiding in Plain Sight: Towards Now-Gen Cyber Risk
September 2021 featured report: This is a fascinating report into the quality and quantity of data that is required by cyber underwriting. The style is refreshingly informal, ...
Library: Hiscox – Cyber Readiness Report 2020
July 2020 featured report: Cyber risk is one of the biggest issues facing businesses these days. One finding of the 2020 Hiscox report into cyber risk readiness is that there has ...
Library: Insurance Thought Leadership – Cyber risk and insurance in 2022
Executive summary: The pandemic has created new cyber vulnerabilities, heightened existing risk factors and accelerated the pace at which cybercriminals wreaked havoc on even the ...
Library: SwissRe – Cyber Resilience – A vital concept in today’s world
Executive summary : Cyber risks have been an important topic for quite some time. But the COVID-19 pandemic and Russia’s invasion of Ukraine have made them even more ...
Marsh – Digital shift has broadened the cyber-attack surface
Executive summary : Whilst managing crisis it is essential to keep sight of the risks on the horizon in order to build resilience. With this in mind, the COVID-19 pandemic has ...
McKinsey: Cybersecurity – Linchpin of the digital enterprise
Executive summary Two consistent and related themes in enterprise technology have emerged in recent years, both involving rapid and dramatic change. One is the rise of the ...
ORF: Towards a Cyber-Security Roadmap for Digital Payments- Best Practices and Recommendations
Article Synopsis : The Indian government’s desire to create a US $1-trillion digital economy by 2025 is going to take some doing. To be fair, India processed some 20.7 billion ...
Staying on the right side of consumer privacy line – KPMG Report
Article Synopsis : Companies know more about their customers than ever before. As digital technologies proliferate, the line dividing ‘my’ from ‘our’ data...
Risk & opportunity in increasingly digital world – Tapestry Networks
Article Synopsis : While digital transformation is happening slower in the insurance sector than in others, the changes, as they come, are no less profound. Where boards used to ...
Taming Cyber
Article Synopsis : Identifying and quantifying Cyber risk is different from quantifying other “financial” risks. This report from Oliver Wyman shares new methods for ...
The state of insurance fraud technology: SAS
Article Synopsis : Tech budgets at insurers are on the rise, but suspected fraud has also increased for the third consecutive time in six years, says The State of Insurance Fraud...
When the going gets tough, the tough get going.
Article Synopsis : Boards of Directors are increasingly requesting from senior management a coherent articulation of the institution’s cyber risk appetite linked to business ...
Why there’s growth opportunity in cyber if insurers play ...
As incidents of cyberattacks become more prevalent globally, the demand for cyber insurance continues to grow rapidly compared to other lines.
Stellar Cyber Announces Support for Amazon Security Lake ...
Stellar Cyber, the innovator of Open XDR technology, announced support for the Amazon Security Lake from Amazon Web Services (AWS)
Embroker Releases New Digital Excess Tech E&O Cyber ...
100% digital tool empowers brokers to quickly and easily supplem
Embroker launches Excess Tech E&O cyber product for ...
Embroker's new product offering makes it easier for brokers to find excess coverage for insurtech E&O and cyber policies.
CrowdStrike to Accelerate Development of AI in Cybersecur...
CrowdStrike announced the company is working with Amazon Web Services (AWS) to develop powerful new generative AI applications
Cowbell Cyber partners with Skyward Specialty
The companies announced an agreement that expands Cowbell's coverage and capacity of its Prime 250 Cyber Liability and Prime Tech.
Cysurance & Kaseya Launch Fast Track Cyber Insurance...
Boost security against cyber threats with Cysurance and Kaseya's Fast Track Programme, offering affordable and streamlined insurance coverage
Cybersecurity with AI: Connecting Vulnerabilities, &...
The VWC-MAP model is an open-source platform that welcomes additional testing and collaboration from cybersecurity experts.
Microsoft Recognizes CyberProof for Specializations in Th...
CyberProof, a UST company, has attained a Specialization in both Threat Protection and Cloud Security from Microsoft.
Batten promotes Blink by Chubb
Blink is Chubb's embedded insurance brand.
O2 introduces cyber insurance offering
Coverage can be obtained online and it is designed for companies with annual revenues of up to $30 million.
The Future of Cybersecurity: How to Stay Ahead of the Curve
This AiThority.com guest post talks about the role of ChatGPT in generating accurate and reliable information about cybersecurity.
BOXX Insurance launches personal cyber insurance
HSB is the underwriter of the new product.
Funds transfer fraud replaces ransomware as leading cyber...
Ransomware claims frequency dropped 54% between 2021 and 2022, according to a report by cyber specialist insurer Coalition.
Coalition Releases Much-Anticipated 2023 Cyber Claims Rep...
Coalition has unveiled its highly anticipated Cyber Claims Report for 2023, shedding light on cyber trends and the nature of cyber incidents.
Cyber Attacks Are on the Rise, Due to Software Vulnerabil...
Speciality insurer, Beazley has released its latest report on cyber risk - and finds software vulnerability a major cause in rising attacks.
Coalition Risk of Cyber Claims: Critical Vulnerabilities
Discover the risks of using end-of-life software and unresolved vulnerabilities. Learn how 2FA can prevent cyber claims. Insights from Coalition's Cyber Claims Report.
Cyber warranty startup Cork raises $6 million
The company offers financial protection against cyber risks.
91% of US SMEs Helped: Cowbell Cyber Insurance Report
Insurtech Cowbell's Cyber Round-up: Q2 2023 reveals that 91% of US SMEs with cyber insurance policies received help to avoid cyber incidents.
Mosaic announces global primary cyber coverage
Company will offer US$20 million in capacity across its network of underwriting hubs
Securing RPA Bots for Insurance Companies
Learn how to secure your RPA bots in the insurance sector to prevent cyberattacks and ensure productivity. Follow these key areas for maximum protection.
Sophos partners with Measured Analytics and Insurance
The new partnership "unlocks" Measured insurance premium savings for Sophos’ US-based customers.
What to Expect: WTW Spring Commercial Insurance Forecasts...
In striking contrast to last year's double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for cyber coverage,
Coalition Launches new Cyber Management Platform to Preve...
Coalition has announced the release of its new cyber risk management platform, Coalition Control 2.0. for customers.
Economic and Cyber Risks Lead Global D&O Concerns: S...
At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according to the latest
Cybersecurity expert to take charge of AXA XL APAC, Europ...
AXA XL boosts its cyber defense by elevating Carlos Rodriguez Sanz to lead the charge in APAC and Europe
Cybersecurity Fail: Top 10 Passwords Used by the Insuranc...
Despite cybersecurity experts' repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating
Cyber Insurance Rate Hikes Moderate, While Property Price...
Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11%, compared to 28% in Q4 2022,
Embedded Insurance and Cyber Security
Embedded insurance is a hot topic in many insurer boardrooms across EMEA for all the right reasons. Ben Dulieu, Duck Creek Technologies Chief Information
Cowbell recognized as “hot” cyber insurance company
Insurance provider recognised by Cyber Defense Magazine
How Do AI-Based Cyber Tools Prevent and Mitigate Botnet A...
A botnet attack is a cyber threat that’s evolving and scaling in volume every year. How can AI-powered security solutions stop DDoS attacks on networks or applications in time?
People Moves: QBE Nabs Davis From Beazley to Head Cyber; ...
QBE Names Davis to Newly Created Position: Global Head of Cyber QBE Insurance Group Limited has appointed Serene Davis to newly the created position
IBM X-Force: Insights into Threat Landscape for 2023
We talk to IBM X-Force, the elite team of IBM security professionals that helps organisations to prepare for and respond to cyber incidents.
Cyber insurance: Is your business prepared for the second...
The cyber insurance market has matured rapidly over the past two years. What does this mean for your business?
Coinnect selected for Plug and Play Insurtech Innovation ...
The cyber insurtech has been chosen from a pool of over 500 startups
Indian insurance regulator suffers cyber attack, insurers...
"Some data has been compromised"
Cowbell Launches MooGPT – a New Collection of Cyber...
Cowbell has introduced a new collection of capabilities called MooGPT, which utilises large language models and proprietary data.
HK SME cyber awareness in decline despite rise in cyber a...
Six in 10 report more digitalised businesses in past 12 months
Aviva partners with CyberCube
Aviva has signed a multi-year contract licensing CyberCube’s platforms.
Insurers Are Feeling Prepared | Insurance Thought Leadership
Safe Security raises $50 million
Platform offers cyber threat exposure analysis.
FWD bolsters home insurance with cyber fraud coverage
Online scams a growing threat for Singaporean households
Aviva still weighing up Lloyd’s re-entry as part of...
A Lloyd’s market re-entry is still under consideration by Aviva, according to its CEO of UK & Ireland general insurance, Adam Winslow.
Corvus to deliver expansion of Excess Tech E&O and c...
This program provides up to $5 million in coverage for companies with revenues up to $500 million.
Corvus partners Core Specialty on tech E&O & cy...
Cyber insurance company Corvus is partnering with Core Specialty to expand capacity within its tech E&O and cyber insurance products
The Hanover launches cyber risk management program
The solutions are delivered through strategic partnerships and are offered at no charge or at a discount.
Coalition Launches New Cyber Solution CoalitionAI Chatbot...
The CoalitionAI dashboard is now accessible to several US brokers and will answer questions about cybersecurity best practices
Trium Cyber Launches Excess Program Powered by Origami Risk
Trium Cyber can now accept submissions from agents and brokers and quickly generate multiple quote options for excess cyber coverage following a three-month implementation.
Ransomware, AI top list of threats driving up cyber insur...
A consortium of financial companies said premiums are rising despite a relatively low level of overall risk, causing some banks to reconsider their policies.
Claims People: Gallagher Bassett, Coverys, Distinguished ...
Gallagher Bassett Hires Cyber Practice Leader Kirsten Mickelson has joined Gallagher Bassett as cyber practice leader for its specialty liability
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