Cyber Security & Data Privacy
Articles
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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...
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 ...
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 ...
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 ...
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...
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...
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 ...
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 ...
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...
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 ...
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,...
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.
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...
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...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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...
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 ...
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...
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...
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...
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 ...
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 ...
Interview: Hedron Network CEO David Hopwood
Hopwood discusses GRP's takeover of Marsh Networks and what will be different for members after Marsh ProBroker, Bluefin Network and Purple Partnership became
Covid BI claims payments hit £765.8m
FCA figures show interim payments of £289.5m and final settlements of £467.2m since the Supreme Court verdict, with the number of policyholders waiting to hear
Global insurance protection gap reaches new high post pan...
The Swiss Re Institute has published its Resilience Index, revealing that the Covid-19 crisis reduced global macroeconomic resilience by close to a fifth in 2020
Immersive Labs raises $75 million
Since its founding in 2017, Immersive Labs has grown to over 200 people, with joint operations HQs in Bristol and Boston. For more information on the company visit immersivelabs...
Acrisure Re launches cyber offering in partnership with K...
The new division will be led by Cyber Practice Leader, Tom Quy.
SMEs increasingly using credit to buy insurance
Research from Premium credit warns that Covid-19 and the increased cost of cover is pushing SMEs to use credit to buy cover as some cut down on insurance spend.
Ransomware attacks spur rise in cyber insurance premiums
"Although we maintain cybersecurity insurance coverage insuring against costs
resulting from cyberattacks (including the attack described above), it is possible ...
Experts want you to change cyber convos. Here’s how
Brokers and insurers need to change the way they speak to clients about cyber coverage and the types of products that are available, a cyber expert recently advised. Selling ful...
Following Pandemic, Cyber Vaccines Needed to Protect Digi...
A surge in cyber attacks and ransomware hacks since the start of pandemic lockdowns is alarming for a world of finance moving headlong into digital money
Blog: How brokers can help insurers embrace digital assets
Ben Davis, of Superscript, explains why the industry needs to get to grips with tech currencies such as Bitcoin.
Lack of cover leaves SMEs exposed to cyber attacks – Aviva
Over three-quarters of businesses do not have any cyber insurance cover in place, despite escalating digitisation
Celent: Structured Data a Key Benefit of Loss-Control and...
Off-the-shelf loss control and premium audit systems are allowing insurers to better serve customers and more meaningfully use the data they collect,
Coalition available to QuickBooks customers
The relationship enables Intuit QuickBooks customers to quickly and affordably access comprehensive coverage from the QuickBooks ecosystem.
Blog: Why technology must be a priority amid acquisition ...
Open GI’s Simon Badley shares what brokers must consider in terms of technology as they move forward with M&A.
What fraud trends should brokers watch out for?
Insurance Age talks to the LV fraud team about the emerging fraud trends brokers need to be aware of.
ActZero partners with Zeguro
To create a comprehensive cyber risk management program for small and mid-size businesses.
Forgotten Your Passwords? They Soon May Be Lost Altogethe...
The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. While a shocking statistic, when you learn
Hiscox takes from RSA for head of art and private client ...
Cheralyn Perry, most recently partnerships director at RSA, takes the newly created position.
Q&A: Hannover Re’s Michael Eberhardt talks BI ...
Hannover Re's Australia general manager Michael Eberhardt also discussed the key reinsurance trends affecting the market down under.
Insuring a King’s Ransom: The Role of Cyber Insuran...
Today, it is not monarchs and their territorial kingdoms but computer systems and
electronic kingdoms of data that are at risk. They are held hostage by foreign ...
Hub acquires Canadian credit risk brokerage
Hub International Limited has announced the acquisition of Global Credit Risk Management Inc. (GCRM), a Canada-wide independent broker of accounts receivable and political risk ...
Lack of data hindering climate action, financial sector w...
Availability of data is the single greatest challenge that the UK's financial sector expects to face over the next five years when addressing climate risk, a survey by Willis To...
One Concern raises $45 million
The company is backed by Japanese insurer SOMPO Holdings.
What does evolutionary biology tell insurers about SMBs i...
The small and medium-sized business market is entering a new phase of its evolution and so is the insurance industry. This white paper sheds light on why Covid-19 resembles an e...
Generali Global Assistance Partners with Avast
The partnership delivers live telephone support to protect Avast’s BreachGuard customers from identity theft and a variety of scams.
Introducing the BHSI Social Engineering Prevention Program
BHSI writes primary and excess fidelity and crime insurance for a range of business segments, including private and nonprofit customers, and can enhance coverage to respond to e...
Cyber Insurers Hike Rates But Worry About Pricing Long-Te...
U.S. insurers offering cyber coverage have been implementing significant pricing and underwriting actions in 2021 in response to a spike in cyber claims,
How Are Cyber Insurance Companies Assessing Ransomware Risk?
From limiting claims payments to tying payments to policyholders' actions, the
cyber insurance industry is in.
Tech can “bridge the gap” to hedging pandemic risk: Artem...
As part of the latest Artemis Live webcast, industry experts argued that utilizing technology will be critical in enabling the reinsurance and alternative
GAO to Explore the Government’s Role in Cybersecuri...
The Government Accountability Office plans to review how well-suited the
government's Terrorism Risk Insurance Program is for dealing with cybersecurity
...
Keyless, 3 million for the startup winner of [email protected] Cal...
Founded in 2019 by London-based Italians and winner of a contest by BNP Paribas Cardif and InsuranceUp, Keyless has developed a technology for biometric recognition using device...
dacadoo Obtains ISO 27001 and ISO 27701 Certifications
The Swiss Insurtech and Healthtech company today announced that it has been accredited with ISO 27001 and ISO 27701 certifications for its Information Security Management Syste...
Cyber Insurance: Insurers and Policyholders Face Challeng...
Other key trends in cyber insurance include lower coverage limits in high-risk
sectors and rising premiums. Both insurers and clients face challenges.
MagMutual files Form D with the SEC
Last year it acquired West Virginia Mutual Insurance Company, the only member-owned medical liability insurance company in West Virginia.
What is personal cyber security insurance?
What is personal cyber security insurance? May 20, 2021 by BullGuard.
Categories: In this digitally driven ...
Organisations failing to model key emerging risks
The majority of large and mid-size organisations worldwide are failing to anticipate and model key emerging risks, a new report from insurance firm Marsh suggests.
Cyber First Responders – Risk & Insurance : Ri...
Awareness of cyber risk is increasing, but some companies may be neglecting to
prepare adequate response plans that could save them millions. By: Antony ...
5 Ways Cyber Business Interruption Differs from Tradition...
While a typical business interruption can often be a confusing insurance situation, the picture gets even muddier when it involves cyber coverage. Chris
Qlaims partners with Hedron Network
The partnership, which follows GRP's acquisition and rebrand of Marsh Networks earlier this month, will see broker members gain access to a new claims and risk
Pipeline Ransomware Attack Stirs Debate on Whether Insura...
The ransomware attack on Colonial Pipeline Co. that caused gasoline shortages along the U.S. East Coast also sparked a debate about whether cyber
Acturis adds CFC to panel with cyber product launch
CFC's Cyber Now product has been made available to brokers on the Acturis platform.
Cyber insurance firm AXA halts coverage for ransom payments
"While waiting for the decision of the public authorities, our customers keep all
the other guarantees of their Cyber Secure contract to protect them in case of
attacks ...
A Glimpse Into the Future of Cybersecurity Threats in a 5...
You can help your clients understand the threats this new landscape will pose
and why cyber insurance is more important than ever. Digital Advances in a 5G ...
Visual Memory: A New Cyber Security Approach for Insuranc...
A striking characteristic of human memory is that pictures are remembered better than words; it’s time to use this characteristic to implement more secure authentication methods...
Covid BI claims payments hit £701m
FCA figures show interim payments of £268.2m and final settlements of £433.1m since the Supreme Court verdict, with the number of policyholders waiting to hear
Can business insurers fulfil their customer mission in a ...
Following COVID-19, commercial insurers can uncover opportunities in the hard market as well as a renewed sense of mission, says James Thomas.
How Virtual Reality is Changing the Way We Treat Chronic ...
The editorial staff of Risk & Insurance had no role in its preparation. Paradigm is
an accountable specialty care management organization focused on improving ...
Cyber risks grow as technology evolves, criminals step up...
Organizations should be wary of emerging cyber threats, including the ... Mike
Convertino, chief security officer for cyber program manager Resilience in Seattle
... cyber ris...
Have you entered the UK Broker Awards yet?
Submissions close on 28 May and a ceremony is set to take place in November at the largest live broking event in 2021- Broker Expo.
Zurich’s UK underwriting officer exits for global role
Hayley Robinson will be heading off to Switzerland to start as group chief underwriting officer in June.
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