Cyber Security & Data Privacy
Articles
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: 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: 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 ...
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...
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 ...
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...
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 ...
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.
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...
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...
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,...
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...
French insurtech Stoïk wins Andreessen Horowitz’s backing...
Paris-based cybersecurity insurtech Stoïk has raised €11m in a Series A round led by US investment giant Andreessen Horowitz (a16z)...
CyberCube solutions to power Australian insurer QBE
Australia-based re/insurer QBE Insurance Group has collaborated with CyberCube to boost its cyber capabilities.
Munich Re backs Amber Group digital asset cover by Arch &...
Global digital asset platform Amber Group has secured insurance coverage for its wallet infrastructure from Arch Syndicate 2012 at Lloyd's and insurtech
Security Awareness Training Blog
5 hours ago ... New data from security vendor Sophos shows that while the presence of cyber insurance coverage has increased, it's the experiencing of attacks that's ...
Microsoft Azure Synapse Pwnalytics
Tenable has discovered a privilege escalation flaw that allows a user to escalate privileges to that of the root user in Azure Synapse.
Property and cyber remain challenging after brokers see s...
Aon suggests that some UK markets will remain challenging with GlobalData noting that these lines also saw strong GWP growth in 2021.
Regulators hope digital can ‘right-size’ risk...
Insurance commissioners from Maryland and Montana spoke at the event.
Rising cyber threats and premiums will make cover unaffor...
Cyber insurance premiums and threats have soared in 2022, making an unsustainable situation for SMEs looking for insurance.
Kovrr collaborates with Microsoft on internal cyber secur...
Cyber risk modeller Kovrr has announced its selection by Microsoft for Startups – a global program dedicated to accelerating the trajectory of
How to help your clients mitigate cyber risk in 90 minute...
Introducing Victor Canada’s new CyberConcierge assessment and consultation, a complimentary offering for Victor Errors & Omissions and Technology policyholders. An increase in t...
Insurance for crypto: A ‘hot’ and ‘cold...
The market for crypto insurance could hit $1 billion soon, some insiders predict.
Motor Insurance Industry Outlook in Asia Pacific
Electric Vehicles and the Future of Motor Insurance
More risk factors means growing demand for cyberinsurance
Premiums are rising as insurers and consumers look to meet the threat of digital breaches.
Chubb and JA Assure launch online cyber insurance platform
The cyber insurance product offered on the platform is a comprehensive risk management solution.
The Weak Point in Cyber Security
Cyber insurance, once a luxury, is now becoming a part of an organization's cyber resiliency toolkit, along with incident response readiness. However, in the…
Capturing the new Smb insurance buyer by meeting a new ri...
In Majesco’s recently released 2022 SMB report, A Rapidly Changing SMB Landscape: Growth Opportunities Grounded in Grit and Resilience, we see a number of…
Chubb, JA Assure launch online cyber insurance platform f...
Partnership seeks to make cyber cover more accessible for smaller businesses
Cybersecurity spend to reach US$23 billion in 2022 – glob...
Companies have never been more at risk, says expert
Chubb and JA Assure launch online cyber insurance platfor...
SINGAPORE, 2 JUNE 2022 – Chubb and JA Assure announced today the launch of HaxsafeTM – a cyber insurance portal targeting SMEs looking for an easy and accessible insurance solut...
Incident response company Surefire Cyber launches with $1...
Surefire Cyber, which focuses on incident response services, has launched after raising $10m in Series A infusion.
A unified cybersecurity strategy is the key to protecting...
By Camelia Radu, Associate Professor in Accounting, Universite du Quebec a Montreal (UQAM) and Nadia Smaili, Professor in Accounting (forensic accounting), Universite du Quebec ...
CyberCube partners Kroll to launch incident response service
Cyber risk analytics provider CyberCube has allied with Kroll to launch a new incident response service for the cyber insurance industry.
How fraudsters exploit weaknesses in omnichannel fraud de...
Account takeover fraud costs insurance organizations and consumers billions in financial losses and damaged customer trust.
How better risk controls have helped Canada’s P&C in...
Over the past 20 years, a transition from traditional risk management approaches to enterprise risk management (ERM) helped Canada’s property and casualty insurance industry pos...
UK opts for slow reboot of Big Tech rules, touts data ref...
The U.K. government has confirmed it will move forward on a major ex ante competition reform aimed at Big Tech, as it set out its priorities for the new parliamentary session ea...
Cowbell Cyber introduces heatmap to gauge portfolio risks
Cowbell Cyber has announced the introduction of its Cyber Risk Heatmap to support the assessment of cyber risk portfolios.
Insuring Seasonal & Secondary Homes
Many policyholders have been captivated by the lure of owning a cottage for seasonal use or as a secondary residence. These homes range from a shack in the woods to large modern...
First Connect, Blink by Chubb team up to offer cyber insu...
First Connect Insurance Services has teamed up with Blink by Chubb to offer independent agents with personal cyber insurance protection.
Resilience Continues to Attract Leading Insurance Talent:...
Resilience Continues to Attract Leading Insurance Talent: Miki Ho Named as Head of Underwriting for CanadaSAN FRANCISCO, CA, May 24, 2022 – Resilience,
Cyber Protect partners with DataStream
DataStream Cyber Insurance is an insurance broker.
First Connect to offer cyber protection from BLINK by Chubb
Blink by Chubb will be available to independent agents that participate in First Connect's insurtech marketplace platform.
Beazley’s third-party capital an EPS upside. Opport...
London headquartered insurance and reinsurance group Beazley has an opportunity in the cyber underwriting space to bring in third-party capital and this
The year the tide turned on ransomware – TechCrunch
U.S. authorities scored a handful of rare wins against ransomware actors in what once seemed like an unwinnable battle.
Insurance protection gap could hit $1.86tn by 2025: PwC &...
The global insurance and reinsurance market faces a range of challenges, but at the same time the opportunities for the sector and for the provision of
Why COVID-19 created opportunities for risk managers
Job opportunities are growing for risk managers
API Gateways Secure the Enterprise | Insurance Thought Le...
5 key trends in the Canadian P&C market, according t...
P&C insurers are actively managing how they deploy their global capacity for cyber insurance, and the underwriting process for that sector continues to gain rigor, said Aon’s qu...
Patent Statistics and Analysis 2021
A data-driven annual report that offers a holistic overview of interesting patent snapshots, identifies notable filings and grants, and analyzes them to answer specific question...
API Gateways Secure the Enterprise
If you understand how effective an API gateway can be protecting insurance enterprises, and how easy it will be to implement, you may be adding it to your list of must-haves.
The Power of Defensible Space
Betterview shows how predictive analytics and computer vision help insurers and policy holders evaluate defensible space
Privacy Policy – Insurity
4 Ways To Combat P/C ‘Mega-Risks’ In 2022
The property/casualty insurance market is moving away from transactional coverage and moving more toward comanagement of risk.
4 Things Small Business Can Do to Protect Against Cyberat...
Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as
Superscript launches ‘Daylight’ for digital asset businesses
Superscript has staked a claim to be the first Lloyd’s broker to launch a product dedicated to distributed ledger technology, digital asset, and blockchain
Sunday Security raises $4 million
Sunday Security is an Israeli startup offering a personal cybersecurity solution for enterprises.
Aspen brings its clout to Counterpart
Insurtech firm Counterpart has gone into partnership with Aspen Insurance and Markel to give small businesses access to the former’s management liability
Allianz puts Home & Legacy up for sale
Allianz is exploring options for Home & Legacy which could include a sale with high net worth not being seen as a core strategy for the current owners,
Acrisure lifts the lid on network rollout and broker buyi...
Acrisure is forming a network and its application to the Financial Conduct Authority is “going in now”, president of UK retail Mark McIlquham, has revealed.
At-Bay launches new cyber programme backed by Trisura
At-Bay has launched a new cyber insurance programme backed by two speciality insurance players and At-Bay’s captive reinsurer.
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