cyber risk exposures News

5 Ways the Insurance Industry Can Improve Cybersecurity: Former U.S. Security Chief Clarke

“The insurance industry has a great record of solving problems where government regulation didn’t because the government either didn’t know how to regulate, or the government wouldn’t regulate,” Richard A. Clarke, former National Coordinator for Security, Infrastructure Protection and Counter-Terrorism …

PivotPoint Analytics Launches Cyber Risk Assessment Product

PivotPoint Risk Analytics has launched a new company and its flagship product CyVaR, which quantifies cyber value-at-risk and gives chief information security officers (CISOs) and business leaders a common language in making cyber investment decisions and reducing cyber risk. Spun …

CFC Partners With Cyber Security Ratings Firm to Evaluate Insureds’ Cyber Risk

Specialist lines underwriting agency CFC has formed a partnership with cyber security ratings agency, BitSight Technologies. CFC will use BitSight’s ratings tool to provide insight into the cyber threats that their clients face. Ratings are calculated on a daily basis …

Southeast Schools Hoping to Fill Need for Insurance Cybersecurity Experts

The insurance industry, like other businesses, has come to realize it needs to do more to protect its companies, customers, employees and portfolios from cyber threats. Cyber-savvy professionals are in high-demand and are being scooped up by companies needing to …

Marsh Launches Cyber Risk Assessment Services

Marsh has launched Marsh Cyber Monitor and Marsh Cyber View, new cyber risk assessment services to help the risk management community effectively understand, measure, and manage their cyber risk. These offerings are part of a broader effort by Marsh to …

Report: Data Breaches Cost N.Y. Businesses $1.37B Last Year

Security breaches exposing consumers’ personal information are becoming larger and more frequent in New York, costing businesses more than $1.37 billion last year, the state attorney general’s office said. Data breaches in the state more than tripled from 2006 to …

Willis Report Highlights Tech/TelCom Firms Cyber Risk Exposures

In a study of public documents, Willis Group Holdings plc said it has “found that technology and telecommunications companies estimated their cyber exposures at higher levels than others in the Fortune 1000, an indication that those firms may be underestimating …