Risk Management News

It’s Easy to Get Hacked: Just Connect to Fraudulent Wireless Hotspots

If anyone attending the Mobile World Congress in Barcelona this week doubts how easy it is to hack smartphones and tablets, Filip Chytry and his team plan to set them straight. By hacking into their devices. Chytry’s company, Prague’s Avast …

Global Atlantic Appoints Cai as Chief Risk Officer

Bermuda-based Global Atlantic Financial Group Limited has appointed Peter Cai, Ph.D., as Chief Risk Officer (CRO). A move, which the company said, “enhances risk management functions throughout the enterprise,” as it “experiences continued growth.” Dr. Cai will report directly to …

Barrage of Cyber Attacks Force Companies to Rethink Defense Strategies

A barrage of damaging cyber attacks is shaking up the security industry, with some businesses and organizations no longer assuming they can keep hackers at bay, and instead turning to waging a guerrilla war from within their networks. U.S. insurer …

ACE Group Warns UK SMEs About Higher Fraud Risk in 1st Quarter

Fraud cases are on the rise and the profile of fraudsters is changing to include more young individuals seeking to fund extravagant lifestyles, according to ACE Group. As pressure on bank balances grows after the traditional Christmas excesses, ACE warns …

Cayman Enacts Regulations Affecting Portfolio Insurance Companies

The Cayman Islands passed new insurance regulations on January 16, which affect portfolio insurance companies (PIC). These regulations are designed to provide more risk management alternatives for insurers incorporated as segregated portfolio companies (SPCs), creating more flexibility for their operation, …

Characteristics of ‘Charlie Hebdo’ Attack Thwarted Counter-Terrorism Efforts: RMS

A number of unique characteristics of the January 7 terrorist attack against satirical French magazine “Charlie Hebdo” allowed terrorists to succeed despite counter-terrorism efforts, according to a new report by Dr. Gordon Woo, catastrophist and terrorism risk expert at RMS, the …

Insurance Pool May Unlock India-U.S. Atomic Trade

Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but stopped short of demands to soften a liability law. With the 1984 Bhopal gas tragedy …

Threat of Cyber Attacks Must Be Priority for Corporate Boards: KPMG

The threat of cyber attacks must be taken more seriously by corporate boards at Britain’s largest companies, according to a survey by KPMG LLP today. Less than 40 percent of board members in the FTSE 350 Index companies said they …

Allianz Survey: Businesses Face New Challenges in Interconnected World

Business interruption (BI) and supply chain, natural catastrophes and fire/explosion are the major risks that occupy the attention of companies at the start of 2015, according to the fourth annual “Allianz Risk Barometer 2015.” The Risk Barometer details the top 10 global …

Companies Seek Advice About How to Protect Employees After Paris Shootings

The world’s biggest security provider, G4S Plc, is fielding more inquiries from prospective clients after terrorists killed 17 people in Paris last week. Companies are seeking advice on how to protect their employees following attacks at the weekly magazine Charlie …