cyber insurance risk News

Cheaper Cyber Insurance in the Works for Apple, Cisco Customers

Apple Inc. is working with Cisco Systems Inc. to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim Cook said on Monday. Sharing a stage with Cisco …

Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk

If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty within many industries and thus “aggressive expansion” by insurers …