Ransomware Exposure Driving Up Cyber Insurance Costs January 22, 2020 By Suzanne Barlyn U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers...
Gemini, Seeing Insurance As Key to Future of Virtual Currency, Starts Own Captive January 16, 2020 By Suzanne Barlyn U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost...
Insurance Journal’s Top 10 Cyber Insurance Stories of 2019 January 10, 2020 By Elizabeth Blosfield An A.M. Best report released in June gave a comprehensive look at the state of the cyber insurance market for...
Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube January 9, 2020 By L.S. Howard The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime,...
Beazley and RenaissanceRe Launch Cyber Catastrophe Cover Backed by Capital Markets January 9, 2020 Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber...
Update: U.K.-Based Foreign Exchange Firm, Travelex, Crippled by Ransomware Attack January 8, 2020 By Noor Zainab Hussain and Kirstin Ridley Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said...
Climate Change, Cyber Warfare Risks Are Key London Market Issues for 2020: IUA January 3, 2020 Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in...
Large New Jersey Hospital System Says It Was Hit by Ransomware Attack December 17, 2019 New Jersey’s largest hospital system said Friday that a ransomware attack last week disrupted its computer network and that it...
Court Rules Events After Email Instruction Don’t Erase Claim for Phishing Loss December 12, 2019 By Jim Sams A $1.7 million email phishing fraud that included phone calls with a fake lawyer and an intervention by a Wells...
Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question. December 3, 2019 By Riley Griffin, Katherine Chiglinsky and David Voreacos, Bloomberg By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a...