UK Report Highlights Role of Insurance in Managing, Mitigating Cyber Risk March 24, 2015 Last year 81 percent of large UK businesses and 60 percent of small companies suffered a cyber security breach. In...
N.Y.’s Lawsky: Cybersecurity Likely Most Important Issue DFS Will Face in 2015 February 26, 2015 By Young Ha Cybersecurity is likely the most important issue that the New York Department of Financial Services (DFS) will face in 2015,...
Treasury Troubled by Smaller Firms Not Buying Cyber Insurance February 18, 2015 By Mark Hollmer While the overall cyber risk insurance market is growing tremendously, larger corporate clients have driven much of the expansion. Smaller...
N.Y. Announces New, Targeted Cybersecurity Assessments for Insurers February 9, 2015 New York State Department of Financial Services (DFS) today released a report on cybersecurity in the New York insurance industry...
Commercial Lines Softening to Continue in U.S. in 2015: Marsh February 9, 2015 Competition among property/casualty insurance carriers and the flow of capital into the industry are continuing to drive down rates in...
Barrage of Cyber Attacks Force Companies to Rethink Defense Strategies February 9, 2015 By Jeremy Wagstaff A barrage of damaging cyber attacks is shaking up the security industry, with some businesses and organizations no longer assuming...
Sony Movie Breach Could Cost $100M But Less Than 2011 Playstation Breach December 15, 2014 By Lisa Richwine Sony Corp.’s movie studio could face tens of millions of dollars in costs from the massive computer hack that hobbled...
U.S. Prods Banks to Buy Cyber Insurance, Insurers to Develop Products December 4, 2014 Banks should consider cyber risk insurance to help deal with the financial fall-out from the growing threat of cyber attacks,...
Survey: Businesses Slow to Boost Cyber Insurance Coverage Despite Risks November 5, 2014 While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate cyber...
Starr Launches Cyber Security & Privacy Risk Response on a Primary Basis October 22, 2014 Starr Companies has launched Security & Privacy Risk Response, a cyber insurance offering that contains coverage for both first- and...