Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte March 3, 2017 By L.S. Howard Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers...
Level of Cyber Risk Management for Many Firms Is ‘Unsustainable’: Swiss Re March 2, 2017 By L.S. Howard Despite increased awareness of rapidly evolving cyber threats, relatively few corporations have integrated cyber security into their mainstream risk management...
Testing of EU Banks’ Cyber Defenses Needs Common EU Approach: Official February 28, 2017 European Union countries should test bank defenses against cyber attacks using a common set of requirements, a senior EU official...
Ukraine Blames Russian Hackers for Attacks on Power Grid, Financial System February 16, 2017 By Natalia Zinets Ukraine on Wednesday accused Russian hackers of targeting its power grid, financial system and other infrastructure with a new type...
UK Opens National Cyber Security Centre; MGA Sciemus Comments February 15, 2017 By L.S. Howard The UK’s National Cyber Security Centre (NCSC) was officially launched this week – a government sponsored organization that is focused...
Gallagher Launches Manufacturers’ Cyber Solution to Close Coverage Gaps February 9, 2017 Arthur J. Gallagher announced it has responded to the “perfect storm” facing manufacturers – a rising risk of cyber attacks,...
Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients February 6, 2017 Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available...
UK Firms Lack Board-Level Digital Skills to Deal with Cyber Attacks: Deloitte February 6, 2017 By Eric Pfanner Only 5 percent of large U.K. companies say their boards include directors with expertise in information technology or cyber security,...
Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’ January 31, 2017 A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer...
Europe’s Firms Face Potential ‘Perfect Storm’ of Cyber Threats: MMC Report January 27, 2017 By L.S. Howard European companies are unprepared to cope with the reality of today’s cyber risks, according to a new report from Marsh...