NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S. April 5, 2021 By Yakir Golan and Visesh Gosrani The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step...
Microsoft Flaw Exposes as Many as 60,000 Computer Systems in Germany March 11, 2021 By Andreas Rinke BERLIN – As many as 60,000 computer systems in Germany were exposed to a flaw that allows unauthorized users to...
Global Power Grids Are Becoming Increasingly Vulnerable to Cyber Attacks March 4, 2021 More than five years after massive cyber attacks left a quarter of a million Ukrainians without electricity, the world’s power...
Aon Secures $70M in Alternative Capital Capacity to Transfer Systemic Cyber Risk November 19, 2020 Insurance broker Aon plc has launched a new product with Hudson Structured Capital Management Ltd. (an asset manager undertaking its...
Cyber Security Top Concern for Businesses in ‘Age of Risk:’ Marsh & McLennan’s Glaser November 17, 2020 By Alwyn Scott Cyber security has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus...
Russia-Backed Hackers Behind Most Nation-State Cyber Attacks: Microsoft October 2, 2020 By Alyza Sebenius Russia-based hackers are responsible for the majority of nation-state attacks on Microsoft customers, according to new data from company. Microsoft...
Envelop Risk Paves the Way as Insurtech Reinsurance MGA September 29, 2020 By L.S. Howard Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that...
Businesses Face Fewer Cyber Events, But the Attacks Are More Costly September 24, 2020 By Meghan Hannes The stakes are higher than ever for businesses when it comes to cyber risk, especially with the added complexity of...
Ex-Security Chief Martin Urges UK to Outlaw Cyber Ransoms September 18, 2020 By Kitty Donaldson Ciaran Martin, who stepped down as head of the UK’s National Cyber Security Centre this month, will call on Boris...
Businesses Need to Rethink Cyber Risks for Work-from-Home Employees September 17, 2020 By Jeff Norton When worldwide lockdowns were imposed almost overnight in March, most employees thought they were leaving their desks behind for just...