Cyber Business Interruption Remains Area of Uncertainty for Insurance June 12, 2018 By Elizabeth Blosfield Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what...
Italy’s UniCredit Reveals Massive Data Breach Involving 400,000 Bank Accounts July 26, 2017 By Sonia Sirletti and Edward Robinson UniCredit SpA said hackers accessed about 400,000 client bank accounts in Italy, taking biographical and loan data in one of...
Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s July 17, 2017 By Suzanne Barlyn A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with...
Looming EU Cyber Rules to Provide ‘Shot in Arm’ for Cyber Market: A.M. Best July 12, 2017 The European Union’s looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive...
Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert July 7, 2017 By Oliver Suess Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global...
Global Shipping Still Reeling from Cyber Attack; Insurers Warn of Coverage Gaps June 30, 2017 By Jonathan Saul Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago, showing the...
Global Cyber Attack Affects Shipping, FedEx, Emails and More June 29, 2017 By Jordan Robertson, Nico Grant and Molly Schuetz The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses...