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Top News about Cyber Insurance
We can think of some more. According to the report: “…the biggest misconception around cyber insurance is still summarized by the sentence, ‘It’ll never happen to me.’ Cyber attacks are continuously evolving, and companies that don’t stay educated about the space could be caught off guard, experts say.” Source: Biggest Myths Around Cyber Insurance
Universities may have weaker security controls than companies of the same size but offer troves of student and research info…”Katherine Mayer, associate vice president for information security at the University of Wisconsin, emphasizes, ‘The nature of higher education demands a collaborative, teaching, learning and research environment routinely based on an open, shared technology. This demand … Read more
2.3 million dark net accounts are operating in Russia and many offer stolen data, says expert from Russia’s largest bank. Cyber attacks have cost Russian companies and citizens up to $49 billion this year, according to the report. Source: Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank
Kocsondy was formerly an SVP at Chubb. Source: Beazley hires Patricia Kocsondy as Head of US Cyber & Tech – Reinsurance News
Hiscox Ltd (LSE:HSX) lists increasing cyber insurance rates as part of its turn to profitability in the first half of 2021, according to its 2021 interim and Chairman’s statement. “Rate strengthening is particularly prominent in cyber, where we have seen an average rate increase of 20%, primarily in response to the increased frequency and severity … Read more