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Top News about Cyber Insurance
“The ISO Cyber Insurance Program is part of Verisk’s Cyber Solutions Suite, an end-to-end ecosystem that can help insurers and reinsurers more quickly deliver new cyber programs or enhance existing solutions. Powered by data on more than 100 million organizations worldwide, the suite provides a wide range of products and services, including a pricing, underwriting, … Read more
“This CSA (Cybersecurity Advisory, from last month) provides an overview of Russian state-sponsored cyber operations; commonly observed tactics, techniques, and procedures (TTPs); detection actions; incident response guidance; and mitigations. This overview is intended to help the cybersecurity community reduce the risk presented by these threats… Russian state-sponsored APT actors have used sophisticated cyber capabilities to … Read more
The lesson Moline had already heeded was to have cyber insurance. Tokio Marine paid out $404,764 for losses the city suffered in a phishing scheme that directed wire transfers to a scammer. The second lesson was prompted by the attack and its aftermath. “Moline has since reviewed all of its internal control policies with the … Read more
“The affordability of cyber insurance was flagged as a concern by US-based News Corp when it reported a cyber attack earlier this month. The group said: ‘The company cannot be certain that its current level of insurance or the breadth of its terms and conditions will continue to be available on economically reasonable terms.’” Source: … Read more
“Specifically, the proposal would:● Require advisers and funds to adopt and implement written policies and procedures that are reasonably designed to address cybersecurity risks;● Require advisers to report significant cybersecurity incidents to the Commission on proposed Form ADV-C;● Enhance adviser and fund disclosures related to cybersecurity risks and incidents; and● Require advisers and funds to … Read more