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A Financial Times report (here) says major cyber insurance buyers are pushing back against Lloyd’s moves to exclude “state-backed” cyber attacks from coverage. Financial services companies are among those most…
Read More “BoA Versus Lloyd’s on Cyber War Exclusions: FT” »
“Astaara’s cyber insurance covers ports and terminals, as well as ships, shipowners and ship managers. The insurance is led by A-rated cyber insurance industry leader Axis Specialty Europe SE, with…
Required to have cyber insurance by customers, but can’t afford it? Or don’t want to spend the money? Here comes a possible solution. “Characterizing today’s cyber insurance market as being…
Marsh notes global cyber pricing rose 28% in Q42022, slowing compared to 53% the prior quarter. But rates and volatility remain high enough to keep providing tailwinds for captive structures,…
Read More “Marsh Bullish on Cyber Captives Despite Moderating Cyber Insurance Prices” »
It seems fair to say that definitive numbers remain as elusive as a North Korean hacker. The Wall Street Journal‘s Pro Research did a survey late last year indicating 6%…
Read More “How Many Clients Make Claims on their Cyber Insurance Policies? ” »
We’ve all heard the horror stories of companies hacked via penetrations of their vendors and partners. “’A company can take out insurance for third parties, but we don’t see a…
Read More “Supply-Chain Risk Continues to Bedevil Large Companies and their Cyber Insurers ” »
The hints come from an article by the National Security Agency’s (NSA) former general counsel, Glenn S. Gerstell, who’s been involved in development of the plan. He predicts a much…
“Eurocell said: ‘We experienced a cyber incident towards the end of July (2022), which resulted in some temporary disruption. The incident was efficiently resolved, with the business remaining operational throughout…
“The most important corporate concerns for the year ahead, ranked by 2,712 risk management experts from a record 94 countries and territories.”Source: Allianz Risk Barometer | AGCS
The Des Moines, Iowa school system has called in its (unnamed) cyber insurer, the FBI and DHS after an apparent ransomware attack, which put 30,000 students out of school for…