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CFC has updated Cyber Proactive Response, its cyber policy for small and mid-sized businesses. Senior executives gain personal protection. The affirmative AI wording gets an update. The business interruption period stretches to 18 months. A cyber extortion threat does not have to stop at the company network. It can follow an executive home. CFC’s latest … Read more
Aon and Wotton Kearney mapped cyber fines across 14 Asia Pacific jurisdictions. In 11, a fine may be insurable. In two, the answer is unclear. When it comes to mainland China, the law rules it out. A cyber fine in Sydney and the same fine in Shanghai land very differently on an insurance policy. In … Read more
Cowbell has launched Risk Advisor, an AI agent for its policyholders. It turns the data Cowbell collects on each business into a ranked list of actions. Each comes with its evidence. Most cyber policies sit untouched until something goes wrong. Cowbell wants its policyholders to open theirs first. The cyber insurer launched Risk Advisor on … Read more
For Cybersecurity Awareness Month, a career communicator on the words the cyber industry uses, specifically the word cyber. Mark Twain had a line for this. “The difference between the almost right word and the right word is really a large matter,” he wrote to George Bainton in 1888. “‘Tis the difference between the lightning-bug and … Read more
Marsh surveyed 350 senior UK retail executives. Among those who went through a major cyber disruption last year, 64% say they are overinvesting in cyber resilience. Marsh says the measure that matters is speed of recovery. Last year, cyberattacks caused mass disruption at major UK retailers, including Marks & Spencer. The sector responded by spending. … Read more