cyber liability insurance

Lloyd’s Market Association Releases Framework for Systemic Cyber Risk Mitigation

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The Lloyd’s Market Association (LMA) has unveiled a critical framework for assessing systemic cyber risks, offering insurers and policymakers a robust tool to tackle the evolving digital threats confronting industries globally. As cyber threats become more sophisticated, this report highlights how interconnected systems and rapid technological advancements reshape risk landscapes and necessitate comprehensive risk management … Read more

Global Cybersecurity Outlook 2025: Addressing Complexity, Inequity, and AI Risks

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A new report from the World Economic Forum underscores the escalating complexity of cyberspace, driven by geopolitical tensions, supply chain vulnerabilities, and rapid technological advancements. The report, Global Cybersecurity Outlook 2025, notes these challenges are creating profound disparities in cybersecurity resilience between organizations, industries, and regions. A Complex and Evolving Cyber Landscape The report highlights … Read more

WTW Launches CyCore Asia, Aiming to Strengthen Cyber Resilience in Singapore and Hong Kong

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Willis Towers Watson, WTW (NASDAQ: WTW), has unveiled CyCore Asia. This new cyber insurance solution is tailored for businesses in Singapore and Hong Kong. Collaborating with underwriters QBE Insurance Group and AXA XL, WTW offers primary insurance capacity of up to USD 15 million, addressing growing cybersecurity concerns. The initiative responds to findings from WTW’s … Read more

Better Late Than Never & Better Insured Than Not: NY Town Announces Hack & Expected Recovery from Cyber Insurance for Government

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The town of Webster, NY has announced it lost more than $520,000 in a phishing attack in November, but says local police have recovered $300,000 of the stolen money and its cyber insurer is expected to cover another $240,000 under the town’s cyber insurance for government. The incident has been described as a phishing attack, … Read more

Hong Kong Data Breaches 2024: Clyde & Co Insights on PCPD Findings

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Clyde & Co has provided key insights into six data breach investigations conducted by Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD). The findings highlight critical shortcomings in cybersecurity and data protection practices, offering a roadmap for organizations to strengthen their defenses against increasingly sophisticated cyber threats. You won’t be surprised to … Read more

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