All the headlines from our Cyber Topic Page, ordered by recency.
Jul 7 2015 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, announced today the launch of a new dedicated excess facility designed to meet the rapidly growing demand for cyber liability...
Jul 7 2015 // The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday.The caller said he was from Coutts, the London-based hedge fund’s bank, and...
Jul 6 2015 // With some four-out-of-10 mid-sized businesses having had a cyber breach in the past three years, it’s no wonder that the take up rate for cyber insurance is rising. And it’s expected to jump even further in the...
Jun 29 2015 // XL Catlin’s Cyber & Technology insurance business in North America is adding additional computer forensic and legal resources to its network of breach response specialists to help clients respond to breach...
Jun 26 2015 // Forty-three percent of mid-sized businesses say they have experienced a data breach in the past three years and 13 percent have had a supplier’s data breach impact their business information.Also, according to The...
Jun 25 2015 // Howden, the London-based international broking arm of Hyperion Insurance Group, and cyber insurance technology specialists Insurisx Inc. have launched a technology-based platform, designed to help clients of all sizes...
Jun 18 2015 // JLT Specialty Insurance Services Inc. (JLT Specialty USA), and Keeper Security, Inc., a password manager and digital vault, have formed a partnership designed to offer clients a tool to protect confidential and private...
Jun 18 2015 // Insurance broker Willis North America announced a series of senior appointments to its FINEX (financial and executive risk) Cyber/Errors and Omissions practice.Adeola Adele has been appointed executive vice president and...
Jun 16 2015 // Many UK firms are failing to adequately assess their customers and trading partners for cyber risk, and are more vulnerable to cyber attacks themselves as a result, according to a study published by Marsh.Marsh’s...
Jun 15 2015 // A state server containing information from North Dakota’s workers’ compensation agency was breached, but it’s unlikely any personal information was stolen, state officials announced.Mike Ressler, the...
Jun 15 2015 // Geoff White, underwriting manager for Cyber, Technology and Media at Barbican Insurance Group, has been elected chairman of the Lloyd’s Market Association’s (LMA) newly created Cyber Business Panel.White was...
Jun 15 2015 // Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday.IT costs came second only to macroeconomic concerns such...
Jun 12 2015 // Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has partnered with security firm Concentric Advisors to offer CyberSafe...
Jun 12 2015 // Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an attack against their firm...
Jun 12 2015 // Risk managers purchasing cyber insurance cite reputational harm, business interruption and data breach response and notification costs as the chief exposures they are trying to address.The Risk Management Society (RIMS)...
Jun 12 2015 // “You would think the first question to ask would be: Do insured parties understand the elements and limitations of coverage?” said Kevin Kalinich, speaking on cyber risk. “The real first question is: Do...
Jun 11 2015 // The U.S. Senate failed on Thursday to advance legislation to strengthen protections against cyber attacks, as Democrats banded together to oppose the measure’s inclusion in a defense policy bill President Barack...
Jun 10 2015 // “For corporate borrowers, as well as Standard & Poor’s Ratings Services’ assessment of credit quality, cyber risk is a growing source of concern, given the increasing frequency of reported...
Jun 9 2015 // Israeli start-up Illusive Networks says it can foil cyber hackers by lulling them into thinking they have found a way to steal data, which is actually fake.The company, set up last year, says algorithms in its software are...
Jun 9 2015 // President Barack Obama vowed on Monday that the United States would aggressively bolster its cyber defenses, as U.S. officials said the probe into a massive breach of federal government networks has yielded growing signs...