A newly released report backed by security consulting firm Herjavec Group estimates cybercrime will account for $6 trillion of annual damages by 2021. To put it into perspective, cybercrime has
Due to China’s involvement in United States’ cybercrime, which costs U.S. businesses an estimated $100 billion per year, cyber expert Fred Tsai has proposed a mutual $2 billion insurance fund
What do terrorism, conventional crime, natural disasters and political instability have in common? Ray Kelly, vice chair of K2 Intelligence and former police commissioner of the NY Police Department, says
The HHS Office for Civil Rights (OCR) has announced plans to begin investigating smaller health care data breaches as cybercrime on the health care sector reaches an all-time high. Due
Reporters working for the New York Times have recently been targeted in a series of attempted cyber breaches with strikingly similar characteristics as the attacks carried out against Democratic Party
The lack of actuarial data and the unpredictability of cyber risks have many insurance companies wary of jumping head first in the cyber insurance game. While most of the major
Due to a significant increase in high-profile data breaches in 2016, Aon claims to have brokered more cyber policies to Australian organizations in the first half of this year than
Guy Carpenter & Company recently announced plans to partner with cybersecurity firm Symantec Corporation to create a cyber aggregation model. The model aims to “include a comprehensive catalogue of cyber
When asked to grade the average insurance agent’s knowledge of cyber insurance and cybersecurity, Eduard Goodman, chief privacy office of identity theft protection for IDT991, gave them a grade of
Despite the health care sector being one of the most sought after industries in regards to cyber-attacks and data breaches, nearly 32 percent of hospitals and over half of non-acute
