Due to a lack of actuarial data in the cyber realm, insurers have been cautious in entering the cyber insurance field. However, International Data Corporation (IDC) advises mature insurers to
Despite the popularity of the Apple vs. the Government encryption story in the news recently, the Justice Department admitted to a California court that the agency could, in all likelihood,
In 2013, retail giant Target fell victim to one of the most publicized cyber-attacks to date, losing a total of $252 million in the breach. Fortunately, Target had purchased cyber
Upwards of $2 billion was taken in by cyber insurance policy premiums from U.S. companies in 2014, and the number will likely continue to grow in the coming decade as
Insurance Services Office Inc. (ISO) has issued a voluntary request to collect cyber insurance premium and loss detail information from P&C insurers. More specifically, “the ISO circular seeks scores of data
While the general topic of cyber has not played a major role in the Presidential election thus far, Ohio Governor and GOP Presidential hopeful John Kasich recently announced that if
Senators Richard Burr and Dianne Feinstein, the top Republican and Democrat on the Senate Intelligence Committee, have announced their plans to release a bill giving authorities access to encrypted data.
Due to the difficulty to access the risk, Brian Duperreault, CEO of Hamilton Insurance Group, has announced that Hamilton is not currently covering cyber-attacks, explaining, “At Hamilton, we’re taking a
The Cyber Information Sharing Act (CISA), which finally became law in December and encourages reciprocal sharing of cybersecurity data breach and cyber threat information between the federal government and the
A recent Accenture survey suggests that while knowing your exposure to cyber-risk is critical, most companies across all sectors fall short in doing so, leaving the company and its customers
