The insurance industry has the unique opportunity to build the cybersecurity landscape. Congresses’ inability to pass and implement cybersecurity policy has opened the door for the insurance industry to “move
AIR Worldwide, a catastrophe risk modeling firm, recently announced that it was partnering with BitSight Technologies and Risk Based Security, two security risk and cyber data providers, to create an advanced cyber
According to USA Today, hackers successfully breached the Department of Energy 159 times between 2010 and 2014.
Cyber liability claims dominated the conversation at the annual National Association of Professional Surplus Lines Officers’ (NAPSLO) convention in San Diego, CA. According to David Bresnahan, executive vice president, casualty at Berkshire
Business Insurance and Bloomberg report that AIG and Axis Capital Holdings Ltd. have been providing insurance coverage for extramarital affairs website Ashley Madison.
Socius Insurance Services, Inc., management liability and property/casualty insurance wholesaler, has announced the launch of a new cyber program for small businesses, reports PR Newswire.
Two Washington, DC based firms, The Carlyle Group and The Chertoff Group, are teaming up to purchase a majority stake in Coalfire Systems Inc., a global cybersecurity and technology services provider based
According to the 2015 Fraud Mitigation Study commissioned by the LexisNexis Fraud Defense Network, “cyber criminals do not choose one industry over another when it comes to committing fraud. In
The reinsurance industry is looking for more data to help create probabilistic models for cyber risk, similar to the models currently used for natural disasters.
ABA Insurance Services has launched a new cyber liability and privacy insurance policy with the purpose of helping banks “protect themselves against data breaches and related threats.”
