As cyber attacks become more and more common corporate boards are coming under increasing fire from shareholders for not doing enough to defend against or mitigate damage resulting from a cyber attack.
In the last couple of weeks, cybersecurity firms WhiteHat and FireEye have begun to roll out product liability protections for their customers.
According to the Association of British Insurers, “cyber insurance should become as common a purchase for UK businesses as property insurance within the next 10 years.”
“It’s one of the fastest growing product lines in the commercial insurance sector, and it’s frustrating as hell,” said Ken Crerar, President/CEO of The Council in a recent Leaders Edge article.
Swiss Re Corporate Solutions and IBM are teaming up to develop what they believe will be a “market leading solution that focuses on pre-breach preparation as opposed to being purely aimed
They are…
Last week Sony Corp. and Zurich America Insurance agreed to an undisclosed settlement connected to the 2011 hack of Sony’s PlayStation Network.
Cyber risk was a key topic at last week’s RIMS 2015 Conference in New Orleans. A panel of underwriters and brokers quickly “zeroed in on cyber security as an area driving new
A recent co-authored report from Marsh and the UK government “has found that just two percent of UK firms have cyber-insurance, despite 81 percent of firms admitting that they’ve suffered a
According to a recent KPMG survey, distrust with insurers is leaving companies vulnerable to cyber threats. The top reason for the nearly 80% of organisations belonging to KPMG’s International Information Integrity Institute
