Though cyber insurance is certainly a much needed fallback plan in case of a cyber-attack, it should also only be a backup. There is no substitute for a solid and
The House Homeland Security Committee’s Cybersecurity, Infrastructure Protection, and Security Technologies Subcommittee met on Tuesday to discuss the role insurance can play in cyber risk management. The Chairman of the
The House Homeland Security Committee’s Cybersecurity, Infrastructure Protection, and Security Technologies Subcommittee met on Tuesday to discuss the role insurance can play in cyber risk management. The Chairman of the
Fitch Ratings Inc. has released a report indicating that from a ratings perspective, the uncertainties of covering cyber risks outweigh the benefits of their potential earnings growth. “At this stage,
Under the terms of the Cybersecurity Act of 2015 (CISA), the Department of Homeland Security (DHS) has announced itself ready to launch its automated threat-sharing system, an automated cybersecurity intelligence
As the concept of self-driving cars becomes increasingly realistic and the number of connected cars increases by day, the FBI and Department of Transportation (DoT) have released a public service
As cyber-attacks increase in scale, sophistication and frequency, the need for cyber insurance is becoming a necessity for organizations of all shapes and sizes. However, purchasing a cyber policy can
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