cyber catastrophe News
Verisk’s PCS Classifies CrowdStrike Incident as a Cyber Catastrophe
Verisk's Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event. With the designation, PCS Global Cyber believes ...
Major Cyber Event Could Produce Significant Losses for Some Major Carriers: A.M. Best
Three of the top 20 cyber insurance providers could face "meaningful to significant gross losses" from a single-event cyber catastrophe, according to an A.M. Best report based on modeling conducted ...
Cyber Catastrophe Modeling: Challenges of an Inexact Science
Insurers, their regulators and ratings agencies are increasingly aware of the potential for a catastrophic cyber loss. The aggregation of cyber risk assumed under policies providing affirmative or ...
Public-Private Catastrophe Plan Could Boost UK’s Cyber Risk Resilience: Study
A public-private, cyber-catastrophe reinsurance arrangement would improve the UK's resilience against the growing threat of cyber risks in this interconnected world, according to a recently-released ...