cyber insurance News
Cyber Attacks Added to List of Municipal Bond Credit Risks
Huge pension debt. Crumbling infrastructure. Climate change. Now add cyberattacks to the list of things that municipal bond investors should worry about. The recent ransomware attack that shut down ...
CFC Designs New Broker Platform for Its Cyber Insurance Products
Specialist Insurer CFC is debuting a new broker platform designed to facilitate the sale of its cyber insurance products to small- and medium-sized businesses. The idea is that London, UK-based ...
Down From Heady Highs, the U.S. Cyber Insurance Market Still Grew 8 Percent in 2018
The U.S. cyber insurance market dropped from robust, double-digit growth in 2017 to a still-healthy single-digit increase in 2018, Fitch Ratings said. For 2018, direct written cyber premiums grew 8 ...
WhatsApp Urges Users to Download Update After Spotting Software Vulnerability
WhatsApp pressed users to update its messaging service, following a report that a vulnerability in the software allowed attackers to hack into people's phones using commercial Israeli spyware. The ...
Accounting Firm Shows How Not to Handle a Cyber Hack
Dutch company Wolters Kluwer NV makes the software on which many of the world's small and mid-sized accounting firms run. Earlier this week, a cyberattack took down that software and presented a case ...
Scor CEO Calls for ‘Richter Scale’ for Cyber; Sees Costs Soon Topping Disasters
Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a ...
Cryptocurrency Exchange Giant Reports Hack Attack
Binance, one of the world's largest cryptocurrency exchanges, said hackers withdrew 7,000 bitcoins worth about $40 million via a single transaction in a "large scale security breach," the latest in a ...
Financial Institutions Spend Plenty on Cybersecurity, but Money Isn’t Everything
Cybersecurity is becoming a costly endeavor for insurers and other financial institutions, but plan design and implementation can matter even more, according to a report released recently by Deloitte ...