cyber insurance News
Executives On The Move at Chubb and AXIS Capital Holdings Ltd.
Chubb promoted a key executive to handle claims operations for Europe and Eurasia & Africa. AXIS Capital Holdings hired two new executives – veterans of Swiss Re and Ascent Underwriting – to ...
A Large Swath of Businesses Remain Ill-Prepared for Cyber Attacks: Hiscox
A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber attacks. Fewer than one-third ...
Ransomware Attacks Quadrupled in 2016; They’ll Double in 2017: Beazley
Specialty insurer Beazley, which offers data breach response insurance, said its specialized breach response unit saw ransomware attacks quadruple in 2016 and the insurer projects they will double ...
Shipping Insurance Policies Fall Short, Exposing Industry to Cyber Threats
Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through ...
Hackers Will Become More Cunning in 2017 as Cyber Risks Intensify: Report
Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according ...
Proposed Cyber Security Regs Eased in New York After Industry Complaints
New York state's financial regulator on Wednesday issued a revised proposal for the nation's first cyber security rules for banks and insurers, loosening some security requirements and delaying ...
Yahoo Discloses Second Massive Hack Attack; More Than 1 Billion Hit in 2013
Yahoo! Inc. disclosed a second major security breach that may have affected more than 1 billion user accounts, another blow to the company's reputation as it nears the sale of its main web businesses ...
Communications, Media, Tech Firms’ Risk Awareness Higher Than Actual Preparedness: Marsh
A large number of communications, media and technology companies see their risks becoming more complex or larger in the years ahead. While that awareness is high, however, protection and preparedness ...