cyber risk News
Marriott CEO Will Testify Before U.S. Senate Panel On December Data Breach
Marriott International Inc Chief executive Arne Sorenson will testify before a U.S. Senate panel Thursday about a hacking incident it reported in December that exposed the records of up to 383 ...
Small and Midsize Businesses at Higher Risk of Cyber Attack, Chubb Warns
Small and midsize businesses are much more likely to experience cyber attacks than large companies. In fact, 62 percent of all cyber crime targets are small and midsize businesses. It costs, on ...
Germany’s Manufacturers Sustain Nearly $50B in Cyber Attack Costs: Study
Two thirds of Germany's manufacturers have been hit by cyber-crime attacks, costing industry in Europe's largest economy some 43 billion euros ($50 billion), according to a survey published by ...
British Airways Data Hack Exposes Airline to Fines Under New EU Data Rules
British Airways may become the first high-profile company to run afoul of Europe's far-reaching data privacy rules -- and face potentially hefty fines -- after a computer hack compromised credit card ...
UK Financial Firms Ordered to Prepare Readiness Plan for Possible Cyber Attacks
Many U.K. financial firms don't have a Plan B to fall back on if they're hit by a cyber attack. The Bank of England wants to change that. Financial regulators told firms to come up with a detailed ...
How Cyber Accumulations Affect Insurers’ Books
More companies are implementing cyber risk management strategies and considering cyber insurance. As a result, experts are projecting premiums for such insurance protection to reach $7.5 billion by ...
Risk Managers Worry Over Multiple Cyber Risks and Coverage Gaps
Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift ...
Now Available in 42 States: ISO’s Cyber Insurance Program
ISO's cyber insurance program is now available to insurers in 42 states and U.S. territories. The ISO program features advisory loss costs using 17 different rating variables, which the Verisk ...