cyber risk News
Beyond Zeros and Ones: When Cyber Attacks Become Physical
When people think of cyber attacks, they might think of things like phishing, ransomware or data theft. But increasingly, something called cyber-physical attacks are making their way into the ...
ILS Investors Could Help Fill Cyber Re/Insurance Protection Gap if Hurdles Are Overcome
The cyber re/insurance protection gap provides an opportunity for insurance-linked securities (ILS) investors, which historically have filled the gaps where traditional capital has either retrenched ...
Inside Out: How Exit Crime, Insider Threats Create Challenges for Insurers
There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just as scary and perhaps a little more ...
Cyber Pirates Prowling Ship Controls Threaten Another Big Shock
In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the U.S. Coast Guard. Though the malware attack never controlled the vessel's ...
It’s Personal: How Carriers Can Use Behavioral Analytics to Manage Cyber Risk
The cyber insurance market is in the midst of a reckoning after years of low premiums and inadequate loss control have led to increasing claims frequency and severity. Now, demand for coverage is ...
Keeping Up With Demand for Cybersecurity Professionals
The pressure was on. Someone, somewhere, was attacking computer systems so customers couldn't reach certain websites. In a windowless room in Denver, Zack Privette had worked all morning with his ...
Cyber Insurance Premiums Up 27.5% to Lead All Lines in Q1: CIAB
According to The Council of Insurance Agents & Brokers' (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could ...
Capacity Crunch in Cyber Expected to Continue, Says CyberCube’s Baker
Cyber insurance is experiencing a capacity crunch right now, and although that is expected to continue through at least the end of the year, it's not all bad news, according to Brittany Baker, senior ...