cyber risk News
Many Small Businesses Not Familiar With Cyber Insurance: Celent
The cyber insurance market continues to expand—hitting $3.6 billion in direct written premiums in 2018, according to NAIC data—but awareness of the coverage still has room to grow, says a new ...
Corvus CEO Edmundson: InsurTech and Cyber Cover Offer a Potent Mix
Cyber continues to be a fast-evolving risk. But Phil Edmundson, founder and CEO of the Boston-based InsurTech-focused managing general agent, said his company's strategy takes that into account. "The ...
U.S. Manufacturing Group Reportedly Hacked by China as Trade Talks Intensified
As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for U.S. manufacturers that has helped shape President Donald ...
Fitch Highlights Cyber Risks of Quantum Computing
Although the lightning fast speeds of quantum computing will provide many benefits to insurance carriers, there's also a big down side: increased cyber risk, Fitch Ratings noted in a recent briefing. ...
Execs Tasked With Cyber Risk Management Spend Little Time on Task: Marsh
A majority of busy board members and senior executives who are responsible for their organization's cyber risk management spent less than a day in the last year focusing on cyber risk issues, ...
Municipality Cyber Risks Deepen With Oklahama Pension Fund Hacking
Oklahoma has joined the ranks of state and local governments struck by hackers, fueling concerns about the escalating risk of such attacks on municipalities. The Federal Bureau of Investigation is ...
Moody’s, Israel’s Team8 Link Up to Create Global Cyber Risk Assessment Standard for Businesses
Ratings agency Moody's Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global ...
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 ...