cyber risks News
Cyber Security a Challenge for Insurers: A.M. Best
Thirteen percent of respondents to A.M. Best's Fall 2014 Insurance Industry Survey admitted that their companies had been the targets of data breaches or cyber attacks. Larger companies appear much ...
Guy Carpenter to Broker Business Cyber Privacy Coverage
Guy Carpenter & Company LLC said it brokered a new cyber privacy and network protection coverage targeted to small-and medium-sized companies, a move that comes as cyber security violations are ...
Target’s Cyber Attack Fallout Cost $148M in Q2; $38M to Insurers
Target Corp., the retailer that chose a new chief executive officer last week, said second-quarter profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to ...
ACE Group Beefs Up European Cyber Risk Insurance Practice
ACE Group recently took a number of steps to beef up its cyber risk insurance practice overseas, underscoring the increasing demand for coverage in this area. The company, one of the largest ...
Botnet Viruses Heighten Computer Hijacking Risk
The threat posed by criminal hackers who use networks of secretly hijacked computers has increased "dramatically" over the past several years, a top U.S. Justice Department prosecutor testified ...
World Cup Corporate Sponsors May Risk Cyber-Attack
The hacker group Anonymous is preparing a cyber-attack on corporate sponsors of the World Cup in Brazil to protest the lavish spending on the soccer games in a country struggling to provide basic ...