cyber risks News
Small Businesses Aren’t Buying Cyber Liability Insurance: Insureon
A big challenge has emerged for carriers seeking to market cyber liability insurance: Most small businesses aren't necessarily buying the product and believe they're doing well enough with ...
Consumers Worry Autonomous Vehicles Will be Vulnerable to Cyber Breaches: AIG Study
As property/casualty insurers contemplate how to insurer autonomous vehicles, a new AIG study reveals consumers worry these cars and trucks of the future are particularly vulnerable to cyber ...
Equifax’s Cyber Insurance Reportedly Not Enough to Address Massive Breach
Equifax Inc.'s insurance against cyber breaches is likely inadequate to cover the credit-reporting company's costs tied to one of the biggest hacks in history, according to people familiar with the ...
Rating the Cybersecurity Rating Firms: How Accurate Are They?
In just a few years, a growing crop of cybersecurity ratings firms has sprouted to assess the vulnerability of businesses to withstand cyber attacks, scoring them on a scale from good to bad. Key ...
Sobering Milestone: Cyber Attack Damage Risks Now Rival Hurricanes
Cyber attacks have reached a point where they could rack up billions of dollars in economic and insured losses, rivaling damage created by hurricanes. This milestone means insurers must start ...
Apple Will Debut China Data Center to Comply With China’s Tougher Cyber-Security Laws
Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month. ...
UK Insurer Aviva Will Launch Cyber Insurance for Small Businesses
British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its ...
Concrete Steps Carriers Can Take to Help Insureds Improve Cybersecurity
Increasingly, businesses are turning to cyber liability insurance to help manage cyber risks. A recent report from Allianz forecasts that cyber insurance premiums will grow from around $2 billion in ...