cybersecurity News
Experts Expect Simultaneous Cyber Attacks on Multiple Companies: AIG
Nine in 10 global cybersecurity and risk experts said they believed that cyber risk is systemic and that simultaneous attacks on multiple companies were likely in 2017, according to a study by ...
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 ...
Implications of NYDFS Regulations on Cyber and D&O Exposure
March 1, 2017 marks the effective date for the first-of-their-kind cybersecurity regulations from the New York Department of Financial Services (NYDFS). The regulations, which will be phased in over ...
NY Regulator: States Should Use Its Cybersecurity Rules as Template
A group of U.S. state insurance regulators should use New York's sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber ...
New AIG Cybersecurity Product to Help Protect Wealthy Clients Against Personal Data Theft
American International Group is joining insurers offering products that offer consumers safeguards against hackers and cyber criminals who might steal personal data. The U.S. insurer plans to roll ...
Willis Towers Watson’s New Cyber Risk Assessment Tool: An Employee Survey
While many businesses rely on technology to assess their cyber risks, Willis Towers Watson believes an employee survey could help make the task more successful. The consulting firm and broker is ...
Pending New York Cybersecurity Regs Risk Raising Loss Potential: Fitch Ratings
New cybersecurity regulations in New York could raise loss potential for insurers, even as they fuel premium growth for both the cybersecurity and directors and officers sectors, Fitch Ratings said ...
Pay Up or Else: Digital Piracy
Ransomware has featured prominently in the news over the last few years. Hospitals, law enforcement agencies and even individuals have been affected by it. Some have paid the ransom and recovered ...