cybersecurity News
The Latest Launches From XL Catlin, AXIS and Take1 Insurance
XL Catlin added cyber insurance as optional coverage in its professional liability cover for design professionals. AXIS Capital Holdings will start offering U.S. customers cybersecurity ratings data ...
Cyber Risk and the Threat of the Unknown
As new technology is developed and digital applications are rapidly becoming more prevalent, cybersecurity continues to be an evolving risk and a potential loss area for insurance companies. The ...
Cyber Terrorism a Major Concern for U.S. Businesses
U.S. businesses focused on addressing crisis management in the event of an on-premise terrorist attack may be leaving their information systems vulnerable to a cyber attack. According to The Global ...
Insurance Groups and Others Urge China to Revise Draft Cyber Rules
In a letter addressed to Chinese Premier Li Keqiang, 46 global business groups spanning finance, information technology, insurance and manufacturing urged Beijing to revise its draft cyber rules, ...
Coverage Innovation: Why and How Ironshore Developed a Cyber Warning Endorsement
Computer Hacks. In 60 percent of cases, attackers are able to compromise an organization within minutes, according to the Verizon 2015 Data Breach Investigations Report. Data Loss.Forty-three percent ...
How Modelers Are Responding to Cyber Risk
As the threat of a cyber attack against businesses has grown exponentially in recent years, so too has the cyber risk insurance market. According to Fitch Ratings, despite considerable uncertainty, ...
A Top Priority: Regulators Tackle Cybersecurity
Of all the issues currently facing the insurance industry, perhaps none is more important than cybersecurity. The recent data breaches at four insurance companies focused attention on the insurance ...
Highlights of the Insurance Data Security Model Law
A draft of the Insurance Data Security Model Law was released by the Cybersecurity (EX) Task Force in March. Insurers and others have been commenting on the release through written letters and during ...