Analysis – Page 10
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AnalysisCyber rate rises of 300% ‘not uncommon’ - Miller
Despite ‘no material change in exposure’, insurers are upping premiums by 100% on average and reducing capacity
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AnalysisCISOs face burnout as ransomware threat continues
A third of organisations experience a ransomware attack at least once a week, with impacts on security professionals’ wellbeing
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AnalysisUkraine fall-out and new ransomware tactics elevate cyber risks
The maritime sector and satellite infrastructure are sectors most likely to be targeted by cyber criminals
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AnalysisCyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Convention
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AnalysisFire/explosion and nat cats remain top drivers of claim severity
Contingent BI claims spike due to broken supply chains, cyber claims remain elevated and inflation will add to claims severity, finds AGCS
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AnalysisThe metaverse will support ‘shift from risk indemnity to risk mitigation’
Use of the metaverse for the insurance sector is “evolving at pace”, says Accenture’s global insurance lead
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AnalysisTech is key to tackling financial fraud - FCA
FCA CEO Nikhil Rathi says data and technology are essential to fighting the rising tide of fraud
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AnalysisInsurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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AnalysisCFC issues ransomware warning to SMEs
The ‘BazarCall’ attack is responsible for an increasing number of malware infections observed by CFC over the past three months
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AnalysisCyber extortion grows in sophistication, warns Beazley
Data exfiltration is now prevalent in a significant majority of incidents as extortion techniques become increasingly complex
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AnalysisFERMA calls for EU-level cyber resilience push
Paper draws attention to the ‘cyber insurance gap’ and ongoing treatment of captives under Solvency II
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AnalysisNCSC warns CISOs of staff burnout during Russia-Ukraine conflict
Businesses must prepare for the ‘long haul’ against a backdrop of increased cyber threats
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AnalysisCost of living crisis fuels risk of fraud
Amid “perfect conditions” for fraud to flourish, boards must improve controls and better harness the skills of internal auditors
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AnalysisSupply chains are losing the ‘ability to absorb shocks’
Erosion of traditional buffer mechanisms to ensure continual supply of goods demands a new assessment of potential risks
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AnalysisCyber security remains “chief risk” for IT audit teams
War-related cyberattacks are on the rise and the surge of sophisticated ransomware attacks is ongoing, warns research
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AnalysisAmrae: Cyber remains a volatile class of insurance
Renewal negotiations should be less tense in 2022 with cyber underwriters seeing fewer claims and a return to profitability
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AnalysisLloyd’s warning over state-sponsored cyber attacks
Cyber attacks targeting critical infrastructure rose from less than 10 in 2013 to almost 400 in 2020
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AnalysisHalf of consumers have been exposed to fraud - Experian
Seventy percent of businesses say preventing fraud is their top concern as most consumers expect to increase online activity
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AnalysisCyber correction creates a ‘more sustainable’ market – BrokerFest 2022
The importance of cyber essentials and protecting your supply chain has never been more apparent, say experts
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AnalysisCyber war exclusions boost likelihood of claims litigation
A lack of standard, battle-tested definitions in cyber policies makes litigation more likely amid the conflict in Ukraine, warns Moody’s
