Analysis – Page 11
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Analysis
Cyber 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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Analysis
Cyber 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
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Over half of employees are falling victim to spear phishing
Cybercriminals are turning to social engineering in increasingly sophisticated attacks
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Healthcare sector hardest hit by 2021 cyber attacks – Marsh
Data breaches and ransomware accounted for 51% of cyber incidents for the broker’s London clients
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Airmic 2022: Russia-Ukraine conflict triggers cyber risk shift
Russian hacker groups rebranding is among the changes that have occurred in 2022
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Cyber risk tops Airmic 2022 survey
Geopolitical risk, climate and supply chain failure are other major concerns for UK risk managers
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Unpicking the motivations of criminal cyber threat actors
State-sponsored actors are among the most significant and concerning to potential victims of cyber crime
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Ukraine war and cyber resilience temper ransomware
Companies’ risk management investments appear to be paying off with ransomware frequency data showing notable moderation
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UK audit reform proposals ‘long overdue’
For the first time, the largest private companies – not just those listed on the stock exchange – will come under the scope of the regulator
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IIA: Businesses facing perfect storm of risks
Conflict in Ukraine has exacerbated the severity and range of risks businesses are now grappling with
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CyberCube launches cyber incident response service
Through partnership with Kroll it will offer guidance on major cyber aggregation events
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Analysis
Business leaders lack confidence in ability to manage cyber risk
Just 43% of respondents have conducted a risk assessment of their vendors or supply chains - Marsh
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UK cyber rates increased by more than 30% in Q1 – Aon
Underwriting cyber risks remains ‘time consuming and demanding’, according to the broker
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Businesses brace for cyber attacks as NATO expands
There is further risk of Russian cyberattacks and market volatility as Finland and Sweden apply to join NATO
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Firms fear cyber attack insolvency
Threat of insolvency is a real threat given increased frequency and severity of attacks
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Andy Burnham: Managing risk is an “ongoing reality”
Manchester mayor says ’challenging norms’ will help manage risks moving forward
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Remembering WannaCry, five years on
The attack highlighted the potential systemic impact of ransomware and indiscriminate nature
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Firms face heightened risk of fraud
82% said their organisations had been significantly impacted by fraud and illicit activity - Kroll
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Net Zero could double size of London market
Supporting insureds on their transition journeys could generate $125 billion by 2030 - LIIBA
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Financial firms fear advanced cybercrime
Cyber threats, macroeconomic change and geopolitical turbulence will shape emerging risk landscape