Analysis – Page 18
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AnalysisSMEs are ‘most vulnerable’ to cyber attack
Cyber criminals consider SMEs a ‘sweet spot’ due to their lack of security controls and poor cyber hygiene
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AnalysisInternal failures drive cyber claims frequency
Business interruption is the main cost driver behind cyber losses, accounting for around 60% of the value of all claims - AGCS
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AnalysisGlobal ransomware attacks rise 110% in September
Overall, there was a 40% rise in ransomware attacks in the first three quarters of 2020 compared to the same period last year
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AnalysisSilent cyber: Can you hear it?
With events such as WannaCry classified as a cyber catastrophe event, silent cyber issues have developed into coverage disputes
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AnalysisCyber: Staff admit to risky behaviour
Home working has increased cyber vulnerability, with 73% using company-issued devices for personal matters - Mimecast
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AnalysisTerrorism pools focus on systemic risk
New and emerging threats in the terrorism landscape, including the emerging CBRN threat and hostile cyber, were discussed during the virtual event
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AnalysisICO fines British Airways £20m for data breach
It is the Information Commissioner’s biggest data breach fine to date and falls under the GDPR regime
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AnalysisCyber insurance transparency key to growth
PCS has launched a new data set to help the cyber insurance sector manage risk and capital more effectively
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AnalysisConduct risk rises for financial firms
The pandemic is driving concern over mis-selling and improper business practices in the financial services sector - ORX
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AnalysisH&M hit with record-breaking GDPR fine
The Swedish fashion house has been fined over €35m for breaching EU GDPR laws in a landmark ruling
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AnalysisDAY 2: Responding to climate change
2020 is a landmark year for climate change action. Speaking at the virtual Airmic Fest conference, Matt Scott, senior director, Climate and Resilience Hub at Willis Towers Watson at Willis said that data shows that unless we have a significant reduction in greenhouse gas emissions starting today, “we may well ...
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AnalysisCOVID-19 is fuelling cyber losses
Risk professionals believe the cause of losses will be divided almost evenly between data breach, ransomware, and business interruption
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AnalysisDAY 1: How to manage the rise of pandemic fraudsters
The Covid-19 pandemic is accelerating the risks of fraud and businesses must be on their guard. Two experts analyse how the threats are evolving and how risk managers can mitigate them
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AnalysisTwitter hack exposes potential for reputational harm
The confluence of COVID-19 and advanced social engineering techniques poses a growing threat - CyberCube
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AnalysisShipping losses at record low
Consequences of coronavirus and a sustained economic downturn could however threaten long-term safety improvement
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AnalysisCybercrime to cost global economy $6 trillion by 2021
UK, Germany and France among the countries most targeted by significant cyber attacks between 2006 and 2020 - Specops
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AnalysisCost of third-party incident up to $1 billion - Deloitte
Losses associated with supply chain failure, data privacy breach or disruption to IT services have at least doubled in the last five years
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AnalysisFirms must change cyber security approach
The traditional approach to cyber security must be replaced by something that is more user-centric - Aon and CyberCube
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AnalysisFERMA survey highlights digital and climate risks
Risk managers’ rising status offers new opportunities for them to influence the C-Suite - FERMA
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AnalysisFirms urged to consider cyber risk as offices reopen
“The focus is on opening safely and a top priority is an organisation’s cybersecurity and data governance needs” - BSI
