Analysis – Page 6
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Analysis
RIMS supports proposals for US cyber insurance backstop
Federal risk pool proposed to insure large-scale catastrophic cyber incidents must be well crafted, says risk association
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Analysis
Buyers call for clarity over cyber war exclusions
Zurich-Mondelez dispute highlights need for insurers to be clear on ‘war’ cover with customers
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Plugging gaping holes in protection
Does the creation of a mega captive in Europe reflect poorly on commercial insurers, and what are the risks involved?
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Analysis
Taking a zero-tolerance approach to cyber hygiene
The drive to digitally transform is resulting in gaps and weak links in the fight against the cybercriminals
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Three in four large firms hit by cyber attack since 2019
Indirect losses, such as reputation damage or ransoms paid by an insurer, were actually often more costly than the initial incident itself
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Three ways of increasing cyber insurability - sigma
There is currently a protection gap of around 90% due to the uncertain nature of systemic risk
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Fraudsters target professional services firms
Claims caused by fraudulent instruction and business email compromise are on the rise - Beazley
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Ransomware: Business is booming
Ransomware is forecast to cause $30 billion in damages by 2023, warns AGCS
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Don’t leave the ‘door open’ to cybercriminals, warns ICO
Regulator fines a UK construction firm £4.4m for data protection breach caused by ‘complacency’
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Analysis
Green transition to drive construction growth of $5.6 trillion
Energy transition and green investment will be major contributors to infrastructure growth over the next 15 years
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Lloyd’s finds ‘no evidence of compromise’ following suspected cyber attack
The market has been advised that it can now restore its network services
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Analysis
Prioritising ESG improves legal, regulatory risk
As tighter regulation comes into play, firms must extend their focus around ESG internally and within their wider value chain
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Analysis
Beazley warns of cyber risk complacency
An uncertain geopolitical risk landscape could be one source of distraction as cyber resilience deteriorates
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Ferma: Panel tackles $10 trillion cyber accumulation
European risk managers faced up to insurance bosses as they discussed the ‘industrialisation of crime’
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SR Q3 2022: Inflation - staying grounded
Even the risk community isn’t keen on trying to predict the next crisis, as each one seems to have a cascade effect
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Pinning down inflation effects
Soaring inflation is creating issues on many levels - but there are things you as a risk manager can do
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Analysis
Revolut hit by ‘highly targeted’ cyber attack
Fintech pet insurer has become the latest firm to be hit by cyber attack, after an employee was targeted with phishing
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Analysis
UK regulations have ‘suffocated’ London’s competitive edge
The news comes as Prime Minister Liz Truss is set to announce sweeping reforms to the financial services industry
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Analysis
Holiday Inn hotel chain hit by cyber attack
Hotel chains are often targets for cyberattacks due to the data they hold, says Coalition’s head of insurance
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Analysis
Smaller firms are becoming bigger targets for cyber criminals – Coalition
The cyber insurer’s head of claims says ’small businesses are especially vulnerable because they often lack resources’