Analysis – Page 7
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Analysis
EU’s proposed Cyber Resilience Act a ‘strong start’
However, the proposed regulation for smart devices need amending to avoid stifling innovation with high compliance costs
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Analysis
Amrae welcomes proposals to resolve cyber capacity crunch
Risk association welcomes “major milestone for the cyber resilience of the economy” and calls for rapid action
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Analysis
Cost of living crisis drives greater fraud volume
Difficult economic conditions are leading to higher levels of fraud from non-traditional perpetrators
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Analysis
Insuring the transition
The industry has a ‘once in a lifetime’ chance to support the transition to Net Zero. So what are we waiting for?
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Analysis
Battery fires in shipping a significant safety issue
All parties in the supply chain must understand and mitigate risks of transporting lithium-ion batteries - AGCS
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Analysis
‘Zero trust’ a top priority for 80% of C-suite
Amid growing cyber threats and changing work environments, decision-makers are embracing a ‘zero trust’ mentality
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Analysis
Insurance facility launches to cover green and blue hydrogen project risks
Investment in green and blue hydrogen initiatives is estimated to exceed $150 billion by 2025
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Analysis
Cyber: Hitting pause
At below $10 billion, why has the cyber re/insurance market failed to live up to its potential?
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Analysis
Russia and China behind majority of state-sponsored cyber attacks
The private sector suffered from 37 state-sponsored cyberattacks so far in 2022 as hackers target companies for monetary gains
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Analysis
NHS hit by massive ransomware attack
The latest attack on the NHS 111 system has been confirmed to be a ransomware attack on a managed service provider
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Analysis
Cyber 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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Analysis
CISOs 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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Analysis
Ukraine 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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Cyber: 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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Analysis
Fire/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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Analysis
The 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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Analysis
Tech 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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Analysis
Insurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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Analysis
CFC 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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Analysis
Cyber extortion grows in sophistication, warns Beazley
Data exfiltration is now prevalent in a significant majority of incidents as extortion techniques become increasingly complex