Analysis – Page 4
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Analysis
SMEs more exposed to cyber-attacks as resilience grows, finds BCI
Phishing and spear phishing remain the most frequent form of cyber-attack, but ransomware is ranked second most disruptive
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Remote cyber attack shuts down Spanish hospital
The attack on the Hospital Clinic de Barcelona was orchestrated from outside of Spain by a group called RansomHouse
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Cyber expert shares top 10 social engineering techniques
The watering hole, piggybacking, dumpster diving, and other social engineering attacks threatening employees
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EU Manufacturers' liabilities grow under the Cyber Resilience Act
All new products will require a cyber risk assessment, followed by continuous monitoring and patching of vulnerabilities
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Captives hailed as hard market solution for cyber, D&O
Captives provide much-needed capacity as traditional carriers reduce limits, increase exclusions, and/or increase pricing
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Analysis
London cyber decoys attacked 91 million times in a month
Russia was the single largest source of attacks followed by Bulgaria, Monaco and Panama
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Brit increases cyber consortium capacity by 50%
Product is designed to protect clients from the impact of physical damage arising from cyber-attacks
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China spy balloon: Inflating tensions
The balloon controversies come just as the US and China were attempting to stabilise relations
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Potential targets warned in VMware ransomware campaign
The majority of impacted ESXi servers are in France and Germany with at least a dozen universities impacted
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Ukraine victim to 29 state-sponsored attacks in 2022
Rise of state-sponsored cyberattacks poses a significant threat to the stability of our interconnected world
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Risk managers voice concern over sensitive data stored by cyber insurers
Airmic members say the “gold mine” of sensitive data they share with underwriters could present a security risk
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Supply chains: Building slack into the system
How do you manage supply chain risk effectively in a world of constant disruption?
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AI: Friend or foe for risk managers?
AI brings the promise of progress and threat of disorder, as the launch of ChatGPT demonstrates
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Insurers monetise intangible assets for IP product
Aim is to develop a trade secret protection ecosystem as the value of unprotected intangibles grows
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Ransomware: UK, Germany and France among most attacked nations
Construction was the most targeted sector overall with critical infrastructure affected in just over half of the attacks
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Risk Benchmarking Survey 2023: Great expectations
After three years of global shocks and turmoil, senior managers are more engaged than ever in risk management
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Commercial insurance rates continue to moderate, says Marsh
Cyber rates continue to rise at slower pace; financial and professional rates fall for a second quarter
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Beazley reveals 13% rise in cyber fraud claims
Organisations must get smarter about educating employees to spot fraudulent tactics
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Governments under attack as cyber threat grows
Russia’s use of cyber warfare in Ukraine to supplement its traditional war machine was among the most damaging in 2022
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WTW launches new cyber facility as ‘ransomware crisis’ continues
Broker offers up to $50m of Lloyd’s excess layer capacity, as firms continue to cite cyber risks as a top priority