Analysis – Page 5
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Analysis
When the lights go out
As Europe heads into a ‘Winter of Discontent’, how can risk managers plan for the worst, and coldest, of the energy crisis?
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Analysis
Airmic: Risk management is a ‘two-way street’
Association responds to Munich Re’s calls for pricing discipline; Says members should be “recognised and rewarded” by insurers
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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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Analysis
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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Analysis
Ransomware: Business is booming
Ransomware is forecast to cause $30 billion in damages by 2023, warns AGCS
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Analysis
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
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
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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Analysis
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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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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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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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’
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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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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
‘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