Gerry Kennedy this is a great question for a Sunday from the Actuarial community, with a balanced answer. Should states help with cyber risk? One believes the answer in the short term is a resounding NO, but it could be…
One may suggest that the lines are not so much blurred, rather they do not exist as cyber, as digitial is now integral to warfare both kinetic and digital. That when used with kinetic warfare amplifies the disruptive effects of…
Cybersecurity is a conundrum…………….. Cyber attacks are on the rise, if correct 2024 presents a 30% y-o-y increase in cyber attacks; Technological innovation has leapt out the gates with the introduction of AI, a tool being used by threat actors…
Where will the capital come from to underwrite cyber risk? Cyber is an unpredictable risk, expensive risk and difficult risk to management. Ransomware attacks continues to rise, the costs of managing cyber risk are increasing and there’s not enough resources…
Insuring cyber is becoming a issue of differentiation for insurers, but that was only every going to be thus. With a focus on cyber incident response insurers have found it difficult to model cyber risk. There’s no correlation between cyber…
One would love to know the +/- 3 standard deviations of this figure to get a feel for the spread. One wonders if and when governments will ban insurers from paying ransomware? @Thaddeus Dziekanowski Veritas GRC #cybersecurity #cyberriskmanagement View Original…
Here in lies a problem for the insured, insurer and governments, being caught in the ransomware doom loop, or as one calls it damned if you do damned if you don’t loop. 99% of companies by number are SMEs, they…
European Supervisory Authorities the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority appoint a director to lead the oversight of critical third party providers, established under the EU Digitial Operational Resilience…
There is no doubt that ransomware is a significant problem for industry. Least of all the damage it does to companies that get hacked and their data encrypted. Leading to a broad range of outcomes including national, corporate and social…
A very important moment for U.S cybersecurity regulation, and an important moment for executives of U.S healthcare companies responsible for cybersecurity. As Senators. Ron Wyden, and Mark Warner put forward a Bill to amend the Health Insurance Portability and Accountability…
