Travelers joins the queue of insurance companies publishing their annual evaluation of corporate risk. Their 2024 Risk Index identifies concerns over cybersecurity at an all time high. While numbers are always subjective, the survey identifies concerns similar to those identified…
One wonders if the challenges ahead for cybersecurity and risk transfer is not one of insurance price increases. But more one of how boards and CISOs will manage risk transfer? Cyber attack frequency, complexity and severity show no signs of…
Thank you for posting Johnathan Rudy, you raise several important points for the insured when one considers the role of ‘state’, ‘state backed’, ‘cyber war’ and on ‘behalf of a state’. With the introduction of exclusion clauses mention recently by…
An interesting report from an insurance broker evaluating cyber insurance claims and the most frequently cited potential causes. All pointing towards a general lack of proactive management of cybersecurity Left of Bang. One can associate basic cyber hygiene factors of…
A paper worth reading. Munich Re presented recently on the state of the insurance market echoing in part sentiments raised by Lloyds of London in their Q1 2024 Market update. What is of note is cyber insurance; possibly highlighting the…
The challenge for insurers is multi-fold, the industry does not have time on its side when it comes to cyber insurance. Cyber attacks, their severity and complex is increasing at a greater rate that industry can address them. There are…
One does not necessary believe that the question is one of insurers being your friend. The question is one of ‘Is risk transfer your friend’? History shows us that unregulated organisations have typically relied upon insurance as a sole risk…
A joint advisory by agencies in the United States, the Netherlands, Czech Republic, Germany, Estonia, Latvia, Canada, Australia and Ukraine revealed Russia’s Unit 29155 is carrying out cyber operations globally. Since 2022, Unit 29155 has been targeting countries supporting Ukraine.…
Faisal Khan, while many of the stats are dubious. Everyone recognizes cyber as a threat to society, national and corporate security and we see demonstrations of its effects almost weekly. There’s not one corner of the globe that is not…
An interesting report. As the insurance industry comes to terms with cyber risks and our ability to manage them. Its a report that contains some interesting statistics on the size of the cyber risk problem. As ransomware continues to grown,…
