Thank you for posting Olaf Classen. This cybersecurity risk management report by Munich Re paints a dire picture of organizational cybersecurity. From a sample size of 7,500 people across 15 countries. 87% of all C-level respondents report that their company…
This is dangerous for so many reasons, and has all the hall marks of crypto and NFTs 2. Firstly can anyone say what cybersecurity risk management looks like? Secondly according to Munich RE 87% of the C-level respondents reported that…
Cybersecurity is the flavor of the month: A very important update from U.S security services to the Senate. We’re on day 3 of the month and at least 3 committees have started to lift the lid on cybersecuirty. Be that…
Cyber insurance requires a new approach, without a doubt. But is a backstop one answer. One only has to look at the recent attack on United health and its effects across the U.S healthcare industry and the ratcheting up of…
For those with an interest in the recent United Healthcare cyber attack the enclosed will be of interest. As the CEO of United Health has been asked to attend testify in front of the U.S Senate Committee on Finance and…
The cyber insurance and reinsurance market is complex. A vast majority of companies that are affected by cyber threats are still working out how best to manage cyber risk. While the percentage of companies that use cyber insurance is difficult…
Cyber insurance has been relied upon as a significant and predominant risk transfer tool for companies for years. However, insurers have implemented exclusion clauses and caps to manage their exposure. At the same time cyber attacks have increased in frequency,…
A great discussion of the SEC final cyber rule, materiality and D&O insurance. The question of materiality and the SEC Final rule is a complex one. It applies to the Left and Right of Bang evaluation of Risk. Left through…
In ones view the cyber and D&O insurance industry faces a problem. Namely where is it going to get the cash to handle claims and regulatory capital, if it expects to grow GRW premiums to the much reported figures? As…
Cyber risk still remains a top concern for CROs of insurance carriers, with insurance and technology risk sitting in the top 5 risk concerns. Human capital risk is also ranked high over a one-year outlook as attracting and retaining talent…
