In December 2023 a report was written for the UK Parliament setting out gaps in UK cyber strategy, policy and delivery that need to be closed.() The enclosed is the formal response from the UK Government to that report. It…
This was a great, well attended event. Discussing the challenges that lay ahead for covered companies, as they work to comply with U.S and EU cybersecurity risk management regulations. It sits nicely with the Quarterly members update given by Lloyds…
This is one of the most important communications on cyber insurance and reinsurance one has viewed in the past few years. It’s the Lloyds of London Q1 Market message (7th March 2024), discussing the material challenges ahead for Lloyds, that…
Blackcat are behind the cyber attack on UnitedHealth, that is effecting electronic pharmacy refills and insurance transaction across the U.S. Effects that are reported to last for several weeks to come. As UnitedHealth has reverted to manual processes and a…
A reminder that on the 29th February Romaine Marshall of Polsinelli, David Smolensky of Resolute Strategic Services, Rick Rosenberry of USI Insurance Services and myself will be presenting to over 250 legal, insurance and cyber professionals. Discussing cyber regulation and its effects on risk transfer,…
Prudential Financial Inc, one of the largest insurance companies in the U.S filed an 8K last week following a data breach earlier in the month. ‘As of the date of this Report, we believe that the threat actor, who we…
It was going to happen, State and Federal investigations into the 2023 cyber attack. MGMs 10K submitted on Friday highlighting some financial challenges. The loss of $100 million following its 2023 cyber attack, while not likely financially material, an investigation…
Good idea, bad idea or the only idea to capitalize the cyber reinsurance market? With expected GWP of between $35 and $50 billion by 2023 (depending on predictions). Cyber reinsurance will require a significant amount of capital unless things change.…
I’m looking forward to presenting with Rick Rosenberry of USI Insurance Services, Romaine Marshall of Polsinelli and David Smolensky of Resolute Strategic Services. A presentation that will pull together a conversation on cyber risk transfer, as cyber regulation shifts cyber…
When one looks over the past 5 years and the growth in frequency, complexity and severity of cyber attacks one wonders if we are quickly approaching a tipping point. A point whereby we, society, will find it difficult to control…
