I would welcome any thoughts on ‘cyber insurance shifts to a buyer friendly market’. Cyber is no longer a FUD debate, that pushed organizations to take on cyber insurance as a main risk transfer tool. It is a very real…
An interesting discussion at the G7, to push Australia, the United States, India and Japan â¬Åto break the business model of ransomware criminal groups⬠Ransomware is without any doubt a significant issue for Quad four countries (and others), and the…
Regulatory capital is challenging to predict for financial services organizations. Credit risk is relatively straight forward, operational risk is mainly internally focused. Cyber risk for insurers however is a different challenge, how do you identify the impact of a cyber…
A further example of the challenges that the cyber insurance face, thank you for posting Stephen Pitt-Walker, JD, FGIA. We have reported many times of the challenges that cyber insurers face with economically underwriting cyber insurance. Now the federation of…
Small business cyber has always been an elephant in the room. SMBs/ SMEs are least likely to afford cyber; least likely to afford cyber insurance; account for over 99% of companies; they contribute the most to the supply chains security…
Based upon Marsh’s data, more companies are purchasing cyber insurance (36% of U.S clients in 2022, vs. 33% in 2020). There is a rise in the number of captives, Marsh managed captives writing cyber insurance increased by 75% between 2020…
What next for cyber insurers, ‘Right of Bang’ or ‘Left of Bang’. Go where the incident has been, or where compliance is required. Ted Dziekanowski #cyberinsurance #cyberriskmanagement #cyberregulation View Original Post
A configuration issue that had gone un-noticed for 10 years raises concerns of automotive data security. While there is no indication that data associated with vehicles could be affected, there’s no indication that it could not. Toyota has faced a…
An informative read on cyber insurance exclusion clauses, and the further clarity needed by insurers, for the insured to understand what will be covered by cyber insurance? The challenges with the Lloyds exclusions is identifying the root cause of cyber…
A great read discussing the details behind the recent decision by the appellate court of New Jersey Superior Court to uphold a state trial court opinion that war exclusions in drugmaker Merck & Co.⬢s all-risk property insurance policies does not…
