If you are a security professional then I strongly recommend you register and review the Law360 article on SolarWinds. A US judge has kept open an investor suit against the company, following allegations from SolarWinds investors that the software firm…
Cyber insurers could potentially be looking at large claims due to the Ukraine-Russia war. While ‘some’ cyber insurance precedents have been set recently following the Merck Not Petya hack, it may not be enough to prevent claims disputes between the…
A great article on what UK cyber insurers cover in their policies. Interesting to see some covering regulatory fines and Extortion, including recovery costs or ransom payments. Ted Dziekanowski #cyberinsurance #cybersecurity #insurance #riskmanagement #cyberrisk View Original Post
Does the cyber insurance market need more money to underwrite cyber risk exposure? Alongside the additional capital companies need to cover the gap between inherent risk and the shortfall in cyber insurance coverage. Cyber insurance is struggling to cover the…
Cyber insurance prices are up, coverage down and loss ratios rising. Cyber is a difficult risk to manage and innovation, economic growth, cyberspace and technology are not on the side of the underwriter and the insured. In our paper we…
An informative article on cyber insurance. The announcement in January 2022 that Merck was entitled to a summary judgement following the Not Petya cyber attack of 2017. Set a precedent for cyber insurance claims and the use of the act…
An unexpected fall-out from the Ukraine Russia war is the impact on services provided by Russian contractors to European banks, as highlighted by Deutsche Bank. As the bank braces itself for disruption due to its dependence on Russian IT resources.…
As cybersecurity legislation evolves across US Federal government and regulatory enforcement regimes start to take effect, cyber insurers have an opportunity to educate their clients on cybersecurity and risk management. To support the insured manage the risk. Cyber insurers are…
Cyber is a very difficult risk to insure for many reasons. Once an extreme loss event cyber is more an expected or just sitting inside of an unexpected loss for many firms and for insurers. Creating challenges for both the…
Merck and Co has won its $1.4 Billion long running cyber insurance legal dispute with its insurers, following the 2017 Not Petya cyber attack. Judge‚Â Thomas J. Walsh‚Â ruled‚Â Jan. 13 that Mercks insurers cant claim the war exclusion because its language is…
