Could the adoption of a little known bill in California lead to the wider adoption of cyber insurance and deliver far reaching benefits? Whilst cyber insurance is in its infancy on many ways, from the lack of data available to…
They say cyber goes where the money is and hedge funds have plenty of it. The challenge all financial markets face is that cyber can have a direct and indirect impact. Directly on the firms in the market, for example…
An interesting read for a Monday. Raising some interesting questions, albeit from the perspective of a fictional narrative. A narrative which does resonate somewhat with what we are seeing today. An increase in cyber activity, based upon digital dependency and…
This week the EIOPA is the European supervisory authority for Insurance and Occupational Pensions set out its priorities for 2020. One being to develop the strategy for cyber underwriting and to harmonize regulatory supervision across Europe. This means promoting appropriate…
Norsk hydro is starting to recoup its losses following the 2019 cyber-attack. Reporting that $20.2 Mn in insurance has been paid out so far, against its estimated losses of between $70Mn – $80Mn (25% – 28%). They expect more to…
Is there an opportunity for the insurance industry to lead the way in cyber. The industry, to some degree, is in a privileged position, more so than the cyber service providers themselves. They deal with clients at every stage of…
A positive move by the insurer FM global. Who have announced that they will assess industrial control system security as part of their on site visit regime. The next and obvious question has to be. If these assessments can be…
A lot may rest on this debate and subsequent outcome, having far reaching consequences for more than just the military. There is no agreed definition at least in the eyes of the law and international convention, of what defines cyber…
Damned if you do, Damned if you don’t. A interesting and thought provoking read, relating to the US. So you’re a security consultancy, called into help a client sort out a ransomware issue. You may even be recommended and paid…
This is definitely one to read. A great article on the cat and mouse game which maybe played out in the US court over cyber attacks, insurance, the small print and the costs and impact to the corporate balance sheet.…
