The UK government is between a big rock and a hard place with the JLR cyber attack. On one side, why should it bail out a private sector company with rich parents? On the other hand, UK jobs and UK…
The effects of the JLR hack are being felt by those in its supply chain. It appears JLR had no insurance, and its cybersecurity did not contain the incident. The effect of which has affected its employees, those of its…
One does not know the technical extent of the cyber attack on JLR, other than what is reported. But one does know that risk transfer sits both left and right of bang, and for most companies, cyber insurance is the…
Thank you for the post, Bryan Foss. A compulsory digital ID scheme to crack down on illegal immigration. Where is the national Debate? How does a digital ID scheme crack down on illegal migration? At what point in the immigration…
Excellent analogies and comments. View Original Post
Cyber insurance looks to be between a rock and a hard place if it’s looking for cash. The recent Marks and Spencer, JLR (Jaguar Land Rover), and Collins Aerospace hacks have demonstrated the challenges insurers face with cyber. Risk transfer…
Member of the Management Board of Munich Re, Stefan Golling, discusses the direction and future of Reinsurance, including cyber reinsurance. It follows a recently published paper by Swiss Re and a renewed focus on the SME market to sell cyber…
Thank you for sharing Bryan Foss. It matter not who you are, you can be targeted by hackers. More so if you have a prominent brand, such as Jeremy Clarksons farm. But it’s harder to secure a high profile brand…
The SME market is a significant one for the cyber insurance industry. It is also a market with the highest risk, which is due to the 99% problem. A problem that we have discussed many times, and one that cyber…
The gap between what it costs to run a business and what a cyber insurance policy is going to pay out in the event of a cyberattack continues to widen. As the enclosed APAC Aon report demonstrates. One has been…
