A nice article that explains the potential effects of the SEC final cyber rule on D&O and Cyber insurance, registrants regulatory compliance and risk transfer. Complexities and issue will start to unfold over the coming months as registrants, the insurance…
Another state of cyber insurance update. One has to consider how many companies have cyber insurance, that is a difficult number to quantify. We do no that 99% of all organisations are SMEs. That generally can’t afford cyber insurance, or…
One always appreciates a cyber insurance industry update. Are we in a hard, market, a soft market, a stable market or one that is fluctuating? It is always difficult to tell. What reports do tell us for July is that…
As predicated, and to quote a well known film staring Adam Sandler, the SEC final ruling on cyber is ‘opening up a can of whoop-ass’. Not only requiring covered entities to disclose material cyber risks and incidents (See our Bloomberg…
A very important read for CISOs, Board Directors and Officers. In February 2023 we wrote a paper with respected U.S Attorney Rachel V. Rose, JD, MBA and Educationalist Ted Dziekanowski entitled ‘U.S and EU cybersecurity regulation enforces cybersecurity risk management…
The Beazley report on cyber insurance is worth taking a look at. What is of concern is the Boardroom perception of cyber risk falls sharply from the pandemic years. Well one can guarantee with 100% certainty that this is going…
What is interesting is that the U.S Department of Treasury has made clear that payment of ransomware to individuals, organizations or jurisdictions on OFAC is a breach of regulation, that comes with heavy penalties. While one is not aware of…
A great suite of analogies for the road ahead for cyber insurance Ted Dziekanowski. I would probably add a slow train wreck waiting to happen, not necessarily for the insurance industry. As the article points out, ransomeware is not slowing,…
With law firms a prime target for cyber attack and data theft. Cyber insurance is therefore an important risk transfer tool. One would have expected law firms to have paid attention to managing cyber risk. Using cyber insurances at a…
An important read on cyber insurance, and update to German caselaw. The German regional Court of Tübingen rendered the first judicial decision concerning cyber insurance. Ruling in favour of the insured. The court rejected the insurer⬢s argument that the insured…
