One is not sure how this will end well Gerry Kennedy. The recent Crowdstrike incident raises many questions about the role that insurance effectively plays in supporting client manage risk. With the national Cyber Director Harry Coker confirming the need…
Yes, cyber will be, should be, the biggest concern to the Insurance industry. One would suggest that ICT risk, such as that experienced last week, combined with cyber will be big enough risks to capital that insurers will leave the…
The effect of the Crowdstrike incident is indiscriminate. Whether companies were directly or indirectly effected, airline stock is falling. Highlighting market sentiment to risk management. This should send a warning to the all boards. While they maynot have a direct…
The losses associated with the Crowdstrike incident will take time to collate. One expects them to be greater than Not Petya, that were reported over $10 billion. Maybe as high as $50 billion? One wonders the effect on risk transfer…
There’s a moral in this story for boards and the emphasis they place over management of cybersecurity. As a 17 year old UK teenager is arrested in connection with last year’s MGM hack. The Script kiddy is alleged to have…
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…
It has been a pleasure working with Rachel V. Rose, JD, MBA a highly respected U.S attorney and Ted Dziekanowski an accomplished Federal cybersecurity educator and advisor, on our latest paper ‘U.S and EU cybersecurity regulation enforces cybersecurity risk management…
