Cyber – Page 8
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News AnalysisBrokers have ‘key role’ to unlock cyber cover options for SME market
Generalist, High Street and regional brokers must not ‘shy away’ from client conversations around cyber cover if penetration of this type of insurance is to improve
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IT InterviewPaul Mang: Addressing big, evolving insurance risks is ‘meaningful work’
Guidewire’s chief innovation officer explains how technology and the risk landscape have changed following business models shifting post-pandemic
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NewsLloyd’s finds ‘no evidence of any compromise’ following suspected cyber attack
The market has been advised that it can now restore its network services
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NewsCyber insurance uptake with SMEs remains low – GlobalData
’Insurers need to show they can help businesses stop attacks by offering preventative coverage, security systems and staff training’ says GlobalData insurance analyst
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NewsLloyd’s of London resets systems following potential cyber attack
The international insurance marketplace detected ‘unusual activity’ on its network last night, it told Insurance Times
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NewsCFC launches Leadenhall-based Innovation Hub
The MGA’s offices in Gracechurch Street are nearing capacity, creating the need for a dedicated space for the firm’s technology organisation
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Sponsored ContentStaying a step ahead of cyber threats — Travelers
James Doswell, senior risk management consultant at Travelers Europe, explains how confidential data is the target for malware attacks
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News
Lloyd’s receives approval for cyber syndicate as it targets pragmatic growth
The market is developing ‘realistic disaster scenarios’ to prepare for potential threats, added chief of markets
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NewsRevolut hit by ‘highly targeted’ cyber attack
Revolut has become the latest firm to be hit by cyber attack, after an employee was targeted with phishing
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NewsHoliday Inn hotel chain hit by cyber attack
Hotel chains are often targets for cyberattacks due to the data they hold, says Coalition’s head of insurance
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NewsSmaller businesses becoming bigger targets for cyber criminals as claims rise – Coalition
The cyber insurer’s head of claims says small businesses ’often lack resources’
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NewsLondon market has ‘real opportunity’ to be ‘an innovator’ for climate change transition risks
Brokers, insurers, regulators and markets all have a role to play in supporting the transition to net zero carbon emissions
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NewsRussia’s sovereign internet could see cyber insurance implications – CyberCube
A sovereign Russian internet could lead to cybercriminal safe havens which could see implications for cyber insurance according to the latest report from CyberCube published today (12 September 2022).
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NewsNot all cloud downtime losses covered by cyber errors and omissions insurance – Parametrix
The limited coverage is characterised by low coverage limits, long waiting periods, narrow coverage triggers, significant deductibles and long claims processes
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NewsFitch Ratings confirms neutral outlook for global reinsurance sector
However, capacity is being squeezed in the property catastrophe market as reinsurers withdraw
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IT InterviewJoshua Motta: The MGA hitting the UK with ‘reinvented’ cyber security insurance
It is now harder than ever to purchase cyber insurance in the UK, with capacity being pulled back, increasing exclusions and price increases – but Coalition aims to overhaul the market at a time when SMEs need it most
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NewsNorth American cyber MGA begins trading in the UK
The firm will be distributing its products via UK brokers to the SME sector, according to a statement
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AnalysisEmerging Bazarcall ransomware attacks reinforce cyber risk to SMEs
A more ’robust and joined up approach’ is needed to combat the risks UK businesses are facing from cyber attacks, such as those distributed by bogus call centres, says director
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NewsUK local councils hit by 2.3 million cyber attacks so far in 2022 – Gallagher
Only 23% of councils currently hold a cyber-insurance policy despite a rise in cyber attacks
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AnalysisBrokers should prioritise ‘critical’ cloud security following largest ever DDoS attack
The attack on a Google Cloud Armor customer was equivalent in scale to receiving all of the web’s daily requests to Wikipedia in just 10 seconds
