Cyber
Like the drugs trade, Cybercrime is not just a US issue
Last year, according to the Norton Cybercrime Report, global cybercrime cost an estimated $388bn. That's $100bn more than the cost of the global black market for marijuana, cocaine and heroin combined. And just like the world's drugs trade, cybercrime is…
EMEA commercial market to remain stable in 2013
The insurance market across Europe, the Middle East and Africa is expected to remain broadly stable in 2013, according to Marsh's Insurance Market Report 2013.
Only 16% of firms have dedicated CIO for cyber risk
Many European firms still do not devote sufficient attention to cyber risks, despite an increase in frequency, scope, and sophistication - and harsher penalties for lack of regulatory compliance and loss of sensitive data.
Specialist pan-European cyber broker start-up launches
IPS Protection, a UK-based broker specialising in cyber liability has launched today to fill what it claims is a gap in the market.
Sony fined £250,000 for Playstation data breach
The UK Information Commissioner’s Office yesterday confirmed that it has fined Sony £250,000 for a ‘serious breach’ of the Data Protection Act.
Cyber risks worries grow but few seek cover
More than three-quarters of organisations have grown concerned about digital securities, yet only 19% of these have taken steps to secure the necessary insurance cover, Zurich research has revealed.
European View from the Top: Meeting the challenge
Independent brokers need to address many challenges in a global environment, says Jose Manuel Dias da Fonseca.
Cyber liability: The shape of things to come
How is the cyber liability market likely to evolve in a technology landscape fraught with great risk?
Drive-by attacks top cyber threat list
Drive-by exploits are the top threat facing web users today, according to the European Union's cyber security agency ENISA.
AIG launches cyber cover for Middle East firms
American International Group has launched a cyber-attack policy for companies in the Middle East, in what it claims is a first for the region.
Over 50% of European firms unprepared for cyber threats
Despite 98% of continental European firms experiencing a cyber incident in the past five years, research has found that a significant proportion are unprepared to deal with this threat in the future.
Lack of cyber liability cover may lead to fines for libellous Twitter users
Individuals without cyber liability cover who use social media such as Twitter to make baseless defamatory statements could end up being hit in the pocket.
Aggregators audit software providers after hackers exploit SSP vulnerability
Insurance software houses have warned that hackers are becoming increasingly sophisticated in breaking through security systems, forcing businesses to engage in a "never-ending fight" to stay ahead.
Post magazine - 15 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Editor's comment: Harmony at last? Maybe not...
Last week was busy for insurers at Parliament. First, something unusual happened in Westminster's corridors of power that could spell good news for the insurance industry.
Post Blog: Defending a breach
How can a company successfully combat a data breach? Paul Bantick and Tracey Stretton explain.
Asia View from the Top: The effects of globalisation
'May you live in interesting times' is apparently the English translation of an ancient Chinese curse, and the past few years have been interesting and challenging from an underwriter's point of view.
View from the top: Prepare for the inundation
As applications of data multiply in the industry, the biggest risk from breaches is reputational, says Paul Bantick.
Marsh hires EMEA cyber head
Marsh has appointed Stephen Wares as leader of the cyber risk practice in the firm's Europe, Middle East and Africa risk practices group.
Q&A with Lloyd's' Enrico Bertagna
Lloyd's Italy country manager Enrico Bertagna discusses the impact of recession, the country's growth sectors, and why he believes natural catastrophe provision in Italy needs a major overhaul.
SMEs: A web of complexity
UK companies are quick to take advantage of technological advances to create new business opportunities, and the industry must get up to speed with the many and varied risks this brings.
Chartis makes cyber risk appointment
Chartis has appointed Jamie Bouloux to the newly created role of cyber liability underwriting manager for Europe.
Cyber liability: Combatting cyber crime
From the £21bn bill for businesses to the inevitable reputation damage, cyber crime can have a devastating impact on UK organisations. So why do so few understand or act on the risks?
Post magazine - 23/30 August 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.