Cyber & Technology
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March 15, 2024
Italy fines TikTok after French Scar probe into child safety
Italy’s competition regulator has fined social media platform TikTok €10m for failing to monitor content that threatened child safety. The…
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March 14, 2024
US cyber backstop gathers momentum
Discussions to establish a US cyber insurance backstop, which should spur competition and innovation in the cyber insurance market, are…
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March 14, 2024
EU Parliament approves AI act
The European Parliament has approved the Artificial Intelligence Act, the world’s first binding law aimed at reducing AI risks. The…
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March 14, 2024
Dutch cybersecurity and insurance firm secures further €36m funding
Eye Security, the fast-growing Netherlands based cybersecurity and insurance firm, has announced a further €36m Series B investment led by…
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March 13, 2024
Brit launches Lloyd’s consortium for large cyber risks
Global specialty insurer and reinsurer Brit has launched a cyber placement consortium with Lloyd’s underwriters for large institutional clients. Brit…
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March 13, 2024
Risk managers urged to increase oversight of cyber supply chain risk
Managing vendors and third-party contractors is a critical part of data security and regulatory compliance, experts say. Data owners must…
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March 13, 2024
AI regulation to shake up liability insurance
Developments in artificial intelligence (AI) and related regulation will require an overhaul of liability insurance policies and the creation of…
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March 12, 2024
Parliament committee attacks UK government’s ‘shambolic’ cyber strategy
Only days after the former head of the UK’s National Cyber Security Centre (NCSC) called on his country to criminalise…
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March 12, 2024
Coalition adds Aspen to panel of cyber insurers
Cyber managing general agent Coalition has agreed to a multiyear capacity deal with Aspen Specialty. Aspen’s capacity will be available…
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March 11, 2024
EMEA pricing flat in Q4 and easier than other regions: Aon
The EMEA insurance market was flat overall from a pricing perspective in the last quarter of 2023 and slightly easier…
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March 11, 2024
Belgian beer firm Duvel restarts operations after cyberattack
Belgian beer manufacturer Duvel has resumed production within a week after it was hit by a cyberattack, according to reports.…
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March 8, 2024
Reputation, supply chain and cyber pose biggest risks to global retailers, reveals WTW survey
Global retailers are finding it hard to get the right insurance at an acceptable price as the range of risks…
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March 8, 2024
Former UK cyber chief calls for ransomware ban
The former head of the UK’s National Cyber Security Centre (NCSC) has called on his government to pass legislation that…
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March 7, 2024
Beazley delivers record profit as CR falls to 71% and property rates rise 22%
Beazley’s profit before tax jumped 115% last year to a record $1.25bn, with the insurance service result, or underwriting profit,…
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March 7, 2024
Dynamic shift in appetite from Singapore and Malaysia insurance markets
Both the Singapore and Malaysia markets show a dynamic shift in insurers’ focus, with a heightened appetite for cyber, marine,…
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March 7, 2024
ECB cyber stress test will provide much-needed resilience boost, says S&P
The results of cyber stress tests underway at Europe’s banks will shape the regulatory agenda as the European Central Bank…
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March 7, 2024
Mosaic launches technology errors and omissions solution
A primary technology errors and omissions (E&O) solution has been launched by Bermuda-based specialty insurer Mosaic Insurance. The new coverage…
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March 7, 2024
German business calls for heightened protection following Tesla attack
German business groups have called for better protection of critical infrastructure this week after a suspected arson attack by supposed…
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March 6, 2024
EU strikes deal on cybersecurity package
The European Council presidency and European Parliament’s negotiators have reached a provisional agreement on the so-called ‘cyber solidarity act’, as…
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March 6, 2024
France steps up cyber defence efforts
French state cyber agency ANSSI has reported that cyber espionage remained high last year, with a significant increase in attacks…