Only three global airports pass cybersecurity tests

Only three global airports pass cybersecurity tests

Only three global airports pass cybersecurity tests

All but three of the world’s 100 largest airports pose serious cyber risks, according to a new report from AI firm ImmuniWeb that criticises poor cybersecurity and lack of systems to protect websites, data and mobile apps. The top three airports for cybersecurity are all located in Europe – Amsterdam Airport Schiphol, Helsinki-Vantaa Airport and Dublin Airport. ImmuniWeb says these…

Market hardening intensifies across Europe and all global regions, finds Marsh

Market hardening intensifies across Europe and all global regions, finds Marsh

Market hardening intensifies across Europe and all global regions, finds Marsh

The commercial insurance market hardening accelerated across all regions in the final quarter of last year with average price increases of 6.6% in continental Europe and 13.7% in the UK, according to Marsh’s latest Global Insurance Market Index that also reports a tightening of capacity in certain product lines and parts of the world. As previously revealed during Marsh’s results…

Removing silent cyber risks leaves buyers exposed to other tech losses, warns Mactavish

Removing silent cyber risks leaves buyers exposed to other tech losses, warns Mactavish

Removing silent cyber risks leaves buyers exposed to other tech losses, warns Mactavish

Corporate insurance buyers are being exposed to standard technology losses as property policies are stripped of all technology cover in a bid to tackle silent cyber exposures, warns insurance governance firm Mactavish. Following concerns raised by UK regulator and Lloyd’s about silent cyber risks, Mactavish said it has seen an increase in UK commercial property policies where all cover related…

CNA Hardy creates new cyber risk role

CNA Hardy creates new cyber risk role

CNA Hardy creates new cyber risk role

CNA Hardy has appointed Nick Bellamy as risk control director, a newly created role with responsibility for cyber and technology risk across the UK and Europe. Mr Bellamy was previously principal cyber risk engineer at Chubb and has more than 20 years’ experience in the insurance industry. He will now report to Stuart Kenyon, head of risk control at CNA…

Ransomware losses to drive cyber rates in France

Ransomware losses to drive cyber rates in France

Ransomware losses to drive cyber rates in France

Large French companies face price increases for cyber insurance following a spate of large ransomware losses, as hackers target corporates with ever higher extortion demands. The increased frequency and severity of ransomware attacks in France, and the rest of Europe, is putting cyber insurance rates under increased pressure, according to Jean Bayon de La Tour, head of cyber for continental…

Greater cooperation needed in ‘frustrating’ French cyber market

Greater cooperation needed in ‘frustrating’ French cyber market

Greater cooperation needed in ‘frustrating’ French cyber market

The French cyber insurance market has been described as “frustrating” by the head of a multinational insurance group in the country, during a session at this week’s AMRAE conference on wider market conditions. “The cyber market is frustrating,” said Florence Louppe, CEO of HDI Global in France, during the second day of the 28th AMRAE conference in Deauville this week. “Last…

HDI acquires Berlin-based cyber startup to extend offering

HDI acquires Berlin-based cyber startup to extend offering

HDI acquires Berlin-based cyber startup to extend offering

German insurer HDI Group has acquired Berlin-based Perseus Technologies, a startup created in 2017 that specialises in cyber risk prevention and emergency cyber assistance. The German insurance group said the acquisition enables it to offer cyber cover and security concepts, alongside other services, from a single source. It said the objective is to “develop” the Perseus business model on an…

AMRAE calls for firms to adopt guide on cyber risk management collaboration

AMRAE calls for firms to adopt guide on cyber risk management collaboration

AMRAE calls for firms to adopt guide on cyber risk management collaboration

AMRAE is encouraging members to adopt a cyber risk management guide, produced in association with France’s national cybersecurity agency ANSSI, that is thought to be the first framework to bring together cyber risk management and cybersecurity. AMRAE promoted the Controlling the Digital Risk guide during a workshop at its annual conference this week. The guide – essentially a roadmap for managing…

AMRAE president calls for international focus on cyber risk management before transfer options

AMRAE president calls for international focus on cyber risk management before transfer options

AMRAE president calls for international focus on cyber risk management before transfer options

The creation of state-backed cyber insurance pools is a good idea in principle, particularly for terror-related threats, but companies must first focus on loss prevention and risk management before exploring such options, according to Brigitte Bouquot, president of French risk management association AMRAE. Ms Bouquot also believes it would make sense for the European risk management community to work with…

Aon acquires cybersecurity firm Cytelligence

Aon acquires cybersecurity firm Cytelligence

Aon acquires cybersecurity firm Cytelligence

Aon has acquired cybersecurity firm Cytelligence, which provides technical incident response and digital forensics. Based in Canada with offices in the US, Cytelligence offers security consulting services and cybersecurity training to strengthen resilience to security threats and improve response when an event occurs. Aon said the acquisition will expand its cyber offering at a time when the need for cyber…

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