Dark privacy risk lays ahead, warns cyber expert

Dark privacy risk lays ahead, warns cyber expert

Dark privacy risk lays ahead, warns cyber expert

Dark privacy is set to become one of the biggest cyber risks facing business as data is increasingly used to influence human behaviour, according to a leading cybersecurity expert. A combination of cognitive bias, data mining and third-party access to personal data will increasingly make it possible to change behaviour and influence decision-making, according to Menny Barzilay, co-founder and chief…

AGCS names Hartmut Mai as Andreas Berger’s replacement

AGCS names Hartmut Mai as Andreas Berger’s replacement

AGCS names Hartmut Mai as Andreas Berger’s replacement

Allianz Global Corporate & Specialty (AGCS) has appointed Hartmut Mai as chief regions and markets officer for central and eastern Europe, the Mediterranean and Africa. AGCS’s CEO Chris Fischer Hirs has filled the role since Andreas Berger announced last September that he would be joining Swiss Re Corporate Solutions as CEO. Thomas Sepp, currently head of midcorp business for Allianz…

Beazley integrates cyber covers for UK buyers

Beazley integrates cyber covers for UK buyers

Beazley integrates cyber covers for UK buyers

Beazley has made changes to its UK cyber insurance policies, integrating cover for cyber extortion, data recovery costs, business interruption, contingent business interruption and e-crime into the main policy rather than added as an endorsement. Beazley said this approach will be standard for UK businesses of all sizes. At the same time, the insurer has extended access to its Beazley…

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York is still the leading financial centre in the world, followed by London and Hong Kong, according to the 25th Global Financial Centres Index, published by Z/Yen Partners and the China Development Institute. According to the index, New York remains in first place, just seven points ahead of London, with Hong Kong four points behind London in third. Singapore…

Euler Hermes launches public access open data portal

Euler Hermes launches public access open data portal

Euler Hermes launches public access open data portal

Trade credit insurer Euler Hermes has released its open data platform for anyone to access, use and share its data on international B2B trade. Euler Hermes said the move gives public access to millions of exclusive datasets, and will help users make sense of international trade data, select the right prospects and do business with confidence. The insurer said its…

Frustrating Brexit deadlock highlights importance of risk management, says Ferma

Frustrating Brexit deadlock highlights importance of risk management, says Ferma

Frustrating Brexit deadlock highlights importance of risk management, says Ferma

The ongoing uncertainty surrounding Brexit highlights the importance of professional risk management to prepare organisations and ensure business continuity, Ferma said this week after voicing “frustration” at the current deadlock in UK parliament. Following discussions with corporate risk managers, the federation said most risk management plans are working on the assumption of a no-deal Brexit and detailed a range of…

Many companies ‘not ready’ for most serious corporate risks: survey

Many companies ‘not ready’ for most serious corporate risks: survey

Many companies ‘not ready’ for most serious corporate risks: survey

A clear majority of board directors and general counsels (GCs) agree corporate risk has increased significantly in the past two to three years, and 30% fear their business is not prepared to tackle the most serious issues, according to a new report from Clyde & Co and Winmark. The report is based on a survey and compares views of risk…

VW and former CEO hit with new US dieselgate lawsuit

VW and former CEO hit with new US dieselgate lawsuit

VW and former CEO hit with new US dieselgate lawsuit

The US regulator has launched a legal suit against VW, alleging the German car manufacturer defrauded US bond investors in the diesel emission scandal. The case also cites former CEO Marin Winterkorn and two subsidiaries – Volkswagen Group of America Finance and VW Credit. The suit by the Securities and Exchange Commission (SEC) alleges that VW raised $13bn through corporate…

Edgar Puls to take over from Christian Hinsch at HDI Global

Edgar Puls to take over from Christian Hinsch at HDI Global

Edgar Puls to take over from Christian Hinsch at HDI Global

Christian Hinsch will step down from his role as CEO of HDI Global, the industrial lines insurer of Talanx group, after its AGM on 9 May and will be replaced by Edgar Puls. Mr Puls is currently in charge of HDI Global’s property, engineering, marine, multi-risk and European division. Talanx said the move completes a “generational renewal” at board level.…

IRM plans to kick-start cyber risk management skills

IRM plans to kick-start cyber risk management skills

IRM plans to kick-start cyber risk management skills

The Institute of Risk Management (IRM) wants to “kick-start” risk manager skills for the digital age with a relaunched cyber group and new digital risk management certificate. The Cyber Risk Special Interest Group, which held its inaugural meeting last month, will initially focus on cyber risk in the context of enterprise risk management (ERM). The group, which meets again in…

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