Cyber & Technology
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Demand for fidelity insurance on the rise in Germany as cyber risks mount
Demand for fidelity insurance is on the rise in Germany as organisations become increasingly concerned by cyber risks, experts say.
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Organisations struggling to manage cyber risk finds EY survey
This year's EY Global Information Security survey suggests that organisations lack the agility, budget and skills to protect themselves against…
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Government-led UK summit backs cyber market to drive risk prevention
The UK's Cabinet Office minister Francis Maude, who holds responsibility for the UK Cyber Security Strategy, co-hosted a summit of…
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Many insureds feel they don’t need specialist cyber cover suggests survey
A survey of US insurance professionals suggests that the main reason organisations aren't taking out standalone cyber insurance is because…
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Cost of cybercrime continues to rise for French and German firms
The cost of cybercrime continues to rise for companies in France and Germany with energy, financial services, utility and technology…
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Corporate round-up
New cyber privacy and network protection product targets SMEs, Martin Sullivan named director and non-exec of Cooper Gay Swett &…
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Number and cost of information security breaches rise but mitigation spend falls
According to PwC's annual Global State Of Information Security Survey the number of worldwide information security breaches and their costs…
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Employee error biggest cause of data breaches but hacker attacks most costly: Beazley
Analysis by insurer Beazley shows that employee error causes most data breaches but malware and spyware cases are more costly…
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MENA IT security spend to hit $1bn as region wakes up to risk
Middle East and North Africa (MENA) spend on information security will reach $1bn in 2014, an increase of 8% over…
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Better cooperation needed between risk managers and IT on cyber risk
Collaboration between risk managers and information security officers is vital in the fight against cyber risk that is still underestimated…
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Reinsurers cautiously upbeat on cyber
Reinsurers at the Monte Carlo Rendez-vous have indicated an increased appetite for cyber risks but said they will maintain standard…
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Corporate round-up
JLT launches venture in Turkey, FM Global promotes from within to fill top EMEA positions, AIG launches cyber cover for…
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German market getting to grips with the cyber threat but buyers cautious
While there is a growing awareness of the threat posed by cyber risk, many German industrial buyers and even their…
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Captive owners ‘surprisingly’ reluctant to write cyber cover: Aon
Aon Global Risk Consulting has found that only 1% of captive owners currently cover cyber risk in their captives.
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Corporate round-up
ACE appoints Kyle Bryant as regional cyber manager for Europe, Lockton adds JLT trio to its international management liability team,…
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Corporate round-up
AIG in Europe launches new cyber cover for property and bodily injury risks, Markel applies for Dubai insurance licence to…
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Cyber risk and transfer needs overhyped says Germany’s Funk
Broker Funk has criticised certain German insurers, brokers and risk managers for overhyping cyber risk and the need to transfer…
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JLT launches cyber attack simulation tool to grab CEOs attention
JLT has teamed up with Professor Dr Marco Gercke, who works as an adviser to different international organisations, such as…
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Grasping the full potential of cyber insurance
Last month’s JLT Global Digital Risks & Technology Forum saw risk managers and transfer partners gather in Salzburg, Austria to…
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Corporate round-up
Guy Carpenter appoints CEO of Benelux region, ACE launches Benelux surety suite and names new underwriting manager, AGCS appoints new…