Cyber & Technology
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Demand for cyber cover static and limits bought falling in the US, say brokers
The US-based Council of Insurance Agents & Brokers (CIAB) has released its biannual Cyber Market Watch Survey, which showed that…
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Human error sparks high number of data-breach notifications in Australia
Risk managers need to focus as much on people as machines when working out how to prevent data breaches, because…
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IUA report highlights need for cyber business-interruption risk assessment
Companies must fully explore the possible ways in which cyber events could affect their business and identify the key operational…
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Cybersecurity is top D&O liability concern for US organisations
The leading directors and officers (D&O) liability concern for organisations is cybersecurity, according to Willis Towers Watson’s 2018 Management Liability…
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JLT expands European cyber team
JLT Specialty has appointed two new partners and two brokers to its European cyber practices in London and Stockholm. The…
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Last year second safest for shipping in decade as long-term losses fall by third
Last year saw the second-fewest large ships lost at sea in the past decade, which contributed to overall losses falling…
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Aon report reveals US cyber market growing and profitable in 2017
The US cyber insurance market continued to grow in 2017, with 170 US insurers reporting writing cyber insurance, compared to…
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Marsh appoints global head of cyber risk consulting
Kevin Richards has been appointed to the newly created role of global head of cyber risk consulting at Marsh. He…
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Aon, Chubb and Lloyd’s team up for $500m global terrorism policy
Aon, Chubb and Lloyd’s have collaborated to bring a new terrorism and political violence insurance product to multinational buyers. The…
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ACORD publishes first cyber data breach standard to improve cover options
Global insurance standards body ACORD has published a new standard for cyber data breach after developing the wording with Aon…
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CNA Hardy appoints Buege to head new specialty unit
Commercial insurer CNA Hardy has appointed Rhonda Buege to head up a new unit that will focus on specialty business…
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Rushed blockchain projects creating cyber risk ‘blindspots’, warns RSA Security
Businesses pushing through blockchain-driven projects risk new cyber vulnerabilities with some financial services companies, in particular, “rushing” such technology before…
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Ferma set to publish cyber insurance guide
Ferma has teamed up with insurer federation Insurance Europe to produce a guide on purchasing cyber insurance that intends to…
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Chubb expands cyber response network
Chubb has expanded its global network of cyber incident response firms, increasing service to cover more than 50 countries in…
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Use hackonomics to ensure your business is less enticing cyber target than competitors, advises Centre for Risk Studies
Experts from the University of Cambridge advise corporates to use hackonomics to assess whether they are likely targets for cybercriminals…
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Firms’ cyber resilience fails to learn lessons of past breaches: survey
Only 13% of company executives across the world are confident that their firm has acted on lessons learnt from cyber…
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Beazley includes latest cyber threats in updated policy for large firms
Beazley has revamped its cyber policy for large businesses to cover the latest threats of cyberattack, in a bid to…
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XL adds cyber cover to UK liability offering
XL Catlin is offering a coverage extension to its UK general liability product that provides cyber insurance for mid-sized and…
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Dixons Carphone breach could be first significant test of GDPR rules
UK telecommunications retailer Dixons Carphone has reported the first significant data breach since the introduction of the General Data Protection…
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Cyber preparedness falls short: Airmic survey
Cyber risk is now a top concern for Airmic members but many believe the ability of their organisations to respond…