Zurich Insurance Group (Zurich) is stepping up its support for public-private efforts to combat cyber-threats by sealing a new partnership with the World Economic Forum (Forum). Zurich will become a partner of the Forum’s Global Centre for Cybersecurity, which aims to build the first global platform for governments, businesses, experts and law enforcement agencies to… Continue reading Zurich Becomes Partner of the World Economic Forum’s Global Centre for Cybersecurity
Tag: cyber insurance
Manufacturers Remain Slow to Recognize Cybersecurity Risks
They have names like Notpetya, Samsam and perhaps the most cynically named WannaCry. These are just some of the most recent cyberattacks that have not only affected financial institutions, retailers and shipping companies but have also plagued manufacturers, like Merck & Company, the pharmaceutical firm, and the snack company Mondelez International. Whether they come from… Continue reading Manufacturers Remain Slow to Recognize Cybersecurity Risks
CNA Partners with CyberCube to Advance Cyber Risk Modeling & Underwriting Analytics
CyberCube, a leading provider of cyber risk analytics for the insurance industry, today announced that CNA, one of the largest U.S. commercial property and casualty insurance companies, has signed an agreement for use of the provider’s cyber insurance analytics platform to supplement the insurer’s ability to underwrite, price and model cyber risk. Cyber risks present… Continue reading CNA Partners with CyberCube to Advance Cyber Risk Modeling & Underwriting Analytics
QBE Ventures and Zeguro Partner to Tackle Cyber Risk for SMEs
QBE Insurance Group’s (QBE) small and medium sized business customers could soon benefit from a virtual ‘Cybersecurity Officer’, thanks to a new partnership between the global insurer and emerging cybersecurity management leader, Zeguro. Zeguro is an easy to use, online platform which enables users to automate their cybersecurity processes, detect for and manage any cyber… Continue reading QBE Ventures and Zeguro Partner to Tackle Cyber Risk for SMEs
Failure to Procure Cyber Insurance Could Haunt Your Company
A federal court in Florida recently adopted the now well-developed consensus that data breach losses are not covered under standard Commercial General Liability (CGL) policies. As the Department of Homeland Security’s officially designated 15th annual Cybersecurity Awareness Month comes to a close, the case stands as yet another stark warning that companies of all sizes… Continue reading Failure to Procure Cyber Insurance Could Haunt Your Company
87% of Firms See Untrained Staff as Greatest Cyber Risk
The majority of executives (87%) around the world cite untrained staff as the greatest cyber risk to their business according to a new report from “The Cybersecurity Imperative” – a global thought leadership program produced by independent researcher, ESI ThoughtLab in conjunction with Willis Towers Watson and other organizations specialized in cybersecurity and risk management.… Continue reading 87% of Firms See Untrained Staff as Greatest Cyber Risk
Chubb-Sponsored Cyber Industry Panel Explores Rising Personal Cyber Risks
In a recent panel session hosted by Chubb, “Becoming Cyber Smart at Home, Work and Wherever Life Takes You,” held in New York City, cyber industry experts from ADT, Carnegie Mellon University and CyberScout outlined a range of cyber threats facing individuals and small businesses in today’s connected world. The panel described real-life examples and… Continue reading Chubb-Sponsored Cyber Industry Panel Explores Rising Personal Cyber Risks
Senate Letter Criticizes Google for Failure to Disclose Data Vulnerability
Top lawmakers sent a stinging letter to Google on Thursday over its handling of a data vulnerability that affected hundreds of thousands of users of its Google+ social media service. Senate Commerce Committee Chairman John Thune (R., S.D.), in a letter delivered on Thursday, joined two subcommittee chairmen in saying they found it “troubling” that… Continue reading Senate Letter Criticizes Google for Failure to Disclose Data Vulnerability
SEC Dusts Off a Never-Used Cyber Enforcement Tool
Five years ago, the Securities and Exchange Commission adopted a rule requiring investment firms to pay attention to identity theft. It never enforced it — until late last month. In a cease-and-desist order against Voya Financial Advisors, the investment advisory unit of Voya Financial, the commission used the “Identity Theft Red Flags Rule” to censure… Continue reading SEC Dusts Off a Never-Used Cyber Enforcement Tool
Facebook Hack Could Result in GDPR Compensation
A law firm in the UK has said that the security incident, which left 50 million user accounts exposed to hackers, could see the first major compensation claims under the new GDPR. Speaking to newspaper The Sun, Gareth Pope, head of group litigation at law company Slater and Gordon, said that anyone who had been… Continue reading Facebook Hack Could Result in GDPR Compensation