Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a cyber attack. Alliant Insurance Services Inc. announced coverage and services that help hedge funds evaluate readiness for an attack.… Continue reading Alliant Joins Everest Re to Help Hedge Funds with Cyber Security
Tag: cyber insurance
Zurich Launches New Globally-Consistent Cyber Insurance Policy
Zurich Insurance has launched its new Zurich Cyber Insurance Policy with an updated form designed to help businesses protect themselves from cybersecurity risks. The new form replaces Zurich’s Security & Privacy policy and brings together coverages previously available only through endorsements but now embedded within a convenient, unified solution that can be customized to meet… Continue reading Zurich Launches New Globally-Consistent Cyber Insurance Policy
Innovative Moves Signal Zurich’s Increased Commitment to Cybersecurity Solutions
Zurich has made several key moves in recent weeks, continuing its commitment to helping businesses protect themselves from – and become more resilient to – cyber-related risks. The moves include creation of a dedicated, in-house cyber risk engineering team — a resilience-related first in the industry — as well as the addition of a new… Continue reading Innovative Moves Signal Zurich’s Increased Commitment to Cybersecurity Solutions
Chubb Survey Finds Individuals Are Unprepared for the Risk of a Cyber Breach
A new study from Chubb finds that, despite the ever evolving and seemingly never ending frequency of cyber attacks, individuals are still largely unprepared and at risk should they or their family members be targeted. The 2018 Chubb Cyber Risk Survey found that while most respondents (86%) reported being concerned about cyber incidents, most are… Continue reading Chubb Survey Finds Individuals Are Unprepared for the Risk of a Cyber Breach
Andreas Berger to Succeed Galvagni as CEO Corporate Solution, Swiss Re
Swiss Re today announces that Andreas Berger, currently Chief Regions & Markets Officer and Member of the Board of Management of Allianz Global Corporate & Specialty SE, is appointed CEO Corporate Solutions and member of the Group Executive Committee with effect from 1 April 2019. He succeeds Agostino Galvagni, who has decided to step down… Continue reading Andreas Berger to Succeed Galvagni as CEO Corporate Solution, Swiss Re
Insurers’ Cybersecurity Improves Despite More Attacks
Insurance companies repelled 78% of cyberattacks last year, up from 70% the previous year, according to Accenture’s recent survey of 33 carriers, “Insuring the Future: 2018 State of Cyber Resilience in Insurance.” The improvement comes despite an increasing number of attacks overall. Most common are attacks that originate internally at insurance companies, at a clip… Continue reading Insurers’ Cybersecurity Improves Despite More Attacks
Over 60% of Insurance Experts Expect Higher Cyber-Related Losses Over Next 12 Months
Insurance companies are expecting increased cyber-related losses across all business lines over the next 12-months, driven by increasing reliance on technology and high-profile cyber-attacks, according to the annual Silent Cyber Risk Outlook global survey from Willis Re, the reinsurance division of leading global advisory, broking and solutions company Willis Towers Watson. The survey reveals that… Continue reading Over 60% of Insurance Experts Expect Higher Cyber-Related Losses Over Next 12 Months
Businesses Fear Cyberattacks, Phishing During Hurricanes
Hurricane Florence could make companies vulnerable to cyberattacks as firms race to protect computer systems and networks ahead of the storm expected to hit the Southeast U.S. Friday, cybersecurity experts say. Corporate technology managers should expect more phishing attacks and intrusion attempts as cybercriminals target companies that are moving computers to fallback sites and switching… Continue reading Businesses Fear Cyberattacks, Phishing During Hurricanes
Cyberattacks Are A Constant Fear 17 Years after 9/11
Seventeen years after the 9/11 terror attacks, lawmakers are stepping up their warnings about how the next assault on the U.S. could be a cyberattack. Airports and airlines increasingly rely on cyber networks to operate, yet there are no federal regulations specifically governing their use. Lawmakers say they are drafting legislation that would impose new… Continue reading Cyberattacks Are A Constant Fear 17 Years after 9/11
British Airways Suffers Major Cyber Attack Impacting 380,000 Customers
British Airways was warned by IT experts that it was vulnerable to a hack in which criminals could steal customers’ card details earlier this year, it has been claimed. The airline announced on Thursday that it had suffered a major hack compromising the bank card information of around 380,000 customers. Due to strict new data… Continue reading British Airways Suffers Major Cyber Attack Impacting 380,000 Customers