Cybercriminals have been going to great lengths throughout 2020 to get their hands on confidential information such as log-in details that let them bypass a company’s security systems and commit theft or fraud by manipulating employees using fake or doctored emails. While this form of online social engineering had declined from Q4 2019 to Q1… Continue reading Cybercriminals Step Up Social Engineering During Pandemic
Tag: cyber liability
Remote Work Creating New Opportunities for Cyber Criminals
The novel coronavirus (COVID-19) and the resultant move to widespread homeworking has created new vulnerabilities for criminals to exploit. This is the key finding of a new report authored jointly by cyber analytics expert CyberCube and professional services firm Aon. According to the report, homeworking has exposed new access points for cyber criminals to gain… Continue reading Remote Work Creating New Opportunities for Cyber Criminals
COVID-19-Related Phishing Scams Likely to Dominate Q2
Ransomware attacks continue to blight organizations of all sizes and sectors. The number of incidents involving ransomware reported to Beazley Breach Response (BBR) Services in the first quarter of 2020 increased by 25% compared to Q4 2019. While no industry was immune, manufacturing experienced the steepest increase of all – up 156% quarter on quarter.… Continue reading COVID-19-Related Phishing Scams Likely to Dominate Q2
Worldwide Facilities Brings on John Curry as Senior Vice President
Worldwide Facilities, national wholesale insurance broker, managing general agent and program underwriter, is pleased to announce that John Curry has joined the company as Senior Vice President in the New York, NY office location. John’s recent experience includes a role as Vice President running a Casualty team with a focus on Construction risks specializing in… Continue reading Worldwide Facilities Brings on John Curry as Senior Vice President
Beazley Makes its Leading Cyber Platform Available to Brokers of SMEs
Beazley announced today that its flagship cyber product, Beazley Breach Response (BBR), will be available to brokers of small and medium-sized business through the myBeazley platform in the US, reducing to less than two minutes the time required to obtain a bindable BBR quote. The platform has been designed to meet the needs of brokers… Continue reading Beazley Makes its Leading Cyber Platform Available to Brokers of SMEs
Marsh Opens 2020 Cyber Catalyst Program with Leading Cyber Insurers
Marsh, the world’s leading insurance broker and risk adviser, today announced the 2020 opening of its Cyber Catalyst program designed to help organizations reduce cyber risk by making more informed cybersecurity decisions. The first-of-its-kind program awards Cyber Catalyst designations to products and services that leading cyber insurers believe can be effective against major cyber threats.… Continue reading Marsh Opens 2020 Cyber Catalyst Program with Leading Cyber Insurers
Worldwide Facilities Brings on Brad Foote as Senior Vice President
Worldwide Facilities, national wholesale insurance broker, managing general agent and program underwriter, is pleased to announce that Brad Foote has joined the company as a Senior Vice President. Brad will lead Worldwide Facilities’ new Denver, CO office. He has more than 14 years of experience in the wholesale insurance industry and brings expertise in Professional,… Continue reading Worldwide Facilities Brings on Brad Foote as Senior Vice President
New Orleans Government Forced to Shut Down Computers Due to Massive Cyber Attack
New Orleans was forced to declare a state of emergency after falling victim to a cyber attack which forced the shutdown of all the city government’s computers. The attack, which was first detected at 5 am on Friday, intensified as staff logged on for work about three hours later. Officials detected ransomware and phishing attempts,… Continue reading New Orleans Government Forced to Shut Down Computers Due to Massive Cyber Attack
Fitch Ratings: Silent Cyber Assessment Key to Managing Evolving Insurance Risk
Property and Casualty (P/C) insurers are gradually gaining sophistication in measuring risk aggregations and modeling potential losses from catastrophic cyber events, but efficacy of this analysis is inhibited by exposure to non-affirmative or “silent” cyber risk, Fitch Ratings says. Many insurers now view cyber insurance as an attractive source of premium growth and profits. However,… Continue reading Fitch Ratings: Silent Cyber Assessment Key to Managing Evolving Insurance Risk
Verisk Launches Cyber Data Exchange
Verisk, a leading data analytics provider, announced today the creation of its Cyber Data Exchange, an analytics solution that aggregates cyber insurance data to help insurers gain insights into the market and improve strategic decision making. Without access to broad-based, credible, and relevant data, many insurers and professionals in the cyber insurance value chain face… Continue reading Verisk Launches Cyber Data Exchange