Hospitals have granted Microsoft Corp., International Business Machines Corp. and Amazon.com Inc. the ability to access identifiable patient information under deals to crunch millions of health records, the latest examples of hospitals’ growing influence in the data economy. This breadth of access wasn’t always spelled out by hospitals and tech giants when the deals were… Continue reading Hospitals Give Tech Giants Access to Detailed Medical Records
Tag: cyber risk
Hiscox Adopts CyberCube’s Risk Analytics Software
Cyber risk analytics company CyberCube, has signed an agreement with global specialist insurer Hiscox, for the use of CyberCube’s ground-breaking technology to generate better insight into potential systemic cyber risk. The deal gives Hiscox access to CyberCube’s Portfolio Manager product, which will stress test Hiscox’s book of global commercial insurance business against a range of… Continue reading Hiscox Adopts CyberCube’s Risk Analytics Software
Cyber Threats Are Top Overall Business Concern: Travelers Risk Index
The Travelers Companies, Inc. today announced the results of the 2019 Travelers Risk Index, which found that cyber risks are the top concern among businesses of all sizes for the first time since the survey began in 2014. Of the 1,200 business leaders who participated in the survey, 55% said they worry some or a… Continue reading Cyber Threats Are Top Overall Business Concern: Travelers Risk Index
Cyber Insurance May Create False Sense of Security Among Senior Financial Execs: FM Global Survey
Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered by insurance. In a study of more than 100 chief financial officers (CFOs) and other… Continue reading Cyber Insurance May Create False Sense of Security Among Senior Financial Execs: FM Global Survey
Supply Chain Facing Increased Cyber Attacks
Keeping the supply chain safe has increasingly become more difficult. Threat actors continue to develop new toolsets and techniques, targeting corporate assets stored on cloud infrastructure, individuals’ mobile devices, trusted third-party supplier applications and even popular mail platforms. A new survey, “Cyber Attack Trends: 2019 Mid-Year Report”, released by Check Point Software Technologies Ltd, found… Continue reading Supply Chain Facing Increased Cyber Attacks
Aon Collaborates with CyberCube to Advance Insurers’ Cyber Risk Aggregation Management
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has selected CyberCube, a leading provider of cyber risk analytics for the (re)insurance industry, to deliver innovative cyber (re)insurance solutions to its insurance carrier clients and prospects. An extreme cyber event has the potential to deeply impact… Continue reading Aon Collaborates with CyberCube to Advance Insurers’ Cyber Risk Aggregation Management
Beazley: Ransomware Attacks Skyrocket, Q1 2019
Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reports a 105% increase in the number of ransomware attack notifications against clients compared to Q1 2018. Not only has the frequency of attacks increased, but attackers are shifting focus, targeting larger organizations and demanding higher… Continue reading Beazley: Ransomware Attacks Skyrocket, Q1 2019
Emerging Trend: Managed Service Providers Targeted with Ransomware
An emerging cyber-attack trend is shifting the paradigm for both cyber-preparedness and incident response: ransomware attacks targeting managed service providers (MSPs). This is, in part, because the size of these attacks can be an order of magnitude larger in terms of the number of entities that are simultaneously affected, and because of the corresponding large-scale… Continue reading Emerging Trend: Managed Service Providers Targeted with Ransomware
Cybersecurity Market Worth Over $300bn by 2024: GMI
The cybersecurity market is expected to grow from $120 billion in 2017 to $300 billion by 2024, according to a 2019 Global Market Insights, Inc. report. The market is propelled by the increasing need among enterprises to minimize security risks. As enterprises are rapidly embracing cloud platforms and other networking technologies, they are becoming more… Continue reading Cybersecurity Market Worth Over $300bn by 2024: GMI
Online Phishing Attacks Up 297% Over Last Year
It’s no question that online shopping has continued to grow over the past few years, making it easy to order anything you like from practically wherever you like. But what’s not so convenient is the slew of cybercriminals who have come along for the ride to steal your data and charge your credit card for… Continue reading Online Phishing Attacks Up 297% Over Last Year