The costs from cyberattacks — from business interruption to ransomware payments and legal settlements — pose an increasing threat to company creditworthiness due to loss of customers, theft of intellectual property or a break in revenue flows, Moody’s Ratings said.
Tag: cyber risks
As Boards Focus More on Cybersecurity, Are They Missing One of the Biggest Threats?
Board members are taking on more responsibility for cybersecurity strategy at the companies they oversee. But they might be overlooking one of the organization’s biggest vulnerabilities: themselves.
Chubb and NetSPI Launch Cyber Protection Partnership
Chubb has announced an innovative collaboration with NetSPI, a global leader in proactive security, to strengthen clients’ cyber-risk profile via enhanced attack surface management and penetration testing solutions.
Cybersecurity Spending Grows
Cybersecurity budgets have largely been protected from the worst consequences of economic uncertainty, but have hardly been untouched by wider trims to company spending.
Munich Re: Cyber Risks and Trends 2023
Future cyberattacks will be increasingly accelerated by key technology trends such as artificial intelligence like ChatGPT, the so-called “metaverse” and the expanding worlds of IT, Internet of Things (IoT) and operational technology (OT).
Lack of Actionable Information in Notices Continues to Grow: ITRC Data Breach Analysis
According to ITRC’s Q1 2023 Data Breach Analysis, among the top ten breaches in Q1, 60 percent did not include information about the root cause of the event, compared to 40 percent in Q4 2022.
Coalition Releases Control 2.0, the Cyber Risk Management Platform for Businesses of All Sizes
Coalition announced the launch of the next generation of its cyber risk management platform, Coalition Control, to help organizations detect, assess, mitigate, and transfer cyber risk exposure.
CyberCube Highlights Areas of Focus for the Cyber Insurance and Broking Community
Nation-state cyber threat actors are expected to acquire and flex new offensive cyber capabilities in an increasingly polarized world, warns leading cyber risk analytics specialist CyberCube.
While Personal Cyber Risk Protection Improved, Poor Cybersecurity Behaviors Continue
Survey shows more people are taking concrete steps to safeguard their personal information and data from cyber-attacks but poor cybersecurity behaviors persist.
Today’s Cyber Insurance Market Needs Better Modeling, Policy Language
According to S&P Global Ratings, cyber insurance is the fastest-growing segment of the insurance market, but many insurers and reinsurers are increasingly unwilling to underwrite larger cyber risks. S&P notes in a new report, Cyber Risk in a New Era: The Rocky Road to a Mature Cyber-Insurance Market, that much of the growth in the… Continue reading Today’s Cyber Insurance Market Needs Better Modeling, Policy Language