Markel, a leading cyber liability insurer, announced today the availability of a new risk management tool for policyholders. WhiteHaX, a state-of-the-industry testing and reporting tool, simulates cyber security breaches and assesses the readiness of deployed security infrastructure and software. It is especially useful for small-to-medium size businesses. WhiteHaX is a cloud-hosted, dedicated platform developed by… Continue reading Markel Adds New Risk Management Tool to Cyber Product Offerings
Tag: cyber risks
Great American Insurance Group Launches Streamlined, Admitted Cyber Product for Small and Medium-Sized Businesses
Great American Insurance Group is pleased to announce its new admitted cyber risk insurance product, the Risk e-Business Cyber Loss & Liability Insurance Policy℠. With two insuring agreements and only 13 exclusions, it’s cyber coverage made simple. According to Betty Shepherd, Divisional Senior Vice President of Great American Cyber Risk, the product is easy for… Continue reading Great American Insurance Group Launches Streamlined, Admitted Cyber Product for Small and Medium-Sized Businesses
AIG to Spell Out Cyber Coverage Across Global Commercial Lines
As of January 2020, all of American International Group’s commercial property and casualty insurance policies will begin affirmatively covering or excluding physical and non-physical cyber exposures. AIG says the move addresses market concerns that traditional commercial insurance policies across the industry — from property to general liability — are often silent about cyber coverage. “As… Continue reading AIG to Spell Out Cyber Coverage Across Global Commercial Lines
Reinsurers’ Silent Cyber Concerns Ease in 2019: Wills Re Survey
The reinsurance sector is considerably less concerned about silent cyber exposures than it was in 2018, according to an annual global survey by Willis Re, the reinsurance division of broker Willis Towers Watson. Analysts believe that the fall in silent cyber claims expectations could stem from the absence of wide-scale cyber events in the 12… Continue reading Reinsurers’ Silent Cyber Concerns Ease in 2019: Wills Re Survey
U.S. Small Business Owners Need More Cybersecurity Safeguards
Eighty-three percent of small business owners allow and offer employees the option to work securely from a remote location when needed and appropriate, according to Nationwide’s fifth annual Business Owner Survey. With young business owners (those ranging from ages 18-34), this number jumps up to 95%. Yet, only 50% of small business owners have updated… Continue reading U.S. Small Business Owners Need More Cybersecurity Safeguards
Cybersecurity Risks Are Threatening M&A Deals, Industry Survey Shows
Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done. Of more than 2,700 information technology and business decision makers surveyed by Forescout Technologies Inc. in seven countries, 53% reported that their organization had encountered a… Continue reading Cybersecurity Risks Are Threatening M&A Deals, Industry Survey Shows
Chubb and Clyde & Co Launch Emerging Cyber Risks and Multinational Insurance Report at Airmic
Chubb today published a new report on emerging cyber risks and multinational insurance, created in collaboration with global law firm Clyde & Co. The report, Managing Tomorrow’s Cyber Risks and Multinational Insurance, was launched at the Airmic 2019 Conference in Harrogate. It analyses the current international cyber risk landscape and highlights areas that multinational corporations… Continue reading Chubb and Clyde & Co Launch Emerging Cyber Risks and Multinational Insurance Report at Airmic
Allstate Teams Up with Makeover Expert Genevieve Gorder to Help Americans Clean Up their Digital Footprints
Today’s consumer is connected – whether it’s their smart phone, their car, their home thermostat or other major appliances. Allstate is partnering with makeover expert and television host Genevieve Gorder to give Americans the tools they need for a digital safety makeover to help uncover and manage the trail of data left behind from their… Continue reading Allstate Teams Up with Makeover Expert Genevieve Gorder to Help Americans Clean Up their Digital Footprints
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
Alliant Joins Everest Re to Help Hedge Funds with Cyber Security
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