A boom in automobile technology and connectivity in 2018 further boosted expectations of consumers regarding the integration and functionality of their devices and vehicles. Automobile manufacturers have responded by developing cars that often include the services of a digital chauffeur, navigator, receptionist, and personal assistant. Automobiles are also expected to communicate with other systems and… Continue reading Navigating Cybersecurity Risk in the Age of the Connected Car
Tag: cyber security
Arceo.ai Launches to Bridge the Cybersecurity Insurance Gap
Arceo.ai, the industry-first provider of cyber resilience solutions, today emerged from stealth with the debut of a unique platform that enables insurance carriers to automate and enhance their cyber insurance solutions, while increasing the security of their insureds. Cyber resilience is the combination of risk mitigation and accelerated recovery to reduce the total impact of… Continue reading Arceo.ai Launches to Bridge the Cybersecurity Insurance Gap
Beazley Breach Response Services Highlights ‘Sextortion’ Email Threat to Businesses
A new form of online bribery by cyber criminals who attempt to extort crypto-currency by claiming to have potentially embarrassing evidence of people using adult websites on work computers is adding to the tide of cyber-related incidents hitting businesses. So-called ‘sextortion’ involves an email from someone claiming to have accessed the recipient’s work computer. The… Continue reading Beazley Breach Response Services Highlights ‘Sextortion’ Email Threat to Businesses
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
Marriott’s $13.6 Billion Starwood Deal Bought Security Risk
Marriott International’s $13.6 billion purchase of Starwood Hotel & Resorts was a bet that its popular loyalty program would bring more travelers to its Courtyards and Residence Inns. It turns out Marriott was also buying a massive security risk. A cyber breach in Starwood’s reservation system had allowed unauthorized access since 2014, the company said… Continue reading Marriott’s $13.6 Billion Starwood Deal Bought Security Risk
Zurich Becomes Partner of the World Economic Forum’s Global Centre for Cybersecurity
Zurich Insurance Group (Zurich) is stepping up its support for public-private efforts to combat cyber-threats by sealing a new partnership with the World Economic Forum (Forum). Zurich will become a partner of the Forum’s Global Centre for Cybersecurity, which aims to build the first global platform for governments, businesses, experts and law enforcement agencies to… Continue reading Zurich Becomes Partner of the World Economic Forum’s Global Centre for Cybersecurity
World Economic Forum: Risks Among Business Execs Range from Unemployment to Cyber Threats
There are significant differences in risk perceptions across the eight regions covered in the World Economic Forum’s Regional Risks for Doing Business report. Over 12,000 executives highlighted concerns ranging from economic to political, societal and technological. Unemployment, failure of national governance and energy price shocks were among the top worries of executives across various regions.… Continue reading World Economic Forum: Risks Among Business Execs Range from Unemployment to Cyber Threats
CNA Partners with CyberCube to Advance Cyber Risk Modeling & Underwriting Analytics
CyberCube, a leading provider of cyber risk analytics for the insurance industry, today announced that CNA, one of the largest U.S. commercial property and casualty insurance companies, has signed an agreement for use of the provider’s cyber insurance analytics platform to supplement the insurer’s ability to underwrite, price and model cyber risk. Cyber risks present… Continue reading CNA Partners with CyberCube to Advance Cyber Risk Modeling & Underwriting Analytics
Surge in Ransomware Attacks on Businesses Gives Rise to Increase in Demands
Reported cases of ransomware attacks, and the value of ransom demands in the most sophisticated type of breaches, have spiked in the third quarter of 2018, according to data released by specialist insurer Beazley. Ransomware is a type of malicious software that restricts access to an infected machine, usually by encrypting files on the hard… Continue reading Surge in Ransomware Attacks on Businesses Gives Rise to Increase in Demands
Cyber and D&O Liability Increasingly Interlinked: Airmic Report
Cyber insurance and directors and officers (D&O) liability insurance go hand in hand now that company business models increasingly revolve around technology, according to a white paper published by Airmic with support from Marsh and AIG. Cyber incidents are dramatically on the rise, with AIG reporting as many cyber claims in 2017 as in the… Continue reading Cyber and D&O Liability Increasingly Interlinked: Airmic Report