Cyber – Page 18
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Online onlySelling cyber seen as key to bright broker future
Most SMEs still didn’t have cyber cover, as of 2018 - which is a great opportunity for brokers to expand their business
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NewsInsurance industry mulls impact of ‘landmark’ BA data breach fine
What warnings can the insurance industry heed from the ”record” fine levied against BA for its data breach?
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Online onlyMany cyber policies not fit for purpose, says broker
Broker says too many companies are taking out cyber insurance as an add-on to professional indemnity policies
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NewsBrokers reveal biggest challenges to selling cyber cover
With the risk of cyber crime ever increasing and evolving, the threat to UK businesses remains high but cyber insurance uptake is still comparatively low compared to the US, Insurance Times looks at the challenges brokers face selling the product and how to overcome the problem
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Online only38% of brokers have never sold a cyber policy – Ecclesiastical
While 78% of brokers see cyber as an area of growth for their business, almost two fifths admit to having never sold a cyber policy
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NewsCFC’s Graeme Newman on how new platform can 'revolutionise' broker cyber sales
Newman told Insurance Times that take-up of cyber insurance in the UK is currently “woefully low” - he wants to change this
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Online onlyCould the Marriott cyber attack have been prevented?
The hotel chain was hit by a cyber hack affecting 500,000 customers’ personal data. From IT security, due diligence to cyber insurance, risk managers draw out lessons for the future
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Online onlyCyber E&O blunders ramp up mis-selling dangers for brokers
Law firm Browne Jacobson has seen an increase in the number of cases where brokers are accused of mis-selling, or even not selling, cyber insurance
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Online onlyWarning of commercial vulnerability as hackable password habits continue
CFC boss reinforces cyber security importance as “the majority of successful cyber breaches result from criminals preying on human weakness”
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Ask the ExpertCyber is a reputational disaster waiting to happen - Mactavish CEO
Mactavish chief executive predicts a world where the reputation of cyber insurance “gets worse” if the placement remains “not good enough”
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AgendaAverage cost of a cyber breach increases by a third
Report finds more medium and large businesses are purchasing cyber insurance, as the average cost of a breach goes up
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NewsMactavish stands firm as the ABI reponds in cyber row
Mactavish originally sent the ABI a letter highlighting common flaws in cyber insurance policies on 19 March
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NewsSedgwick sees increased cyber activity as it announces fraud savings
Sedgwick saved a total of £47m when dealing with its clients’ claims last year
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NewsSmall businesses the key to fighting cyber fraud, report claims
Small businesses represent 99.3% of all private businesses in the UK, and a report says they have a responsibility to their customers and communities
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NewsFOIL establishes new cyber and digital liabilities team
Helen Bourne at Clyde & Co will be the team’s deputy
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NewsWeightmans looks to bridge cyber confusion gap with specialist team
Weightmans looking to help businesses better understand the threats they face
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Online onlyAon highlights eight cyber risk areas
Game-changing business opportunities are created, as well as risks, as companies continue to use technology to speed up information transfer, according to re/insurance broker Aon
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NewsCyber specialist CFC lands Hiscox chief technology officer
Fletcher, formerly chief technology officer at Hiscox, will lead the company’s technology and infrastructure development
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NewsHiscox-backed SME cyber MGA launched
The move comes as the UK businesses continue to buckle under the weight of cyber attacks, many from organised gangs outside of the European Union
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Online onlyCyber Insurance: The anatomy of a claim - part two
The second in a series of case studies taking a look at the complex world of cyber claims with CFC Underwriting’s James Burns
