Cyber – Page 30
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NewsUS Cyber Command plan prompts call for review of UK system
Professional hacker says Cyber Command development was unexpected
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NewsChubb grows cyber insurance underwriting team
As demand for cyber insurance grows, Chubb explains new underwriting appointments
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NewsCyber startup launches ransomware protection guarantee
Cybersecurity startup SentinelOne has launched a new protection guarantee that pays up to $1m (£760.840) if SentinelOne’s software fails to detect a ransomware cyber-attack on a company’s system. The software, which learns the user’s behaviour on devices such as mobiles and computers, will alert the user ...
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NewsCyber blog: Sorry for the interruption
Not all business interruption covers are created equal, says NIG director of underwriting and pricing Justin Clarke
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NewsPost-Brexit UK needs to match EU cyber protection rules
If the UK wants to compete with the EU on equal terms post-Brexit, UK data protection standards will have to match EU regulations, according to cyber protection firm NCC. “For the UK to do business with the EU, or any other country for that matter, it ...
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NewsAnalysis: Cyber hack vs cyber leak
What’s the difference between a cyber hack and a cyber leak? It depends who you ask, and does the difference matter anyway, our sister publication, GR was told by Lloyd’s Market Association senior technical executive cyber & professional lines Tony Ellwood. What is the difference, ...
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NewsChannel Syndicate appoints new head of technology and cyber insurance
Tom Allen has joined Lloyd’s managing agency Channel Syndicate’s new innovation division as head of technology and cyber insurance. Channel, a subsidiary of Lloyd’s reinsurer SCOR, said the innovation division will look at new technologies and emerging risks, including cyber. Allen worked as a lawyer before ...
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NewsUK firms to face increased cyber regulations even with Brexit
UK companies will still have to comply with new EU regulations regarding data breaches irrespective of the outcome of the referendum vote today, leading cyber risk experts at Beazley’s Hacked! Conference said earlier this week. Interest in cyber protection among UK businesses has risen sharply with ...
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NewsAon Benfield makes senior hire to head global cyber practice group
Aon Benfield has hired Luke Foord-Kelcey to co-head its global cyber practice group. Based in London, Foord-Kelcey will be responsible for developing Aon Benfield’s cyber offering to insurers and reinsurers. He will work with co-head Bill Henriques, who established the practice group. Prior to joining Aon, ...
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NewsFine firms for failing to report data breaches - MPs
MPs are calling for tougher rules that could force companies to report cyber attacks. The Culture, Media and Sport select committee said in a report yesterday that the regulator should have a “robust system of escalating fines” for those failing to report security breaches, the Financial ...
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NewsCyber blog: SMEs – the soft underbelly cyber criminals love to target
NIG Director of Underwriting and Pricing Justin Clarke examines how cyber crime can affect small to medium-sized businesses. And just as importantly, how the industry and the European Union are mobilising resources to fight back against this growing threat.
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Online onlyFSB presses government to contribute more in cyber crime fight
The Federation of Small Businesses (FSB) is urging the government to make cyber insurance compulsory for small businesses. The FSB said that the government must consider making cyber insurance compulsory for businesses above a certain size or in high-risk sectors after internal research found only 6% ...
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AgendaAllianz to offer cyber consultation after new deal
Allianz has partnered with IT Governance, a global cyber security consultancy, to offer free online cyber risk assessment. The tool is designed to help businesses protect themselves against a potential cyber attack. Allianz’s commercial policyholders will receive a tailored cyber security improvement report through an online ...
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NewsAirmic 2016: Cyber is biggest risk for insurance buyers
Cyber has ranked as the biggest area of concern for risk managers, according to a survey of Airmic members. The three areas of risk that gave members the most worry were cyber causing business interruption - cited by 45.5% of members as a top-three concern, cyber ...
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AgendaAlmost two thirds of firms don’t have cyber insurance - survey
Nearly 64% of firms don’t have any cyber insurance, according to research by email security company Mimecast. The survey of 436 companies found that almost half (45%) of firms are unsure whether their cyber insurance policy is up-to-date. The research also found that 10% of companies ...
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NewsSwiss Re insurance arm launches UK-specific cyber cover
Swiss Re’s insurance unit Swiss Re Corporate Solutions has launched a primary cyber risk protection product specifically for the UK market. The new product, called CyberSolutions UK, combines insurance with risk mitigation and remediation services and is aimed at mid-sized and large companies. Swiss Re Corporate ...
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NewsABI calls for compulsory cyber attack database
The ABI has called on the government to create a database where companies would be obliged to record details of cyber attacks. The database would help overcome the lack of hard data on cyber attacks that is making it hard for insurers to provide appropriate cover, ...
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NewsZurich: Cyber-crime is SMEs’ biggest threat
Cyber-crime is small companies’ biggest worry, according to insurer Zurich’s latest SME Risk Index. The survey of more than 1,000 UK small and medium-sized businesses found that 42% of respondents consider the vulnerability of their technology to be the single largest concern to the success of ...
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NewsUK financial services industry is ‘perfect target’ for cyber attack - report
Financial services companies vastly overestimate how much insurance they have against a cyber-attack, Marsh UK and Ireland chief executive Mark Weil has said. This means the UK financial services industry is ‘perfect target’ for attack, according to lobby group TheCityUK’s Cyber Taskforce report co-written by Marsh. ...
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NewsTalkTalk profit halves after cyber attack
TalkTalk’s full year profit halved as a result of last year’s cyber attack on the mobile phone company. Profit before tax for the year to 31 March 2016 was £14m, compared with £32m the previous financial year. The company was hit by exceptional costs of £83m, ...
