Cyber – Page 31
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NewsExpert View: New EU data protection regulation set to expand the cyber insurance market
With companies facing increased obligations and high potential penalties, will they turn to cyber insurers for help? NIG director of underwriting and pricing Justin Clarke looks at the possible consequences for the insurance business
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NewsConnected cars vulnerable to hackers 'for a decade'
Connected cars will be vulnerable to hackers for a decade, according to leading tech security expert Eugene Kaspersky. Founder of Kaspersky Lab, the former Soviet intelligence officer told the Financial Times that today’s connected cars are “more safe but less secure”, because of their networked safety ...
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NewsCyber cover may be worthless if employees hack data
Cyber insurance policies may be worthless if company data is hacked by disgruntled employees, according to lawyers. Unless the policy specifically covers employee actions, insurers may decide not to pay out on claims, according to Manoj Vaghela of law firm Pinsent Masons. “In the absence of ...
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NewsBeazley and Munich Re to launch cyber offering with broader cover
Beazley and Munich Re are planning to launch a cyber offering. The insurer and reinsurer will be offering tailor-made cyber policies with double the amount of coverage that was previously available. The policies will cover physical damage to property and bodily injury as well as more ...
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NewsRSG launches Lloyd’s-backed cyber-risk MGA
Ryan Specialty Group (RSG)’s underwriting division has launched EmergIn Risk, a London-based cyber-risk managing general agency (MGA). EmergIn Risk has secured an initial £20m of Lloyd’s capacity, which will allow it to offer global companies protection against exposure to system and network interruptions, data corruption or ...
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AgendaYour best defence against cyber crime? Your people
People are often the most overlooked and underestimated weakness in a company’s cyber security. NIG’s Justin Clarke and Graeme McGowan of BeCyberSure and Optimal Risk Management explore the risks.
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AgendaCyber risk: a virtual threat that’s all too real
Steve Scott, Director of Broker Markets, NIG, believes that as well as getting a suitable cyber insurance policy, SMEs need to think about extending their current risk management controls to include cyber risks
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NewsLloyd's sets new common standards for cyber risks
Collaboration with risk modellers produces common terminology and definitions
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NewsBiba and government team up to help brokers give better cyber advice
Biba will sponsor members to join government’s information sharing scheme and benefit from real-time cyber threat information.
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NewsStandalone cyber polices are the only way for full cover - IUA
Report finds many conventional classes of business have cyber exclusions
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NewsBoards need to hire younger directors to prevent cyber threat
Finance experts say young directors can contribute in-depth understanding of the risks and preventative strategies
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NewsFinance sector high on list of criminal targeted cyber-attacks
The research by Control Risks predicts that hardware compromise will be the most impactful cyber-attack technique in 2016
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Online onlyCyber Insights: Live Updates
The Insurance Times editorial team brings you all the latest updates from the Cyber Insights event held in London, as they happen.
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Online onlyCyber policies are a ‘mess’ of many different risks
Cyber policy wordings need refining if they are to be sold better, delegates at Cyber Insights 2015 hear
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Online onlyCyber crime is the biggest threat facing UK companies – CFC chief
Graeme Newman says the insurance industry must help small businesses build awareness to cyber risks
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Online onlyFractured cyber insurance market is at ‘difficult stage’
Speakers at Cyber Insights 2015 said the industry is failing to communicate on cyber risk
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Online onlyHigh profile cyber attacks are encouraging SME uptake – AJG head of tech
Richard Hodson is speaking at Cyber Insights 2015
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NewsLondon Market underprepared for TalkTalk-style hacking
Only one-third of London Market insurers believe their firms can withstand major cyber-attack – Xchanging survey
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NewsCyber security held back by insurance and regulation - spy chief
The normal drivers of change; regulation, incentivisation, insurance cover and legal liability, are still immature
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AgendaAnalysis: Poor grasp of cyber risk leaves businesses vulnerable
Few UK companies are aware enough of the growing threat to have cyber insurance, and some brokers are not selling cyber cover simply because they don’t understand the risk
