Mandatory data breach legislation comes into effect February and has already put a rocket under the local market in cyber security insurance as well as supporting legal services. Earlier this year, the Insurance Council of Australia said the local cyber insurance market had been growing more quickly than any other commercial risk market. “Cyber-insurance is recognised […]
CYBER INSURANCE – A DIFFERENT PERSPECTIVE
Cyber Liability & Cyber Crime – more valuable than we realise? For any insurance customer, particularly business owners, there is a proliferation of articles to consume about the urgent necessity to protect your business against the growing criminal epidemic that is cyber-crime. For any individual, it is difficult to know where to start. Questions one […]
FAKE EMAILS CATCH OUT TRUMP ADMINISTRATION
A must-read about Cyber! A White House cyber security official, and several prominent members of the Trump team, have fallen victim to a phishing email fraudster. A self-described ‘email prankster’ convinced several senior members of the White House to think he was other officials and has published his exploits online. The prankster posed as ex-White […]
HOW TO STOP YOUR BUSINESS BEING HELD TO RANSOM
It starts innocuously enough. You receive an email from a colleague; just the regular kind of short message they’re always sending and a link to an article they thought you’d like. But when you click on it, your troubles start. It’s not The Australian or The New York Times that you’re taken to Discover more here. Source: […]
ZURICH UNVEILS CYBERATTACK RESPONSE SOLUTION
Zurich has launched a new cyberattack response solution for businesses across Asia Pacific. DisgitalResolve, a coordinated incident response service, has been launched by the international insurer to help businesses in Asia Pacific mitigate and recover from cyberattacks. Discover more here. Source: insurancebusinessmag.com
DEMYSTIFYING CYBER INSURANCE COVERAGE
Organizations continue to invest heavily in cybersecurity efforts to safeguard themselves against threats, but far fewer have signed on for cyber insurance to protect their firms after an attack. Why not? What roadblocks exist, and what steps could the industry take to help clear them? Discover more here. Source: dupress.deloitte.com
IS YOUR DATA SAFE? HERE ARE THE TOP 10 COUNTRIES WITH THE MO...
From the Democratic National Convention to a huge Bitcoin heist, 2016 marked a big year for cyber attacks. And unfortunately, the problem has not gotten any better. We’ve seen a number of major hacks this year — in fact, some of the biggest. Most recently, a global ransomware attack called “WannaCry” has hit thousands of people using […]
THE PERSONAL IMPACT OF CYBERCRIME
Fifty-one percent of people think that over the past five years it’s become harder to stay safe and secure online than in the real world. Yet, 689 million people in 21 countries experienced cybercrime within the last year alone. The reason for this staggering number is simple. Discover more here. Source: community.norton.com
4 CYBER RISK MISCONCEPTIONS POPULAR WITH MIDSIZED FIRMS
Despite frequent reports of hacking, cybercrime, security breaches and related events in all parts of the U.S., many middle market companies continue to underestimate their exposure to these attacks along with their need for focused risk management measures, which may include the purchase of specialized insurance. A new report from Assurex Global, a privately-held commercial […]
ALMOST ALL HACKER INSURANCE POLICIES ARE HELD BY COMPANIES I...
Nearly nine out of 10 “hacker insurance” policies in the world are taken out in the United States, but demand around the world is about to spike. Many companies outside the United States including Australia may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been […]
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