Alllianz Global Corporate & Specialty cyber report: Growing cost of ransomware attacks impacting businesses of all sizes Sophistication and frequency of business email compromise attacks also increasing Emerging risk trends include: heightened risk of state-sponsored attacks, the evolving third party liability landscape, a shortage of cyber security professionals, and cyber governance under increasing ESG scrutiny Better cyber risk insights help …

AGCS report highlights cyber risk trends driving the surge in ransomware incidents, such as double and triple extortion and supply chain attacks. Business interruption and recovery are the main causes of financial loss for companies. Many attacks could be prevented if companies strengthen their cyber security and controls – often with simple measures. During the Covid-19 crisis another outbreak has …

Allianz Risk Barometer 2020: Cyber top peril for companies globally for the first time 9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event Business interruption ranks second, but remains a key …

Chubb’s latest Cyber InFocus Report, “Know the Latest Trends in Cyber Risks,” outlines the newest cyber exposures that all institutions should have on their radar. The first of these new risks surrounds a recent surge in Biometrics Information Privacy Act (BIPA) lawsuits, which has created a growing need for organizations to better understand current and emerging privacy laws. BIPA regulates …

It is no secret that cryptocurrency is captivating audiences and opportunists on a global scale. By utilizing the cryptocurrency model of block chain technology, users can perform transactions more quickly and anonymously. As such, many believe cryptocurrency was initially created to facilitate illicit activity such as human trafficking and narcotics. That impression has since been replaced as more and more …

Demand is on the rise for cold storage vault services for cryptocurrency. As CIT and vault providers work to meet the demand, they are facing risks that are at once similar and very different from those they encounter with their cash services. As a vault or transport provider, how well do you understand the risks of cold storage? Our latest …

Save the date! Colombia | September 5th 2018 | “Los riesgos cibernéticos y su asegurabilidad en Latinoamérica” Insuralex Programme, speakers and registrations will be published soon. Insuralex is an affiliation of independent and Chambers awarded law firms. Its members are all recognized by their peers in their own jurisdictions as expert in the fields of insurance, reinsurance and defence litigation. Insuralex currently have …

The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology devices. The model incorporates critical security data, such as current threat intelligence from multiple sources, effectiveness of an organization’s cyber controls, potential impact of a cyber breach on an organization, and insights gained from the thousands of cyber claims handled by …

  Over the past few decades the internet has enabled extraordinary innovation to take place, creating new business models, giving rise to world-changing companies and generating millions of jobs. But this progress has come at a cost. By their nature, digital systems are susceptible to cyber-attacks by malicious individuals or groups with increasingly serious repercussions for businesses around the world. …