Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …
Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the cyber insurance …
Cyber attackers in Iran could be behind a wave of hacks on government and communications infrastructure that will require a coordinated global response to repel, according to cyber-security firm FireEye Inc. FireEye researchers have identified attacks on dozens of internet …
The $100 million lawsuit that Mondelez, the maker of Oreos and Cadbury chocolate, has brought against Zurich Insurance Group shows that governments should be more careful about identifying the would-be culprits in putative cyber-wars: Such claims can have unintended consequences, …
CFC, the London-based managing general agent that specializes in emerging risks, announced it has expanded its cyber insurance product to include business interruption as well as a variety of cyber-crime activities. With CFC’s new cyber insurance product, businesses will benefit …
The U.S. Supreme Court on Monday declined to hear Fiat Chrysler‘s appeal in a class action lawsuit over allegations that its Jeeps and other trucks are vulnerable to hacking, one of the first legal cases involving automotive cyber security risks. …
Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be embraced by regulators. Getting …
Germany’s Office for Information Security (BSI) has issued warnings to several German firms named by the United States as possible victims of hacking attacks, a newspaper reported, adding that Chinese activity against German firms had increased. Cyber experts have long …
A poll of small and medium-sized enterprises (SMEs) and micro businesses in the UK shows over half are confused by or even unaware of the rules around the EU’s General Data Protection Regulation (GDPR), while more than eight out of …
A hack on Italian oil services firm Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on …
