The cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an estimated US$2.5 billion in 2014, according to a new report by London-based business intelligence company, …
Small and medium-sized enterprises (SMEs) around the world are increasingly concerned about the impact of competition on margins and lack of consumer demand, according to Zurich Insurance Group’s third annual global SME survey. The survey* polled 3000 C-suite executives and …
Beazley has joined forces with Lloyd’s syndicates managed by Aspen and Brit Global Specialty to launch the International Cyber Consortium. The consortium will focus on providing robust data breach cover to businesses domiciled outside the United States with revenues in …
The German car giant that gave the world the Beetle may soon help you fend off cyber criminals. Volkswagen AG teamed with insurer Allianz SE, medical company Bayer AG and chemicals producer BASF SE to sell information-technology security services to …
The U.S. Department of Justice and FBI said today that they along with an international coalition of law enforcers have shut down the underground computer hacking forum known as Darkode and filed criminal charges against 12 individuals associated with the …
The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge fund’s bank, and warned there …
Howden, the London-based international broking arm of Hyperion Insurance Group, and cyber insurance technology specialists Insurisx Inc. have launched a technology-based platform, designed to help clients of all sizes improve security and resilience from potential cyber attacks. The companies said …
Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to …
The U.S. Supreme Court buttressed speech protections on the Internet, throwing out the conviction of a man who used graphic language on Facebook to suggest he might kill his wife, kindergarten students and an FBI agent. The case marks the …
A group of politicians, law enforcement members and business leaders has given its blueprint for how Ohio communities can deal with cyberattacks to the state Emergency Management Agency. The Columbus Dispatch reported the Cybersecurity Work Group unveiled its report on …
