It’s no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official and industry CEO argued separately at ITC Vegas …
Insurer Aon plc announced the launch of a new offering aimed at increasing the resilience of businesses in the UK and the Europe, Middle East, and Africa (EMEA) region, by addressing cyber insurability challenges. “Ransomware Defence” brings Aon’s cyber security …
Many Kansas school districts aren’t taking basic steps to protect their computer systems and the privacy of sensitive information collected about students, according to a legislative audit release. The report from the Legislature’s auditing agency based its conclusions on a …
MOSCOW (AP) – Russian authorities have arrested an executive of a top cyber-security company on the charges of high treason, a move that has sent shock waves through Russia’s business community. A court in Moscow on Wednesday announced a ruling …
Climate change has returned to the top of the list of insurers’ biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries. Global warming was ranked as the biggest risk to …
CHICAGO (AP) — Austin Moody wanted to apply his cyber-security skills in his home state of Michigan, teaming up with investigators for the State Police to analyze evidence and track down criminals. But the recent graduate set the idea aside …
HSB Canada, part of Munich Re, has introduced HSB Cyber Suite, a comprehensive collection of cyber insurance and services designed to protect small and medium-size businesses from cyber-attacks, data breaches, identity theft, and cyber extortion. HSB Cyber Suite is a …
The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it urged companies to report extortion attempts and better protect themselves from them. Deputy Treasury Secretary Wally Adeyemo told reporters that …
Trumpeting a message that he conceded might be different from peers, Stefan Golling, a member of Munich Re Board of Management, said that Munich Re remains bullish on the cyber insurance and reinsurance markets. In fact, “if insurers and reinsurers …
Wisconsin’s governor has signed into law legislation creating new cybersecurity requirements for protecting data collected by the insurance industry. Governor Tony Evers signed Act 73, which is based on model legislation developed by the National Association of Insurance Commissioners (NAIC) …
