The vague wording of China’s new counter-terrorism law raises concerns about how telecommunications carriers and network service providers will be expected to implement the regulations in practice, the European Chamber of Commerce in China said on Tuesday. The law, approved …
Cyber attacks on the private sector are an increasingly important risk in corporate credit analysis, U.S. ratings agency Moody’s Investors Service said this week. The threat of computer hacking varies from sector to sector and remains hard to measure because …
Only one-third of insurers in the London market believes their firm could withstand a major cyber attack, and almost half felt they were underprepared, according to a survey conducted by Xchanging plc, the U.K. business technology and services provider. Insurers, …
Chancellor of the Exchequer George Osborne announced he’ll double funding to strengthen the U.K.’s cyber defenses, while refusing to confirm that budget cuts to be announced next week would spare Britain’s police forces, as Europe braces for further attacks from …
HSB Engineering Insurance has launched a new cyber insurance product aimed directly at small to medium-sized businesses in the U.K. In response to the growing demand for insurance solutions to cover cyber risks, HSB’s Cyber Insurance product provides computer, data …
Cyber security is clearly on the minds of business executives, most of whom acknowledge their firms have been victimized by some sort of cyber attack. What are they thinking about cyber security, cyber liability and cyber insurance? Below are summaries …
Foreign business lobbies have asked China to substantially revise proposed cyber security regulations for the insurance industry, signaling a dispute that started with the publication of similar bank technology rules earlier this year may widen. The draft regulations, announced by …
The US and British governments will hold a joint exercise to test cyber security and information sharing arrangements involving global financial institutions, according to the UK National Computer Emergency Response Team (CERT). The initiative will not be a “war game” …
Space, the ‘final frontier’, is rapidly becoming an extra-terrestrial battleground for corporate espionage and other types of cyber attack as hackers seek to gain commercial advantage from rival networks operating in the $330-billion space economy. At the same time, a …
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 …
