Many UK firms are failing to adequately assess their customers and trading partners for cyber risk, and are more vulnerable to cyber attacks themselves as a result, according to a study published by Marsh. Marsh’s Cyber Risk Survey Report found …
Swiss Re Corporate Solutions joins forces with IBM Security to provide advanced cyber risk protection products and services to companies worldwide, aiming to help businesses defend themselves against increasingly sophisticated cyber attacks. The IBM-Swiss Re Corporate Solutions agreement combines IBM’s …
The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director Michael McRaith assured an industry crowd last month. “We …
The U.S. Senate Intelligence Committee voted 14-1 on Thursday to approve a bill intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats. The panel’s approval cleared the way for a vote in the full Senate …
Hackers are increasingly stealing directly from banks and other companies and helping organized crime to operate more efficiently, according to the chief of cyber-security firm Kaspersky Lab. Examples range from infecting cash machines to dispense all their money to thieves, …
New York’s top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for cyber attacks, following a similar request to major banks earlier this year.The New York State Department of Financial Services …
Cyber security threats against the United States are growing, President Barack Obama said before a meeting on Wednesday with corporate leaders about the issue, as concerns rise about hacking attacks emanating from China. Speaking in a television interview, Obama stopped …
Beazley plc has launched new computer crime and account takeover coverages for financial institutions. The enhanced computer crime policy is designed for the continually evolving services and applications that financial institutions are offering their clients. It also addresses the constantly …
The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial networks appeared to be emerging from an “unusual” source. Committee Chairman Mike Rogers did not specifically identify the purported new …
The U.S. isn’t alone in having to deal with the increased threats from social media and the potential they pose to reputation risk, as well as the protection of confidential information. These risks are also becoming more significant for European …
