Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm to $57,000, according to an international survey commissioned by insurer Hiscox. Total cyber losses among the study group rose from …
Global specialty insurer Hiscox has appointed Doug Karpp as head of Executive Risks and Cyber in the U.S, which includes Crime and Fidelity, Financial Services and Management Liability insurance products. Karpp, who previously served as senior vice president and the …
Los Angeles-based Grandpoint Bank is now selling cyber insurance policies to its business customers to provide coverage for wire-transfer and cyber fraud. Grandpoint, which does business in California, Arizona and Washington, says it is the first bank to market policies …
