The real cost of data breaches for businesses
This article presents key findings from 2024 reports on data breaches. Breaches are taking longer to resolve and are becoming more costly for organizations. With recovery …
The future of cyber insurance: Meeting the demand for non-attack coverage
In this Help Net Security interview, Michael Daum, Head of Global Cyber Claims for Allianz Commercial, discusses the significant rise in cyber claims in 2024, driven by an …
Data breaches trigger increase in cyber insurance claims
Cyber claims have continued their upwards trend over the past year, driven in large part by a rise in data and privacy breach incidents, according to Allianz. Cyber claims …
2024 brings new risks, with cyber incidents in the spotlight
Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to Allianz. The closely …
Public exposure of data breaches is becoming inevitable
Ransomware incidents rising again as criminals use data exfiltration and supply chain attacks to maximize their leverage, according to Allianz. Allianz Commercial analysis of …
Cyber risks top worldwide business concerns in 2022
Cyber perils are the biggest concern for companies globally in 2022, according to the Allianz Risk Barometer. The threat of ransomware attacks, data breaches or major IT …
Cyber risk trends driving the surge in ransomware incidents
During the COVID-19 crisis, another outbreak took place in the cyber space: a digital pandemic driven by ransomware. In a recent report, Allianz Global Corporate & …
Snowflake helps financial services organizations leverage data to drive business growth
Snowflake announced the Financial Services Data Cloud, which unites Snowflake’s platform governance capabilities, Snowflake- and partner-delivered solutions, and …
Scott Sayce joins Allianz as Global Head of Cyber
Effective September 1, 2021, Scott Sayce will join Allianz Global Corporate & Specialty (AGCS) as Global Head of Cyber, based in London. He will steer AGCS’s cyber …
Matt Cullina joins Sontiq as head of global insurance business
Sontiq announced the addition of Matt Cullina in the key role of head of global insurance business. Cullina joins the company from Cyberscout, a leader of cyber products and …
New risk protection program improves cloud security posture
Google Cloud, Munich Re and Allianz Global Corporate Specialty (AGCS) announced the Risk Protection Program, a first-of-its-kind collaboration between a major cloud provider …
Cyber insurance claims on the rise
External attacks on companies result in the most expensive cyber insurance losses, but it is employee mistakes and technical problems that are the most frequent generator of …