Danish company Demant expects to suffer huge losses due to cyber attack
Danish hearing health care company Demant has estimated it will lose between $80 and $95 million due to a recent “cyber-crime” attack. Though the company has yet …
cyber insurance
How organizations view and manage cyber risk
Amid a wider range of issues to handle, a majority of board members and senior executives responsible for their organization’s cyber risk management had less than a day in the …
The ransomware attack cost Norsk Hydro $40 million so far
A little over a week after the beginning of the ransomware attack targeting Norsk Hydro, the company has estimated that the costs it incurred because of it have reached …
Weighing the options: The role of cyber insurance in ransomware attacks
The Norsk Hydro cyberattack is a real-time case study of what an international company goes through when a ransomware attack is successful. Over the last week, we’ve witnessed …
How companies view their cyber exposure, and how they deal with it
The 2018 Travelers Risk Index found cyber risks are the No. 2 concern across all business sizes and industries, and the percentage of businesses reporting they have been the …
83% of SMB owners have no cash put aside to deal with the fallout from a cyber attack
Small businesses are leaving themselves exposed to significant financial risk from cybercrime by not having adequate measures in place to recover in the event of a cyber …
Insurance experts expect higher cyber-related losses
Insurance companies are expecting increased cyber-related losses across all business lines over the next 12-months, driven by increasing reliance on technology and …
There are no real shortcuts to most security problems
For Xerox Chief Information Security Officer Dr. Alissa Johnson, human ingenuity, partnerships and automation are the answer to most security problems the company has …
Less than a third of companies have dedicated cybersecurity insurance
Only one third of senior executives in UK organisations admit their company insurance currently covers them for a security breach and for the financial impact of data loss, …
Big data and insurance: Implications for innovation and privacy
The use of big data analytics in insurance offers societal benefits, as improved understanding of risks can inform risk reduction and enhance insurability. However, …
Is cyber insurance worth the paper it’s written on?
Weighing up whether you think insurance is worth it, in any situation, depends to some extent on personal experience. You can see the value of protection far more clearly if …
Half of US firms don’t have cybersecurity insurance
A full 50 percent of US firms do not have cybersecurity insurance, despite the fact that 61 percent of US firms expect the volume of cyber breaches to increase in the next …