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Experts at insurance giant AIG have identified the industry sectors at highest risk to systemic threats.
Bank breaches are not always due to legacy operating systems or their inability to cope with new forms of cyber attacks. There is human error.
People in charge of vast volumes of valuable financial data are under increasing pressure to keep customer data safe from hackers & fraudsters.
A known security hole in the networking protocol used by mobile phone providers enabled a string of attacks that emptied bank customer accounts.
Treating cyber risk as a standalone insurance risk promises to unlock the potential for meaningful coverage for both insurers & buyers.
Cybersecurity is changing from a technical problem to being a risk-based issue. Security leaders stuck in reactive mode who do not adapt will fail.
Companies that are the victims of cybercrime and data breach suffer significant costs which can lead to bankruptcy for SMEs.
Cyber criminals are increasingly turning their attention from attacks against private users to targeted ransomware attacks against businesses.
Hiscox Insurance chief says there is an epidemic of cybercrime costing billions. Yet, 53% of US, UK and German businesses are unprepared.
Major US insurer Anthem wants reviews of PC usage by customers seeking damages as it may be solely their client’s fault.