When it comes to artificial intelligence’s use of intellectual property and personal identifiable information, the technology may be new but the underlying legal and risk management principles that govern it are not.
Deepfake scams using AI to impersonate executives are on the rise, leading to significant financial risks for companies, according to HUB International.
Generative AI has enabled people to create images and content faster than ever before. Employers must remain vigilant should an employee choose to create nefarious and harassing content of their coworkers.
Intangible assets, like information and IP, are increasingly among a company’s most valuable assets, but face a coverage gap compared with physical assets, Aon report finds.
With rising cyber threats, the U.S. cyber insurance market faces hardening conditions in 2024, as KYND Ltd.’s survey reveals increased rates and underwriting standards.
Health care facilities are an attractive and vulnerable target for cyberattack. Understanding the cyber landscape and getting the right insurance team in place is just the first step to stopping cybercriminals in their tracks.
Despite a maturing cyber insurance market, Munich Re’s report reveals a significant gap in coverage, with 87% of decision makers feeling inadequately protected against cyberattacks.
Gartner’s cybersecurity predictions for 2024 reveal a shift toward GenAI adoption, increased focus on human behavior, and the escalating cost of combating misinformation.
Insurance CROs are optimistic about their ability to shore up their operational defenses in 2024 despite global economic headwinds, and complex emerging risks, EY/IIF survey finds
The rise of generative AI and Large Language Models (LLMs) heralds a new era in cyber risk, potentially enabling more effective and widespread cyber-attacks, warns a recent report from Lloyd’s.
AI isn’t just being used by the good guys. As cybercriminals incorporate AI tools into their arsenals, organizations must ramp up their mitigation and response plans.
Bad actors continue to be just that — bad — but with the right prevention and mitigation strategies, insureds can put up a stout fight against cyber intrusions.