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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.
The threat of a catastrophic cyber attack on our infrastructure is real.
To survive a cyber attack, create a team of cyber crisis specialists; think of them as your Cyber Security Seal Team Six.
Industry forum panelists acknowledged cyber security and investment income challenges, but saw growth opportunities in 2016.
Modeling cyber risk accurately is key to avoiding a subset of D&O claims.
Except for cyber, risk managers can expect declining insurance premiums.
Companies that move data and services to the cloud may put themselves at risk of attack by patent trolls.
It’s our internet passageways that are the weakness, not the walls of our cyber defenses.
Middle-market companies are being targeted by insurers, but some industry sectors are finding it increasingly difficult to get coverage.
A recent ruling requiring “reasonable care” in securing data increases liability risk.
More industry sectors are increasing coverage, while more focus is placed on damage to digital assets.
A look at the latest decisions impacting the industry.
Practitioners urge the professional liability markets to throw off an ‘antiquated mindset.’
Insurers emphasizing risk engineering to cope with reduced investment income.
A social engineering cyber attack results in a massive loss of medical records, a reputational hit and a merger gone bad.
Cyber coverage is readily available and inexpensive, but insureds’ understanding of exposures remains mixed.
Health care risk managers may not be able to stop data attacks, but they can follow some basic strategies to minimize the impact.
With credit card data flooding the black market, criminals are now more likely to hit a company directly by threatening to vaporize data or cripple operations
Reputational risk and political unrest are top of mind for risk executives.
When hackers steal data and publish it online, the financial and reputation repercussions can be severe.