Companies Will Make Major Enterprise Wide Changes To Address Cyber Risk In 2018

As cyber attacks increasingly threaten every aspect of business and grow in volume and scale, companies will be forced to take new measures to address cybersecurity risk holistically, integrating it more aggressively into their enterprise risk management, according to Aon's Cyber Solutions industry specialists in the 2018 Cybersecurity Predictions report.…

DAS Spain Launches DAS Cyberbullying Insurance

As figures on school bullying continue to rise, social networks and mobile phones are increasingly a part of young people’s daily lives. According to Spain’s National Statistics Institute, around 70% of 12-year-olds have a smartphone. This combination is creating a scenario in which cyberbullying is increasingly common as a form…

Extreme Cyber-Attack Could Cost As Much As Superstorm Sandy

The report, “Counting the cost: Cyber exposure decoded”, reveals the potential economic impact of two scenarios: a malicious hack that takes down a cloud service provider with estimated losses of $53 billion, and attacks on computer operating systems run by a large number of businesses around the world which could…

Cyber Attacks Show Importance of IT Security to Servicers

The recent global ransomware attacks highlight the importance of robust information technology (IT) security in loan servicers' operational risk frameworks, Fitch Ratings says. Because servicers rely on technology, the robustness of IT security, disaster recovery and business resumption plans are an important part of Fitch's servicer assessments.
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