Cyber Risk Is a Growing Threat to Financial Institutions

Cyber-attacks against financial institutions are an increasingly significant risk, Fitch Ratings says. Cyber risk is a growing threat that can adversely affect credit ratings as attacks can compromise customer data and disrupt websites, with detrimental financial or operational consequences for individual issuers and financial systems. Related reputational damage may weaken…

IDC Financial Insights Explores the Rising Demand for Cyber Insurance and the Opportunity It Creates for Insurers Worldwide

Increased digitization and interconnectivity have catapulted the risk of cyber threats as one of the top global perils of 2016 and beyond. To combat this risk, many companies will look to insurance as a critical risk management technique that complements improved cyber security measures. IDC Financial Insights outlines the tremendous…

IronPro Enhances Cyber Product Offering

IronPro, the professional liability unit of Ironshore Inc., is introducing a suite of enhanced risk management services for cyber policyholders. IronPro will provide eligible Ironshore Highly Protected Information (HPI) policyholders with Cyber Monitoring and Alert Services (CMAS) during the policy period.

Insurance A Critical Component Of Cyber Defence Strategy

Cyber insurance is critical to helping businesses view their cyber security defences holistically, but remains a missing piece of the puzzle for too many businesses, APMG International has warned. By achieving the UK Government’s Cyber Essentials, businesses automatically qualify for cyber insurance policies, providing a safety net in case they…
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