In a new white paper published, BDO’s global cybersecurity leadership group stresses the importance of businesses gaining an understanding of their unique risk profiles in order to ensure the right cyber insurance for their needs.
04 September, 2017 | Cyber Policy Magazine
General Industry News
XL Catlin has enhanced its Cyber & Technology insurance coverage with the introduction of CyberRiskConnect, a new policy form that addresses the rapidly expanding and ever evolving exposures of cyber & technology risk.
24 July, 2017 | Cyber Policy Magazine
Cyber Insurance Policy Plans Coverage
Cyber insurance direct written premium volume for the Property/Casualty (P/C) industry grew by 35% in 2016 to $1.35 billion, according to a new report from Fitch Ratings. For the second year in 2016, annual P/C insurer statutory financial statements include the Cybersecurity and Identity Theft Insurance Coverage Supplement, which provides...
21 July, 2017 | Cyber Policy Magazine
Cyber Insurance Policy Plans Coverage
As businesses increasingly become the target of sophisticated hacking attacks, Lloyd’s warns them that they need to properly prepare themselves or face a hefty bill, including ‘slow burn’ costs such as reputational damage, litigation and loss of competitive edge.
21 July, 2017 | Cyber Policy Magazine
Cyber Attacks Data Breaches
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...
21 July, 2017 | Cyber Policy Magazine
Cyber Attacks Data Breaches
