Cyber Risk

1+ day, 10+ hour ago   (502+ words) CFC has updated its Cyber Proactive Response (CPR) policy to cover senior executives personally targeted in cyberattacks, add affirmative wording for AI-related exposures and extend the business interruption indemnity period from 12 to 18 months. The changes apply to CPR, the cyber…...

2+ day, 5+ hour ago   (205+ words) Tech Edge hosted a fireside chat at Nasdaq MarketSite on Oct. 5 with Jack Kudale, Chief Executive Officer, Founder and Chairman of Cowbell. The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed: How Cowbell's focus is closing the…...

2+ day, 10+ hour ago   (718+ words) Image: Jamie Dimon, World Economic ForumThis file is licensed under the Creative Commons Attribution-Share Alike 2.0 Generic license. Jamie Dimon has been sounding the alarm about Anthropic's Mythos model since the spring. Earlier today he put a number on it. In…...

2+ day, 15+ hour ago   (652+ words) Technology dependency cover remains readily available in the London market, according to Dan Johnson (pictured), class underwriter, cyber at AEGIS London. Large corporates can commonly secure business interruption cover across their technology supply chain, including non-IT suppliers such as payroll…...

2+ day, 19+ hour ago   (1107+ words) Insurance Business 00:00:00 We've completely turned the industry on its head. It's ground-breaking. There is nothing that I've seen at the moment on the market. >> Hello and welcome to Insurance Business TV. I'm Danny Wood, [music] news editor with Insurance Business....

2+ day, 16+ hour ago   (325+ words) Nearly four in ten UK SMEs without cyber insurance believe they face a low risk of attack. The same survey found that 29% of those businesses had already experienced one. "Attackers don't check headcount before they send a phishing email," said…...

3+ day, 5+ hour ago   (801+ words) Artificial intelligence presents a material credit downgrade risk for issuers in a relatively small group of sectors under adverse conditions, according to Fitch Ratings. Most issuers and transactions would avoid broad rating changes under the scenarios tested. The agency modeled…...

3+ day, 15+ hour ago   (738+ words) Cybercrime is a constant and unyielding threat for businesses, with the average cost of a data breach in the US now sitting at a record $10.22 million - the highest globally. For smaller businesses, the risk is even greater. Despite the fact…...

3+ day, 15+ hour ago   (179+ words) In July, the Government published its AI strategy for insurance. This is an ambitious task: adopting new technology is remarkably difficult. Research from Boston Consulting Group suggests that some 70% of technology projects fail to meet their objectives, and yet only…...

3+ day, 11+ hour ago   (88+ words) businessinsurance.com Asia-Pacific cyber rules raise overlapping penalty risks: Report Evolving cyber security and data privacy rules across the Asia-Pacific region could trigger overlapping investigations and penalties for incidents spanning multiple markets and create uncertainty over coverage for cyber-related fines,…...