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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1)

CGI

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). Thu, 12/07/2017 - 15:32. This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. p.butler@cgi.com. Change accelerators.

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Rise in cyber attacks leads to cyber insurance business soaring

IT Governance

Increased interest in cyber insurance. With more than 800 million records being leaked in 2017 ( find out more in our Breaches and Hacks Blog Archive ), it’s not surprising that cyber insurance business has increased in recent months. Insurers assess an organisation’s cyber risk to set premium levels.

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Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1)

CGI

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). Mon, 07/31/2017 - 05:30. This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. harini.kottees…. Change accelerators.

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Episode 158: How NotPetya has Insurers grappling with Systemic Cyber Risk

The Security Ledger

We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.

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Security Affairs newsletter Round 469 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Companies and Government Agencies ArcaneDoor – New espionage-focused campaign found targeting perimeter network devices Israel Tried to Keep Sensitive Spy Tech Under Wraps.