Posts Tagged ‘cyber risk’



July 11th, 2018

Developments in the Data Privacy Regulatory Landscape

Posted at 1:00 AM ET

The recently enacted European Union (EU) General Data Protection Regulation (GDPR), the National Association of Insurance Commissioners (NAIC) Model Law and the New York State Department of Financial Services (NYDFS) Cybersecurity Act all address data privacy (the personal information of individuals) and data protection (using such personal information for business objectives), but from different perspectives.

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July 4th, 2018

Chart: The Cyber Insurance Matrix Explained

Posted at 1:00 AM ET

Chart examines the policy coverage matrix between cyber and property lines of insurance coverage. Continue reading…

June 27th, 2018

Why All the Talk about Cyber?

Posted at 1:00 AM ET

GC Capital Ideas has recently posted several articles about cyber security and the need to implement robust prevention and response mechanisms. Posts on cyber typically are among our most viewed stories.

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June 21st, 2018

Captives Offer Access to Capital

Posted at 1:00 AM ET

Captive owners are seeking options for coverage of terrorism and other high-severity risks. Among other benefits, captive owners gain flexible options to finance emerging and high-severity risks, such as cyber liability, terrorism, and cyber terrorism.

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May 8th, 2018

Internet of Things: Building Cyber Resilience in a Connected World

Posted at 1:00 AM ET

The Internet of Things (IoT) is driving huge advances in organizational efficiency, reinventing the customer experience and spurring business innovation and opportunities. But the explosion of IoT devices is also dramatically changing the cyber risk landscape, creating new product vulnerabilities and system exposures for organizations that make or deploy them.

In the new Insight from Guy Carpenter sister company, Marsh, “The Internet of Everything: Building Cyber Resilience in a Connected World,” we explore how internet-connected devices - from toys and refrigerators, to medical devices and industrial control systems - are introducing or increasing cyber risk for businesses that design, manufacture, service or use IoT products. We also look at ways organizations can prepare for IoT-related cyber risks through the use of IoT risk assessment and review of their cyber and E&O insurance policies.

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April 4th, 2018

Cyber Risk Management: Ten Questions to Ask Management About Your Organization’s Cyber Readiness

Posted at 1:00 AM ET

The annual economic cost of cyber-crime is estimated at USD 1.5 trillion and only an estimated 15 percent of that loss is currently covered by insurance. When the next cyberattack comes-and it is a “when,” not an “if”-boards want to be reassured that their organization is prepared to respond and mitigate the damage.

However, research by WomenCorporateDirectors (WCD) and the Marsh & McLennan Companies Global Risk Center suggests that many directors are unclear about how cyber insurance can enhance their organizations’ cyber risk management framework.

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March 26th, 2018

Cybersecurity Risks on Radar

Posted at 1:00 AM ET

Cybersecurity risks are increasingly being managed as a result of growing use of technology. Organizations’ Treasury and Finance functions are tasked with managing risks resulting from recent technology adoptions. Three-fourths of corporate practitioners report that cybersecurity risks have surfaced at their companies as a result of the increased use of new technologies. Slightly less than half cite operational risk as a concern (47 percent), followed by business continuation (41 percent).

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March 1st, 2018

Cyber Risk Management Perspectives

Posted at 1:00 AM ET

Here we bring together recent GC Capital Ideas posts that discuss perspectives on the evolving cyber risk environment.

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February 26th, 2018

Cyber Response Plans Lacking

Posted at 1:00 AM ET

Only 30 percent of organizations have a cyber response plan, according to survey results.

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