Posts Tagged ‘cyber’



June 20th, 2018

Better Quantifying Cyber Exposure Will Help Determine Risk Finance Needs

Posted at 1:00 AM ET

As evidenced by the millions of dollars potentially at stake in a cyber event, financing to help an organization recover from a cyber-attack is more important than ever, with serving insurance a key part of the equation.

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June 18th, 2018

Guide to Cyber Coverage Options

Posted at 1:00 AM ET

Cyber Risk Management: Response and Recovery, the new report from Marsh & McLennan’s Global Risk Center and WomenCorporateDirectors, includes a Guide to Cyber Coverage Options.

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June 14th, 2018

Threat Trends on Major Cyber Attacks in 2017

Posted at 1:00 AM ET

The Marsh & McLennan Companies Cyber Risk Handbook 2018 is published.

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June 12th, 2018

A Heightened Focus on Cyber Response and Recovery

Posted at 1:00 AM ET

Over a third of directors of U.S. public companies now discuss cybersecurity at every board meeting. Cyber risks are being driven onto the agenda by high-profile data breaches, distributed denial of services (DDoS) attacks and rising ransomware and cyber extortion attacks. The concern about cyber risks is justified. The annual economic cost of cyber-crime is estimated at USD 1.5 trillion and only about 15 percent of that loss is currently covered by insurance.

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June 6th, 2018

Directors Risk Survey Report 2018

Posted at 1:00 AM ET

Guy Carpenter sister company Marsh has introduced their annual Director Risk Survey Report, done in conjunction with the Institute of Directors. The results reflect changes in the evolving local and global risk landscapes - with cyber, IT, talent attraction and retention and the loss of a key person just some of the risks highlighted.

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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 30th, 2018

Guy Carpenter Licenses First-of-its-Kind Cyber Risk Modeling Platform from CyberCube Following Strategic Alliance

Posted at 9:00 AM ET

Guy Carpenter & Company today announced that its two year strategic relationship with CyberCube Analytics, formerly part of Symantec Corporation, has produced the industry’s first cyber risk modeling platform with an inside-out view of cyber risk exposure.

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April 19th, 2018

Cyber Insurance Adoption is Increasing

Posted at 1:00 AM ET

The role of insurance in enhancing cyber resilience is increasingly being recognized by policymakers around the world, and the Organisation of Economic Co-operation and Development is recommending actions to stimulate cyber insurance adoption. Globally, it is expected the level of future demand for cyber insurance will depend on the frequency of high-profile cyber incidents as well as the evolving legislative and regulatory environment for privacy protections in many countries. In India, for example, there was a 50 percent increase in companies buying cybersecurity coverage from 2016 to 2017.

A new report from Marsh & McLennan’s Global Risk Center and WomenCorporateDirectors outlines everything directors need to know to position cyber insurance within a comprehensive risk management framework.

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April 9th, 2018

Large-Scale Cyber-Attacks on the Financial System

Posted at 1:00 AM ET

Cyber-attacks on financial institutions are becoming more frequent, complex, and sophisticated, with potential for far-reaching, systemic impacts. The motivation of cyber-attackers is shifting from purely achieving financial gains to disrupting critical infrastructures, such as through nation-state attacks, which threatens the basis for confidence in the financial system and even national or international stability.

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