Tag: cyber security

Capital and Risk, Operational

Cyber Insurance Market Procurement Intelligence Report With COVID-19 Impact Update| SpendEdge

April 16, 2021

Via: PR Newswire

The Cyber Insurance market will register an incremental spend of about USD 13.97 Billion, growing at a CAGR of 26.70% during the five-year forecast period. A targeted strategic approach to Cyber Insurance sourcing can unlock several opportunities for buyers. This […]

Capital and Risk, Insurance, Operational

NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S.

April 5, 2021

Via: Insurance Journal

The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how they measure their cyber risk […]

Capital and Risk, Operational

Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank

December 29, 2020

Via: Insurance Journal

MOSCOW – Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country’s largest lender Sberbank said. Russia has encouraged its citizens to switch to bank cards and limit cash use to […]

Activity, Insurance

Ransomware Exposure Driving Up Cyber Insurance Costs

January 22, 2020

Via: Insurance Journal

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, […]


Mobile banking trojans proliferating

August 6, 2018

Via: Finextra

This represents a historic high; more than a three-fold growth when compared with Q1 2018, and over double the installations than in Q1 2017. This is just one of the main findings from Kaspersky Lab’s Q2 IT threat evolution report. […]

Capital and Risk, Operational

New Digital Evidence Emerges of N. Korea Connection to Bangladesh Bank Heist

April 4, 2017

Via: Insurance Journal

Cyber security firm Kaspersky Lab on Monday said it had obtained digital evidence that bolsters suspicions by some researchers that North Korea was involved in last year’s $81 million cyber heist of the Bangladesh central bank’s account at the Federal Reserve Bank of […]

Capital and Risk, Operational

Top Banks in U.S. and Europe Need to Bolster Email Cyber Defenses, New Study from the Global Cyber Alliance Finds

April 3, 2017

Via: PR Newswire

Trust, from both customers and investors, is the most important currency for financial services companies. A breach of trust can break a bank, while maintaining trust leads to long-term success. At its core, financial services customers expect their banking institutions […]