UK (re)insurers are consulting on a proposal to create two state-backed cyber (re)insurance schemes which...
Great American hires Hiscox's Henry for K&R team
Great American Insurance Group has strengthened its kidnap and ransom (K&R) team with the hire of Kevin Henry from Hiscox....
Great American Insurance Group has strengthened its kidnap and ransom (K&R) team with the hire of Kevin Henry from Hiscox....
Article / 1 year ago
NetDiligence study: SMEs' average ransomware incident cost rose 28% to $453K in 2021
A NetDiligence claims study has shown that ransomware was the leading cause of cyber loss among SMEs for the third year in a row in 2021, while the...
A NetDiligence claims study has shown that ransomware was the leading cause of cyber loss among SMEs for the third year in a row in 2021, while the...
Article / 2 years ago
Fairfax-owned Crum & Forster suffers major RansomHouse cyber breach
Specialty carrier Crum & Forster has suffered a significant cyber breach at the hands of RansomHouse...
Specialty carrier Crum & Forster has suffered a significant cyber breach at the hands of RansomHouse...
Article / 2 years ago
Jeweller Graff sues Travelers over disputed cyber ransomware claim
High-end diamond house Graff has launched a legal suit in London's High Court against Travelers Syndicate 5000 to recover more than £9mn ($11mn) in losses incurred after the jeweller fell victim...
High-end diamond house Graff has launched a legal suit in London's High Court against Travelers Syndicate 5000 to recover more than £9mn ($11mn) in losses incurred after the jeweller fell victim...
Article / 2 years ago
Generali France follows Axa in ending cyber extortion reimbursement payments
Generali is understood to have followed rival Axa in stopping providing cover in France that reimburses customers for extortion payments made in response to ransomware...
Generali is understood to have followed rival Axa in stopping providing cover in France that reimburses customers for extortion payments made in response to ransomware...
Article / 2 years ago
Leading cyber reinsurer Envelop Risk warns on Log4j threat
Cyber (re)insurers must brace themselves for a fresh wave of attacks and ransomware demands in 2022 following the emergence of the so-called Log4j vulnerability last month, a leading cyber reinsurer has warned...
Cyber (re)insurers must brace themselves for a fresh wave of attacks and ransomware demands in 2022 following the emergence of the so-called Log4j vulnerability last month, a leading cyber reinsurer has warned...
Article / 2 years ago
Corvus: Ransomware claims frequency dropped off after Q1 2021
The frequency of Corvus' ransomware claims dropped in the second and third quarters of 2021 compared...
The frequency of Corvus' ransomware claims dropped in the second and third quarters of 2021 compared...
Article / 3 years ago
Beazley pushing harder on cyber rates than peers to ensure policy integrity: Cox
Beazley is pushing harder for rate increases in cyber than some of its competitors as the carrier looks...
Beazley is pushing harder for rate increases in cyber than some of its competitors as the carrier looks...
Article / 3 years ago
Gov intervention on ransomware sees hackers focus on private sector
Government intervention in the wake of a number of high-profile ransomware attacks has led to hackers shifting their...
Government intervention in the wake of a number of high-profile ransomware attacks has led to hackers shifting their...
Article / 3 years ago
Ransomware the “predominant” cyber threat as attacks jump 170% in 2020
Ransomware is now the predominant cyber threat confronting businesses, with the number of attacks increasing 170 percent over 2020...
Ransomware is now the predominant cyber threat confronting businesses, with the number of attacks increasing 170 percent over 2020...
Article / 3 years ago
