'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
UK insurer arranged $5m ransom for MV Abdullah - The Business Standard
No money laundering involved, says KSRM
No money laundering involved, says KSRM
tbsnews.net /
Article / 9 days ago
Inside in Full: Claims severity is back for Ransomware Wave Two
Back in July, I wrote about the return of ransomware, and the impact on the global cyber market...
Back in July, I wrote about the return of ransomware, and the impact on the global cyber market...
Article / 6 months ago
Cyber claims case study: Vulnerable VPN
Hackers access a bank's system through a vulnerable VPN, holding data for ransom...
Hackers access a bank's system through a vulnerable VPN, holding data for ransom...
Article / 1 year ago
IMR 2023 – Cyber risk
An increased level of competition from cyber underwriters has led to more nominal rate increases...
An increased level of competition from cyber underwriters has led to more nominal rate increases...
Article / 1 year ago
Medibank faces $1 billion bill as hackers release 1500 more sensitive records - TSMH
Medibank could face a $1 billion compensation bill from an unfolding cyberattack, as hackers targeting the company released the biggest tranche of customer data yet...
Medibank could face a $1 billion compensation bill from an unfolding cyberattack, as hackers targeting the company released the biggest tranche of customer data yet...
smh.com.au /
Article / 1 year ago
Travelers Seeks to Rescind Cyber Policy; Insured Lied About MFA Use
In what may be one of the first court filings of its kind, insurer Travelers is asking a district court for a ruling to rescind a policy because the insured...
In what may be one of the first court filings of its kind, insurer Travelers is asking a district court for a ruling to rescind a policy because the insured...
Article / 2 years ago
Graff Diamonds Jeweler Pays $7.5 Million Crypto Ransom to Hackers - Bloomberg
Graff is suing Travelers over its refusal to cover the payout; Ransomware gang threatened to leak high-profile clients’ data...
Graff is suing Travelers over its refusal to cover the payout; Ransomware gang threatened to leak high-profile clients’ data...
bloomberg.com /
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
Worst may be over for tough cyber reinsurance market - Business Insurance
The cyber liability reinsurance market remains restricted, but more capacity is expected to enter the sector, albeit slowly and cautiously...
The cyber liability reinsurance market remains restricted, but more capacity is expected to enter the sector, albeit slowly and cautiously...
businessinsurance.com /
Article / 2 years ago
European cyber pricing to stabilise in H2: Marsh
Cyber insurance pricing in Europe is likely to stabilise in the second half of 2022 as measures to stem ransomware losses bear fruit, according to Marsh...
Cyber insurance pricing in Europe is likely to stabilise in the second half of 2022 as measures to stem ransomware losses bear fruit, according to Marsh...
Article / 2 years ago
