Cyber claims set to increase 25% in 2023
An increase in ransomware attacks in 2023 is challenging companies' cyber security defenses according to a new report by Allianz...
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Fri, November 15, 2024
Jul 18, 20232 min read
Global cyber insurance could exceed $50bn by 2030
The cyber insurance market has the potential to scale to rival the size of other major P&C lines if three major challenges can be...
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Jul 11, 20232 min read
Global cyber loss event estimated at $33bn
A one-in-200-year cyber event has the potential to produce damages between $15.6bn and $33.4bn and a one-in-50-year event could lead to...
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May 22, 20231 min read
Cyber attacks driven by software vulnerabilities
Combatting the increased exploitation of software vulnerabilities with a layered 'defence in depth' cyber security strategy is essential...
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May 2, 20232 min read
Regulator directs insurers to lay down social media guidelines for employees
The IRDAI has asked insurance companies to set out social media guidelines for their employees to ensure that no unverified or...
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Apr 24, 20233 min read
IAIS assesses cyber risks in insurance sector and financial stability implications
The cyber insurance market saw substantive changes in underwriting controls, including tighter terms and conditions, and stricter risk...
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Apr 18, 20234 min read
Over 70% Of APAC organizations have been a victim of identity security attacks
Only 9% of global organizations are taking an agile, holistic and mature approach to secure identities throughout their hybrid and...
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Mar 27, 20232 min read
Trillion-dollar global protection gaps identified
A new report by Global Federation of Insurance Associations (GFIA) has identified and quantified the most significant - and growing -...
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