All Cyber/IT Risk articles – Page 2
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Analysis
Healthcare sector hardest hit by 2021 cyber attacks – Marsh
Data breaches and ransomware accounted for 51% of cyber incidents for the broker’s London clients
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Ukraine war and cyber resilience temper ransomware
Companies’ risk management investments appear to be paying off with ransomware frequency data showing notable moderation
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Business leaders lack confidence in ability to manage cyber risk
Just 43% of respondents have conducted a risk assessment of their vendors or supply chains - Marsh
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Net Zero could double size of London market
Supporting insureds on their transition journeys could generate $125 billion by 2030 - LIIBA
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Financial firms fear advanced cybercrime
Cyber threats, macroeconomic change and geopolitical turbulence will shape emerging risk landscape
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Cyber war exclusions could leave firms high and dry
Businesses caught in cyber crossfire of Russia-Ukraine conflict cannot rely on insurance for protection, warns Databarracks
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Ransomware payments hit new records in 2021
The most affected industries were professional and legal services, construction, wholesale and retail, healthcare, and manufacturing - Unit 42
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Cyber terror fears at heart of insurers’ reluctance to broaden cover
How the industry’s lack of appetite to cover terrorism or nation state cyber warfare risks is hindering market growth
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Fitch warns of spillover cyberattacks
Cyberattacks on businesses and government agencies have increased following the Russian invasion of Ukraine
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Ukraine invasion puts cyber resilience to the test
Firms urged to improve cyber resilience as governments anticipate rise in state-sponsored attacks - MyCena
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Top 10 cyber incidents last year cost firms $600m
Cyber threats are more common, more dangerous and more destructive than ever before - Tokio Marine HCC International
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FCA urges firms to beef up cybersecurity amid Ukraine tensions
Businesses must take a more active ‘defence-in-depth’ approach to combat ransomware reprisal attacks
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Cyber attack hits German fuel distributors
Suspected ransomware attack hits oil storage and distribution firms in northern Germany less than a year after Colonial Pipeline
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Ukraine-Russia tensions call for greater cyber resilience
GCHQ is urging UK firms to bolster their cyber security in response to the malicious attacks in and around Ukraine
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Lessons from Merck’s NotPetya victory
Cyber war exclusions are likely to see future disputes over state-sponsored attacks ruled in insurers’ favour
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2021 sets new data breach record
Nearly six billion accounts were impacted globally, according to data analysed by Atlas VPN
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Cyber threats growing faster than “ability to manage them"
Rewarding efficiency over resilience ’can leave companies vulnerable to shocks’, says Marsh’s Carolina Klint
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Allianz Risk Barometer: Cyber and BI top concerns
’Business interrupted’ will remain the “key underlying risk theme” in 2022
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Cyber resilience requires board commitment
Three-quarters of organisations have fallen prey to at least one cyber attack in the past year, finds the BCI
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Cyber captives to take off in 2022
As the cyber market continues to harden, buyers will seek alternative risk transfer solutions, predicts New Dawn Risk