Cyber & technology
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NewsCyber parametric solution will ease risk managers’ headaches
Founder and CEO of Intangic expects the concept will quickly become familiar with insurance buyers
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Cloud providers suffered nearly 500 critical outages in 2022
About a third of events impacted US cloud regions, with a total of 1,190 performance disruptions overall
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$2.2 trillion global electronics industry at threat from semiconductor supply chain
Risks include geopolitical tensions, earthquakes, and extreme weather, but risk transfer solutions remain thin on the ground
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London-based Cyber MGA launches with parametric policy
The policy has two triggers: the level of malicious activity targeting a company, and a subsequent loss in value
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Is the cyber crunch behind us?
Financial Lines markets across Europe are experiencing rapid change as rates begin to taper off
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SMEs more exposed to cyber-attacks as resilience grows, finds BCI
Phishing and spear phishing remain the most frequent form of cyber-attack, but ransomware is ranked second most disruptive
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Remote cyber attack shuts down Spanish hospital
The attack on the Hospital Clinic de Barcelona was orchestrated from outside of Spain by a group called RansomHouse
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Cyber expert shares top 10 social engineering techniques
The watering hole, piggybacking, dumpster diving, and other social engineering attacks threatening employees
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EU Manufacturers' liabilities grow under the Cyber Resilience Act
All new products will require a cyber risk assessment, followed by continuous monitoring and patching of vulnerabilities
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London cyber decoys attacked 91 million times in a month
Russia was the single largest source of attacks followed by Bulgaria, Monaco and Panama
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Ransomware is a ‘potential wrecking ball’ for businesses
Reports suggest that the UK’s Royal Mail has refused to pay its $80m ransom to cybercriminals LockBit
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Potential targets warned in VMware ransomware campaign
The majority of impacted ESXi servers are in France and Germany with at least a dozen universities impacted
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Risk managers voice concern over sensitive data stored by cyber insurers
Airmic members say the “gold mine” of sensitive data they share with underwriters could present a security risk
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AI: Friend or foe for risk managers?
AI brings the promise of progress and threat of disorder, as the launch of ChatGPT demonstrates
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Ransomware: UK, Germany and France among most attacked nations
Construction was the most targeted sector overall with critical infrastructure affected in just over half of the attacks
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Beazley reveals 13% rise in cyber fraud claims
Organisations must get smarter about educating employees to spot fraudulent tactics
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Governments under attack as cyber threat grows
Russia’s use of cyber warfare in Ukraine to supplement its traditional war machine was among the most damaging in 2022
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Data of millions of JD Sports customers breached in cyber attack
The group has apologised to customers, calling on them to be ‘vigilant’ to the risk of fraud and phishing attacks
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Parametrix to pay claims after MS Azure Outage
Outage at the world’s second-ranked cloud service provider brought down multiple regions for nearly three hours
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Cyber war endorsements could invite innovation
Credentials stolen via phishing remains the most common cyber attack vector for businesses
