UK financial regulator concerned about impact of co-ordinated large-scale assault Source: Insurers told to conduct stress tests for cyber attacks
Industry awaits legal tests on whether loose language covers data attacks Source: Global insurers worry about cyber crime exposure
Manufacturers are buying cyber insurance to protect their networks as “factories are increasingly computerized, automated and digitally integrated with other parts of a company,” the Journal reported.
Insurance giant Allstate has raised eyebrows after being granted patents for a proposed high-tech surveillance system that could track a driver’s every move. The company won patents for technology that, Source: How much privacy are drivers willing to give up for better car insurance rates?
The Insurance Information Institute on Wednesday published a white paper on the recent growth and evolution of the market for cybersecurity insurance.
Rising CIO lawsuits could mean a hit for D&O, not cyber.
The unpredictability of future attacks, poor cyber risk management at certain companies and lack of data with which to price risks have constrained capacity in the cyber insurance sector. In some cases, instead of growing, coverage has become more limited because insurance companies are finding the costs to be too high. *** Insurers are also…