Insurance rates in the first quarter of 2024 in Asia declined 2% after being flat for the three prior quarters, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.
Cyber attacks have more than doubled since the pandemic and while companies have historically suffered relatively modest direct losses from cyber attacks, some have experienced a much heavier toll.
Over eight in 10 organisations encountered one cyber security incident in a year, the Cyber Security Agency of Singapore (CSA) said in its Singapore Cybersecurity Health Report 2023.
A recent study leveraging external and internal datasets has revealed that the protection afforded by cyber insurance may fall significantly short of the actual costs incurred during cyber incidents.
The insurance market must resist the urge to automatically exclude difficult cyber risks and overly focus on a small set of 'improbable' systemic threats according to global insurance broker Marsh.
Half of UK businesses have reported a cyber incident or data breach in the past 12 months according to the UK Government's Cyber Security Breaches Survey 2024.
Most insurance IT decision-makers (69%) plan to invest from $500,000 to $5m in AI in 2024 according to a new study.
Cyber security tops the list of risks for 2024 ranked by chief risk officers (CROs) according to the inaugural EY/Institute of International Finance (IIF) global insurance risk management survey.
AI-generated deepfakes, multi-factor authentication (MFA) fatigue attacks and complex ransomware incidents are likely to be the imminent threats for 2024 in India.
Many popular AI chatbots, including ChatGPT and Google's Gemini lack adequate safeguards to prevent the creation of health disinformation when prompted according to a new research.