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.
Health and safety (84%) overtook cyber attack, including cyber extortion (69%), as the top risk for directors and officers (D&O) in APAC this year, according to the 2024 Global Directors' and Officers' Survey Report from WTW and Clyde & Co.
Marsh, the world's biggest insurance broking group, has established Edgware Re, a group captive insurance company for organisations seeking more control and stability in their cyber insurance programs.
The number of cyber threats blocked in 2023 showed an increase of over 10% on an annual basis. Also a significant trend observed in 2023 was that the attackers are using more advanced methods to target fewer victims but with the potential for higher financial gains.
A new report has highlighted the enormous amount of water and energy consumption that AI systems require. It said AI has the potential to "supercharge" climate disinformation.