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.
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.
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.
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.