Enquiries for cyber insurance has increased by 60-70% since the COVID-19 pandemic began and sales of cyber insurance policies have increased by 20% over the same period, reported BloombergQuint.
A new research study from Aviva has found that 22% of the people surveyed for the study have been targeted by suspicious communications (emails, texts and phone calls) which mentioned coronavirus and which they suspected to be a financial scam. This translates to around 11.7m people in the UK.
A new consumer survey by HSB Insurance has revealed that US consumers are worried about their data security as cases of identity theft, cyber-attacks and online fraud continue to rise. Also theft of personal information and stealing of millions of dollars is on the rise.
Over 130 registered entities in the Dubai International Financial Centre (DIFC) have joined the Cyber Threat Intelligence Platform (TIP) of the Dubai Financial Services Authority (DFSA) since it was launched in January.
The pace of digital transformation has only grown faster since the pandemic forced people to stay at home and work remotely, catalysing an increase in the need for cyber security. For insurers, cyber risk and exposure is challenging due to the accumulation of risk and terminological ambiguity surrounding cyber policy wording, especially in the context of war and terrorism.
A new report from email security firm Tessian has found that 43% of employees have made mistakes resulting in cybersecurity repercussions for themselves or their company. The report has revealed how stress, distraction and workplace disruption can cause people to make more mistakes at work.
The SonicWall mid-year update to the 2020 SonicWall Cyber Threat Report, highlights the increases in ransomware, opportunistic use of COVID-19 pandemic, systemic weaknesses and growing reliance on Microsoft Office files by cybercriminals.
Credit ratings agency AM Best expects the momentum for rate increases the US cyber insurance market to continue over the medium term as a result of the COVID-19 pandemic.
A new survey conducted by Chubb has found that large number of Americans working from home due to the coronavirus pandemic are not worried about cyberattacks even though they're at greater risk compared to working from office.
Countries in Asia Pacific region are now being increasingly targeted by ransomware via malvertising. Sophisticated exploit kits are being used to deliver the ransomware.