Unprecedented digitalisation in our society has pushed many business leaders and executives to understand how they can adequately assess and govern cyber risk according to a new blog by World Economic Forum (WEF).
?There is merit in reviewing current cyber insurance limits as the risk of cyber incidents has increased and the government takes steps to hike data breach penalties, says Mr Nathan Mauriello, senior client executive - Professional and Executive Risks at the broking firm Honan.
The IRDAI has asked insurance companies to to put in place a policy approved by their board of directors on the scrapping or disposal of out-of-date computer operating systems and equipment.
Over 50% of Indian respondents believe that they have fully mitigated the risks, their bold moves incurred since 2020 according to PwC's annual Global Digital Trust Insights 2022 - India edition.
Rapid inflation, debt crises and the cost of living crisis are the biggest threats to doing business over the next two years in G20 countries according to 2022 executive opinion survey conducted by the World Economic Forum's Centre for the New Economy and Society.
More people, than ever, are now taking concrete steps to protect their personal information and data from cyber attacks. While the progress is encouraging, poor cyber security behaviours remain far too common, according to the 2022 edition of the Chubb annual study on cyber risk.
The CBIRC and the Ministry of Industry and Information Technology have issued jointly an exposure draft on cyber security and insurance. The goal is to accelerate the integrated development of cyber security and related innovative financial services, and promote new forms of cyber insurance and the high-quality development of the cybersecurity industry.
The limits on the insurability of cyber risk have restrained capacity despite growing demand from buyers according to a new study by Swiss Re.
Ransomware remains a top cyber risk for organisations globally while business email compromise incidents are on the rise and will increase further in the 'deep fake' era according to a new report from Allianz Global Corporate & Specialty (AGCS).
Insurance pricing in the Pacific region, dominated by the Australian market, increased 5% in the third quarter of this year, down from 7% in the prior quarter and the seventh consecutive quarterly reduction in rate increases, according to a report released by leading global insurance broker Marsh.