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Cyber tag returned 947 results

  • Only half of the firms retrieve data after ransomware payments

    Around 84% of the respondents in a new cyber survey paid ransom to cyber attackers but only 47% of these retrieved their data and had their services uncorrupted according to a new survey by the US based cyber security company Cybereason.

    Asia Risk | 28 Feb 2024
  • Risk management frameworks vital to mitigate AI risks

    Responsible AI policies and risk management frameworks will be critical to navigating the complex technical and compliance challenges of AI according to the Federation of European Risk Management Associations (Ferma).

    Asia Risk | 28 Feb 2024
  • Australia: Data breaches surge in second half of 2023

    In Australia data breaches reported in the second half of 2023 surged by 19% to 483 incidents, compared to 407 in the preceding six months. The predominant cause of these breaches was identified as malicious or criminal act, representing 67% of the total incidents reported.

    Asia Risk | 28 Feb 2024
  • New European AI law to impact insurance

    The insurance and banking sectors will be required to carry out an impact assessment to ensure their use and development of AI protects the fundamental rights across Europe.

    Asia Risk | 28 Feb 2024
  • As cyber threats rise, financial firms need better safeguards

    Cyber security is a threat to financial stability and regulators and supervisors must act now to strengthen the prudential framework according to a recent survey of 51 countries by International Monetary Fund (IMF).

    Asia Risk | 21 Feb 2024
  • Cyber risk predictions for 2024

    While as anticipated, fraudulent instruction incidents were down 15% for the year 2023, however, business email compromise (BEC) was up 18% year over year across industries, returning to levels seen in 2020 and 2021 according to a new report on cyber trends for 2024 by specialty insurer Beazley.

    Asia Risk | 21 Feb 2024
  • Asia: Insurers increased capacity for cyber, property

    The Asia Insurance Market Pricing: 2023 Fourth Quarter report, published by Marsh, showed that cyber insurance rates were flat, while those for property grew by 2%. The rate movements were the same as in the quarter prior.

    AIRPlus | 15 Feb 2024
  • Cyber insurance market growing dramatically

    Triple-I's latest edition of Cyber Insurance: State of the Risk said two primary factors may be at work in developing this trend. The first is the ubiquitous threat of data breaches and cyber attacks and the second is insurers have made strides in clarifying policy coverage and exclusions, improving risk managers' understanding of product value and helping insurers better manage costs and rate stability.

    Asia Risk | 14 Feb 2024
  • Australia: Businesses increasing investment in cyber defences

    There has been a significant increase in investments in cyber defences by Australian businesses to enhance their cyber security infrastructure according to a new survey.

    Asia Risk | 14 Feb 2024
  • Pacific: Property rates stay flat in 4Q2023, for first time in 26 quarters

    Composite insurance rates in the Pacific region (of which Australia is the biggest market) were flat in the fourth quarter of 2023, according to Marsh's 4Q2023 Global Insurance Market Index released earlier this week.

    Asia | 08 Feb 2024

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