All ransomware articles
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NewsCyber-attacks doubled since 2020 – QBE research
The number of disruptive and destructive global cyber-attacks taking place each year will increase by 105% to the end of 2024, according to a report from insurer QBE.
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NewsCyber ‘perception gap’ exists in industry’s understanding of risks – Lockton Re
‘The possibility that you could have this sort of global outage is extremely remote,’ says the reinsurance broker’s cyber practice leader.
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NewsRansomware attacks break records, up 95% in 2023 – Corvus
Law practices, government agencies, manufacturing, oil and gas, transportation, logistics and storage sectors were among the sectors hardest hit by a record-breaking spike in ransomware attack frequency.
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NewsGlobal cyber premiums could exceed $50bn by 2030 – Howden
Some 45% of cyber premium gets ceded to reinsurers, cyber reinsurance premium is currently about $6bn, but the cyber reinsurance market will need to more than triple in size by the end of this decade to meet demand, according to Howden.
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NewsBeazley reveals 13% rise in cyber fraud claims
Organisations must get smarter about educating employees to spot fraudulent tactics
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NewsCyber war endorsements could invite innovation
These include the LMA war exclusion clauses introduced in November 2021
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NewsAndy Holmes: Cyber will be the biggest risk code for Lloyd’s in 2023
CFC’s chief underwriting officer says cyber insurance has ’had to grow up’, but balancing regulation and value propositions is tricky
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NewsCyber: Hitting pause
At below $10 billion, why has the cyber re/insurance market failed to live up to its potential?
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NewsUkraine fall-out and new ransomware tactics elevate cyber risks
The maritime sector and satellite infrastructure are sectors most likely to be targeted by cyber criminals
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NewsCyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Association
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NewsSystemic fears are stifling cyber market growth
Modelling accumulation risk scenarios will unlock cyber re/insurance potential - Swiss Re
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NewsUkraine tempers ransomware frequency - Howden
Today’s average cost of cyber cover is more than double what it was last year, however
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NewsCyberCube unpicks the motivations of cyber criminals
State-sponsored actors are among the most significant and concerning to the (re)insurance industry
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NewsCommercial rates rise for the 18th consecutive quarter
Hard market is beginning to moderate but inflationary pressure could impact pricing going forward - Marsh
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NewsVantage enters US cyber insurance market
Andrew Lea has joined from CNA Insurance to underwrite cyber liability, tech E&O and professional liability risks
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NewsDWIC 2022: Cyber re/insurers limit exposure to ransomware
Ransomware continues to shape the cyber risk landscape, explained DWIC roundtable panellists
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NewsRansomware will continue to evolve in 2022
After a year of unprecedented ransomware attacks, Beazley’s Raf Sanchez warns the worst is yet to come
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NewsColonial Pipeline attack exposes ransomware “pandemic”
CISA urges organisations to take action to strengthen cyber security following US critical infrastructure attack
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NewsHiscox Re & ILS: Increasing ransomware attacks demands action from (re)insurers
The rise in frequency and severity of ransomware incidents calls for a response from the (re)insurance industry. Conor Husbands – Specialty Underwriter, and Devin Page – Head of Specialty, Hiscox Re & ILS explain more…
