No Rest for the Cyber-Wicked in 2018, Security Researchers Warn

After an active year in 2017, with some of the biggest hacks in history, businesses shouldn’t expect any relief in 2018 from cybercriminals, according to security experts. In fact, 2018 is likely to result in more advanced attacks than ever.

Research from several cybersecurity firms predict that hackers have no intention of letting up in their lucrative, disruptive cyber campaigns. One report, issued by McAfee Labs, predicted that attackers will leverage connected devices, machine learning, and artificial intelligence in order to disrupt commerce. The firm warned that this would have the effect of making social engineering efforts more difficult to detect and signal a new wave of ransomware-style attacks.

Read more at https://www.advisenltd.com/2017/11/30/no-rest-cyber-wicked-2018-security-researchers-warn/

Erin Ayers, No rest for the cyber-wicked in 2018, security researchers warn (November 30, 2017), available with subscription at Advisen Cyber Front Page News.

2017 Information Security and Cyber Risk Management Survey

Advisen and Zurich released a white paper that highlights the results of a survey conducted among risk professionals to get their view of corporate attitudes and strategies around cyber risk and cyber security in general. The 11-page white paper concluded that recent developments warrant a greater need for guidance in developing cyber risk management programs and improving cyber risk policies in general.

Read more at https://www.advisenltd.com/2017/10/25/2017-information-security-cyber-risk-management-survey/

This story is an excerpt of the original. The content originally appeared in Advisen Media White Papers.

Zurich | Advisen Ltd. October 2017. 2017 Information Security and Cyber Risk Management Survey [White Paper].

The Globalization of the Cyber Insurance Market

May 2017

Advisen and CyberScout released a white paper that focuses on cyber insurance take-up rates and how countries gear up to minimize cyber risk and improve their risk transfer and mitigation strategies. The free, 5-page paper includes an overview of the cyber insurance marketplace, reasons businesses are buying cyber insurance, and challenges and opportunities ahead in Asia, Australia, Canada, Europe, the Middle East, the United Kingdom, and the U.S.

Read more at http://www.advisenltd.com/2017/05/26/globalization-cyber-insurance-market/

This story is an excerpt of the original. The content originally appeared in Advisen Media White Papers.

Measuring Cyber Risk – Understanding the Right Data Sources

Webinar Date: Wednesday, May 31, 2017 at 11:00 A.M. ET

Insurers have a multifaceted challenge to quantify cyber risk for their customers and it’s critical to identify the right data sources. Cyber insurance represents a newer reality of risk and unlike fire or earthquake insurance, it is far more complex to measure cyber risk owing to the lack of historical data.

Sponsored by Symantec, this one-hour webinar will help risk professionals understand the most important data sources cyber insurers need to consider to accurately and efficiently assess cyber risk.

For more info and registration about this upcoming event, visit http://www.advisenltd.com/2017/05/31/measuring-cyber-risk-understanding-right-data-sources/

Advisen Ltd | Symantec. (2017). Measuring Cyber Risk – Understanding the Right Data Sources [Webinar].

The Globalization of the Cyber Market

Webinar Date: May 25, 2017 at 11:00 A.M. ET

With interest in cyber insurance on the rise, some attention may turn to the implications this risk trend may have worldwide, begging a variety of questions to explain similarities, differences, and obstacles across markets. What is the value of cyber insurance worldwide? Who is buying it? Why are they buying it? How do motivations to buy vary across geographic market? How do policies differ based on location?

On May 25, join Cyberscout’s Tom Spier, Advisen’s Chad Hemenway, and other experts as they discuss how the world is responding to the rise in need for cyber insurance. Sponsored by Cyberscout, the one-hour webinar will offer insights into the questions listed above. Panelists will also take time to answer some questions from the audience.

For more info and registration about this upcoming event, visit http://www.advisenltd.com/2017/05/25/globalization-cyber-market/

Advisen Ltd. | Cyberscout. (2017). The Globalization of the Cyber Market [Webinar].

Cyber Market Could Offer Policy Limits Up to $1B in Five Years, Say Top Execs

NEW YORK — The cyber insurance industry has a long way to go toward offering the capacity and coverage the market needs, but the journey has begun, according to experts speaking during Advisen’s Cyber Risk Insights Conference in October.

Dominic Casserley, current president and deputy CEO of Willis Towers Watson, told a packed room that he expects the industry to find its way on cyber, including building the capacity for a $1 billion policy within five years. This would double reportedly-available per-policy limits.

“The top of the mountain is still shrouded in clouds,” said Casserley, who said he doesn’t expect the major players in the market to change. “We’re in the foothills, there’s a lot of work to do, but we know the path we’re going to go down.”

Read more at http://www.advisenltd.com/2016/12/01/cyber-market-could-offer-policy-limits-up-to-1b-in-five-years-say-top-execs/

Erin Ayers, Cyber market could offer policy limits up to $1B in five years, say top execs (December 1, 2016), available with subscription at Advisen Cyber Front Page News.

2016 Survey of Cyber Insurance Market Trends

October 2016

Advisen and PartnerRe released a white paper featuring the results of a comprehensive survey of the evolution of the cyber insurance marketplace. The 2016 Survey of Cyber Insurance Market Trends is intended to give insurance providers and brokers additional insight into the factors and trends impacting that evolution, as well as the demand and growth potential for cyber insurance products in the US.

The free, 11-page paper is sponsored by PartnerRe.

Read and download the paper @ http://www.advisenltd.com/2016/10/25/2016-survey-of-cyber-insurance-market-trends/

Advisen Ltd. (October 2016). 2016 Survey of Cyber Insurance Market Trends [White Paper]. Retrieved from http://www.AdvisenLtd.com

Allied World’s Glasgow Advises Close Eye on Cyber Regulatory Environment

Advisen executive interview: Jason Glasgow, Allied World

September 2016

Advisen Editor Erin Ayers interviewed Jason Glasgow, head of Allied World’s privacy and network security group, about the rapidly evolving cyber insurance market and what the insurance industry is doing to meet the challenges of ever-changing cyber risks and cybersecurity regulatory developments.

Their Q&A is featured in the free, 2-page interview written by Advisen.

Read and download the full interview with Allied World’s Jason Glasgow at http://www.advisenltd.com/2016/09/30/allied-worlds-glasgow-advises-close-eye-on-cyber-regulatory-environment/

Jason Glasgow, Allied World. (2016, September). Advisen Executive Interview.

Cyber Insurance Market’s Sustainability Questioned by Ratings Firm

Cyber risk could become the next “mega-catastrophic loss” for the insurance industry, according to a recent report from Kroll Bond Rating Agency, which sounded an alarm on inconsistencies and confusion surrounding cyber insurance and recommended that only insurers with significant capital and expertise enter the business of underwriting cyber risk.

“While the industry is looking at cyber insurance as a possible growth opportunity, insurers must not lose sight of their own cyber security,” Kroll wrote in its report. “Late in 2015, the NAIC adopted a Cybersecurity Bill of Rights, designed to protect consumers. At that time, Commissioner Hamm said, ‘Consumers have a right to expect their personal, financial and health information entrusted to the insurance industry is secure.’

Read more at http://www.advisenltd.com/2016/02/02/cyber-insurance-markets-sustainability-questioned-by-ratings-firm/

Erin Ayers, Cyber insurance market’s sustainability questioned by ratings firm, Advisen News (February 2, 2016), available with subscription at http://www.advisenltd.com.