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Cyber tag returned 219 results

  • Insurance industry's first standard for global cyber data breach released

    ACORD, the global standards-setting body for the insurance industry, has announced the release of what is said to be an industry-first standard for cyber data breach. The ACORD Cyber Data Breach Standard was developed in collaboration with Aon and specialist insurer Beazley, said the three entities in a joint statement last week.

    Asia Risk | 18 Jul 2018
  • Average cost of data breach $3.86m-study

    The average cost of a data breach was $3.86m in 2018, compared to $3.5m in 2014- representing nearly a 10% net increase over the past 5 years, according to the latest Cost of a Data Breach Study sponsored by IBM Security and conducted by Ponemon Institute.

    Asia Risk | 18 Jul 2018
  • UK Prudential Regulatory Authority issues warning about crypto-assets

    The UK Prudential Regulatory Authority has written to the CEOs of financial institutions highlighting concerns about crypto-assets and highlighting their risk management regulatory obligations should they have relevant exposure.

    Asia Risk | 18 Jul 2018
  • Resilience and continuity in an interconnected and changing world

    Technology can help create new financial services and products, new approaches to risk management and indeed reach new customers. New threats like cyber risks have highlighted why operational resilience is important and firms should be on a 'WAR' footing to withstand threats, absorb shocks and recover from incidents, says Bank of England Prudential Regulatory Authority deputy CEO and regulatory operations and supervisory risk specialists executive director Lyndon Nelson.

    AIRPlus | 05 Jul 2018
  • Cyber to generate fastest premium growth by 2021 - Aon

    Aon predicts that growth in cyber insurance premiums will outpace all others by 2021, with worldwide premiums worth $4bn.

    AIRPlus | 04 Jul 2018
  • Most boards not confident their organisations learn from past cyber mistakes-WTW

    The majority of executives around the world feel their organisations can do better when it comes to learning from their past cyber mistakes, according to the results of a newly released global survey conducted by The Economist Intelligence Unit (EIU) and Willis Towers Watson.

    Asia Risk | 27 Jun 2018
  • Cyber attacks cost Korean firms $72bn last year-Microsoft

    Cyber attacks cost companies in South Korea $72bn in 2017, according to a report released by the South Korean office of Microsoft earlier this week.

    Asia Risk | 20 Jun 2018
  • Japan P&I Club issues cybersecurity guidance

    The Japan P&I Club has issued a comprehensive guidance note to its members on cybersecurity measures, in view of the increased threat of cyber attacks at sea.

    Asia Risk | 20 Jun 2018
  • APAC: 2018 Asia Insurance Technology Awards nominations open

    Presented by Asia Insurance Review and Celent, the Asia Insurance Technology Awards (AITAs) recognise excellence and innovation in the use of technology within the insurance industry in the Asia Pacific Region. Nominations for the 2018 AITA Awards are now open and the nomination deadline is 20 July 2018.

    Asia | 14 Jun 2018
  • Cyber insurance market growth found wanting

    While cyber insurance offers abundant growth opportunities, the market appears to be 'bifurcated', according to a recent A.M. Best report that looked at the US cyber market. It stated that on the one hand, national accounts and Fortune 500 companies appear to be embracing the need to partner the insurance industry as a way to counter cyber risks and that financial institutions and healthcare companies are increasing their coverage.

    AIRPlus | 13 Jun 2018

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