Collaborate Disseminate
The presence of any data relating to an organization on the dark web demonstrably increases its risk of a cyber attack, according to Searchlight Cyber. Dark web insights and breach correlation Marsh McLennan Cyber Risk Intelligence Center analyzed the … Continue reading Companies mentioned on the dark web at higher risk for cyber attacks
BitSight and Marsh McLennan announced a collaboration to help organizations better understand, measure, and manage their cyber risks. Marsh McLennan’s recently announced Cyber Risk Analytics Center will leverage BitSight Security Ratings, data, a… Continue reading BitSight collaborates with Marsh McLennan to help clients reduce the risk of cyber exposure
There’s at least one part of the financial sector where hackers are good for business. Direct cyber insurance premiums grew to $2 billion last year, up 26 percent since 2015, according to figures published July 25 by Moody’s Investors Service. That figure represents less than 1 percent of premium insurance revenue in the U.S., but it’s clear the increasing claims over the past three years are driven largely by concerns about data breaches, distributed denial-of-service attacks and, perhaps most notably, ransomware. The problem, despite all the demand, is that some insurers are now re-thinking whether it’s in their best interest to keep offering the plans that help clients recover from devastating cyberattacks. Swiss Re Americas, a reinsurer that primarily backs governments and other insurance companies, is reluctant to embrace the cyber insurance market because of unpredictable, and expensive, attacks like the 2017 NotPetya incident, which the White House said caused $10 billion in […]
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Continue reading Demand for cyber insurance grows as volatility scares off some providers