Topic
Technology
Researchers: Newer type of ransomware is harbinger of danger
April 13, 2016 Tami Abdollah - THE ASSOCIATED PRESSWASHINGTON – An unusual strain of virus-like hacker software that exploits computer server vulnerabilities – without requiring human interaction – is a leading example of a new generation of “ransomware,” according to a new report by Cisco Systems Inc. Hackers…
Cloud technology challenging the notion of what a corporate network is: RIMS speaker
April 13, 2016 Angela Stelmakowich, EditorSAN DIEGO – Hacktivist-type attacks like those involving Sony Pictures Entertainment and Ashley Madison have gotten very personal and are coming at a time when cloud technology is transforming corporate networks, Brad Gow, senior vice president of Endurance Insurance, said…
Beazley, Munich Re cover cyber risk up to $100 million
April 12, 2016 by Canadian UnderwriterBeazley plc announced Monday it has partnered with Munich Re’s corporate insurance partner to offer tailored cyber insurance. The products will provide coverage of up to US$100 million or 100 million euros, stated Beazley, which manages six syndicates in the…
Significant UK cyberattack could cost billions of pounds in economic losses, study finds
April 12, 2016 by Canadian UnderwriterA significant cyberattack across the United Kingdom’s critical national infrastructure could have “far-reaching and significant economic impacts” for Britain, according to a study carried out by the Cambridge Centre for Risk Studies. The report, titled Integrated Infrastructure: Cyber Resiliency in…
Cyber incidents in mining a complex topic for risk managers, mining product development has not kept pace with needs: Munich Re
April 12, 2016 Angela Stelmakowich, EditorSAN DIEGO – It is important for risk managers in the mining sector to understand the most critical scenarios for their companies and to analyze the true impacts of cyber incidents, suggests Günter Becker, head of mining for Munich Re.…
Risk professionals must look forward to what can be done with 3D printing to get fix on related risks, RIMS attendees hear
April 11, 2016 Angela Stelmakowich, EditorSAN DIEGO – Those in insurance and risk management will need to readjust thinking from what has gone before to what could happen in future to get a firm grasp on the potential risk picture for 3D printing moving forward,…
First open source cyber scenario released by AIR Worldwide during RIMS 2016
April 11, 2016 Angela Stelmakowich, EditorSAN DIEGO — Catastrophe modelling firm AIR Worldwide has launched what it calls the first open source deterministic cyber risk scenario, a move meant to help individual companies and the insurance industry as a whole better understand aggregated risk from…
Canadian p&c insurers should prepare for next wave of corporate M&A: Ernst & Young
April 11, 2016 by Canadian UnderwriterCanadian property and casualty insurers should “expand risk advisory capabilities” and prepare for the “next wave” of corporate mergers and acquisitions, Ernst & Young LLP suggested in a report released Monday. In its 2016 EY Canadian property and casualty insurance…
Total spending on IT infrastructure products for cloud deployment to increase 18.9% in 2016: International Data Corporation
April 11, 2016 by Canadian UnderwriterTotal spending on IT infrastructure products for deployment in cloud environments will increased by 18.9% in 2016, according International Data Corporation (IDC), a global provider of market intelligence, advisory services and events for the information technology, telecommunications and consumer technology…
Experts caution self-driving cars aren’t ready for roads
April 11, 2016 Joan Lowy - THE ASSOCIATED PRESSWASHINGTON – Self-driving cars are more likely to hurt than help public safety because of unsolved technical issues, engineers and safety advocates told the government Friday, countering a push by innovators to speed government approval. Even a trade association for…
Forecasting emerging risks expected to get tougher: Marsh/RIMS report
April 11, 2016 Angela Stelmakowich, EditorSAN DIEGO – Cyber attacks – once again identified as a top critical business risk – are expected to be a source of emerging risks, but forecasting for all emerging risks could prove more challenging over the next three years,…
New mobile app from Zurich released at 2016 RIMS to help companies assess, manage risk
April 11, 2016 Angela Stelmakowich, EditorSAN DIEGO – Zurich Insurance Group is unveiling a new mobile app this week at the 2016 RIMS Conference and Exhibition which the company reports will enable customers to perform their own on-site risk assessments and use those results to…