Tag Archives: insurance

Sharp growth in cybercrime insurance

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The Financial Times quotes a report compiled by CFC that shows a 50% growth in UK insurance policies taken out against cyberattacks during 2016. Lloyd’s of London has seen a huge increase in cyber insurance uptake, and has now introduced 15 different types of cover just for cyber crime, in… Read more »

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Cyber bonds and national security

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International government-sponsored cyber war is on the increase, and up until now, governments and organisations have seemed incapable of effectively shielding themselves. Nathan Bruschi, an American academic and former intelligence officer, thinks he may have the answer – hit hackers and their instigators were it hurts: the wallet. The Cyber… Read more »

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CFC’s Cyber Risk Management Portal

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Find out more about the CFC Cyber Risk Management Portal, our end-to-end risk management solution providing upfront advice and support to help avoid a loss as well as access to a post-incident response center should the worst happen. Have a question? Contact your CFC underwriter today and we’ll do our… Read more »

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Land Rover recall over keyless entry bug

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A software bug that can unlock vehicle doors has led to the recall of over 65,000 Range Rover and Range Rover Sports sold between 2013 and now. The glitch also meant that drivers would not get a dashboard warning that the vehicle had been unlocked. Security experts have warned that… Read more »

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Medical information of 11 million exposed

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Is 2015 the year of the healthcare hack? Health insurer Premera Blue Cross is the latest victim of a hack attack after it found that financial and medical information belonging to upwards of 11 million customers may have been exposed. The news comes just weeks after the large scale data… Read more »

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Report shows lack of cyber insurance amongst businesses

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A UK government report has revealed that only about 2% of UK firms have significant cyber insurance in place even though 81% suffered a security breach in some form in the last 12 months. It was also revealed that the vast majority of smaller firms weren’t even aware that cyber… Read more »

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Up to 18.8m non-customers of hacked insurer could be affected by breach

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Earlier this month, health insurance company Anthem, the second-largest in the US, announced that its systems had been hit by a massive data breach affecting nearly 80m individuals. Not all were Anthem customers, however. Upon further investigation, the company recently found that between 8.8m and 18.8m members of other plans… Read more »

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NY regulators toughening cyber security requirements

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Financial regulators in New York are clamping down on cyber defence practices in banks and other financial institutions as a way of boosting security across the industry. The state’s top regulator said that they are looking into the possibility of requiring more complex computer certifications and sign-ins. Banks and insurance… Read more »

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Bitcoin storage service launched in London

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A Bitcoin storage service that is insured against the loss and theft of the digital currency has launched in London. Elliptic Vault uses “deep cold storage”, where private encrypted keys to bitcoins are stored on offline servers and in a secure location. The copies are accessible only via a hanful of Elliptic’s… Read more »

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SSP interface with Google Compare suspended after breach

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Software provider SSP has suspended its service on aggregator websites after an attack on its integration with Google Compare. The attack affected users of Google’s new comparison website for car insurance. SSP’s software is used on a range of aggregator websites such as Google Compare, Comparethemarket.com, Gocompare.com, Confused.com and Moneysupermarket.com…. Read more »

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