All Cyber articles
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Service to measure cyber ‘human error’ risk
The Workforce Cyber Culture Assessment assesses people risk and the impact of business culture in a cyber context
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Sunburst hack highlights supply chain risks
The SolarWinds Orion ‘backdoor’ hack has affected numerous global organisations, including the US government - FireEye
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Better standards guide IoT risk management
As dependency on connected technologies increases, so do associated risks and the need for good governance, argues the World Economic Forum
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SMEs are ‘most vulnerable’ to cyber attack
Cyber criminals consider SMEs a ‘sweet spot’ due to their lack of security controls and poor cyber hygiene
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Internal failures drive cyber claims frequency
Business interruption is the main cost driver behind cyber losses, accounting for around 60% of the value of all claims - AGCS
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COVID-19 a “wake-up call”
Pandemic highlights the ”staggering potential” for uninsurable systemic risks, according to re/insurer Munich Re
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Cyber insurance transparency key to growth
PCS has launched a new data set to help the cyber insurance sector manage risk and capital more effectively
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Singapore underwriters tackle intangible risks
Marsh has seen a 30% increase in the take up of cyber insurance across Asia annually
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COVID-19 is fuelling cyber losses
Concern over a catastrophic cyber event leading to claims of $10 billion or more is greatest in Asia Pacific
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ARPC study reveals cyber terrorism protection gap
The research considered the practicalities of extending insurance coverage to include cyber terrorism in Australia
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Cyber protection gap widening
Flattening market trend is “at odds” with a heightened threat environment - Guy Carpenter
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Australian insurers adapt to intangibles
Items like data, content, software code, brands, confidential information, inventions, industrial know-how, and design rights are integral to corporates
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Twitter hack exposes potential for reputational harm
The confluence of COVID-19 and advanced social engineering techniques poses a growing threat - CyberCube
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Asian waters account for most shipping losses
Consequences of coronavirus and a sustained economic downturn could threaten long-term safety improvement
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Cybercrime to cost global economy $6 trillion by 2021
India, South Korea, Australia and China in top ten countries most targeted by significant cyber attacks - Specops
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Cost of third-party incident up to $1 billion - Deloitte
Losses associated with supply chain failure, data privacy breach or disruption to IT services have at least doubled in the last five years
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Firms must change cyber security approach
The traditional approach to cyber security must be replaced by something that is more user-centric - Aon and CyberCube
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Cyber threats grow in Singapore
Cybercrime cases now accounting for more than a quarter of overall crime in Singapore - EverEdge
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Loss in brand equity, data theft, and lack of technological innovation, named top three digital transformation risks
During a live poll at StrategicRISK’s Knowledge Singapore event , risk managers mapped out the effectiveness of controls in managing digital transformation risk.
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Asian attacks lead to rise in cyber policies
The growing cyber threat in Southeast Asia has led to a surge in cyber insurance policies and claims across the region say experts.