- Where Insurance & Technology Meet

Cyber Insurance is Gaining Traction, But Is There Direction?

Jason Contant, online editor at Canadian Underwriter, recently noted that cyber risk coverage is expanding “from simple data breach projection into the area of business interruption-with more changes likely in store.” However, the plethora of coverages, exclusions, and conditions could wreak havoc upon insureds and intermediaries alike. Can this be reconciled? Cyber risk driving cyber… Read more »

Beazley reports nine-fold rise in data breaches due to social engineering

New York, NY (Oct. 24, 2017) – Specialist insurer Beazley’s third-quarter 2017 Breach Insights report reveals the rapid growth of social engineering* attacks – scams involving deception – as a cause of data breaches reported to the insurer by its clients. Fraudsters use social engineering attacks to prey on employees’ roles in their companies in… Read more »