Zurich considers the NotPetya cyber attacks an act of war, “not covered”
The massive ransomware offensive becomes a case study for the cyber insurance sector. The malware globally caused damages for more than $10 billion.
Singapore will set up the world’s first commercial cyber risk pool
Singapore is setting up the world’s first commercial cyber risk pool. It will commit up to US$1 billion in capacity, and bring together traditional insurance and insurance-linked securities markets to provide bespoke cyber coverage Singapore is setting up the world’s…
Cisco, Apple, Aon, and Allianz together against cybercrime
The 4 groups announced a new integrated solution to protect businesses from cyber threats, especially ransomware and malware. The aim is improve cybersecurity of organizations.