by AIP Online Bureau | Oct 25, 2023 | Eco/Invest/Demography, Features, Non-Life, Risk Management, Technology
Cyber breaches that are not detected and contained early can be as much as 1,000 times more expensive than those that are, the report highlights, with Allianz Commercial analysis showing that early detection and response can stop a €20,000 loss turning into a €20mn...
by AIP Online Bureau | Sep 21, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology
The law passed last year will eventually require companies to report cyber incidents within 72 hours and flag paying a ransom within 24 hours, providing what Silvers described a “sea change in federal visibility into serious cyber incidents.” Still, timelines will...
by AIP Online Bureau | Sep 15, 2023 | International News, Non-Life, Reinsurance, Technology
Anthony Dagostino “Cybersecurity continues to be a top risk management concern for clients across AXA. Cyber is a strategic growth area for the group”Libby Benet, AXA XL’s chief underwriting officer New York: AXA XL today announced the appointment of Anthony...
by AIP Online Bureau | Jul 24, 2023 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
The consultation paper on ‘Consolidated Cyber Security and Cyber Resilience Framework’ for Sebi Regulated Entities (REs) aims to provide a common structure for multiple approaches to cyber security to prevent any cyber risks/incidents Mumbai: Capital...
by AIP Online Bureau | Apr 25, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits
Economic risk was considered the top risk for businesses by 63% of global directors, closely followed by cyber risk at 62%, says a global Directors Liability 2023 survey from WTW and Clyde & Co, a leading global law firm SINGAPORE: Economic and cyber risks,...
