by AIP Online Bureau | Feb 26, 2024 | Articles, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management, Technology
Cyber insurance premium costs have increased by over 50% over the past year. Several factors have contributed to the considerable increase in cyber insurance premium in India. This include the surge, sophistication and severity of cyber-attacks that have significantly...
by AIP Online Bureau | Aug 4, 2023 | Data, Technology
The data suggests increased law enforcement activity, heavy sanctions and victims’ refusal to pay ransom demands have altered criminal conduct, and threat actors are targeting other means of revenue, the report said while explaining the reason for fall in...
by AIP Online Bureau | Apr 19, 2023 | Facts, Non-Life, Reinsurance, Technology
More than a third (38 per cent) of respondents in India (37 per cent globally) have experienced a data breach in the past 12 months, including 23 per cent (22 per cent globally) reporting that their organisation had been a victim of a ransomware attack Respondents...
by AIP Online Bureau | Mar 27, 2023 | Indian News, Non-Life, Reinsurance, Risk Management
While the drugmaker is unable to determine other impacts of the breach, including cost to maintain insurance coverage and possibility of litigation, it said there would be expenses linked to the incident. Mumbai: Sun Pharmaceutical Industries expects revenue to fall...
by AIP Online Bureau | Dec 3, 2022 | Indian News, Risk Management, Technology
Minister of State for Electronics and IT Rajeev Chandrasekhar ”It is clearly a conspiracy and it has been planned by forces that are pretty significant. It is a sophisticated ransomware attack. We will wait for the outcome of CERTin and NIA (National...
