UK economic growth disappoints in Q3 as JLR cyber attack hits
UK economic growth disappoints in Q3 as JLR cyber attack hits
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Cyber
M&S First-Half Profit Hammered by Impact of Cyber Hack
British retailer Marks & Spencer reported a 55.4% slide in first-half underlying profit, reflecting the impact of an April cyber hack that forced it to suspend online clothing orders for seven weeks and also hit food availability. M&S, one of the biggest names on the UK high street, did, however, say it was confident it
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AI increasing physical cyber risk in shipping :: Insurance Day
The use of artificial intelligence (AI) could increase the risk of physical cyber attacks in the marine sector, a joint Insurance Day/Lloyd’s List podcast has heard. William Altman, director of cyber threat intelligence services at CyberCube, said AI-based coding tools could help “novice” threat actors exploit critical operational technology (OT) – which interfaces digital infrastructure
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Daily Digest: Aon's Nudo on US casualty reinsurance, AI increasing physical cyber risk, Fitch on Jamaica cat bond
Catch up on the essential news and analysis from the Insurance Day experts Related Stories Jamaica cat bond will not shake ILS market: Fitch Fase launches to support European MGAs Cyber and D&O rate declines moderating: Aon
Hackers and Crime Rings Are Teaming Up to Steal Cargo, Cyber Firm Says
Hackers are infiltrating trucking and freight companies in a scheme to steal and sell cargo shipments, a growing campaign that could end up costing companies and consumers billions of dollars, according to new cybersecurity research. Sunnyvale, California-based Proofpoint Inc. said it has “high confidence” that the hackers are working with organized crime groups to pull
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Daily Digest: Verisk estimates Melissa loss, Gallagher Re launches Apac cyber framework, Global marine premiums climb
Catch up on the essential news and analysis from the Insurance Day experts Related Stories Global marine premiums climb to $40bn Inflation added around $250bn to US liabilities in 2015-24 Fidelis Insurance Group appoints UK CUO
AXA XL Offers Cyber Solution for Europe, APAC Construction Firms
AXA XL announced the launch of a new cyber solution designed to provide construction firms in Europe, Asia and Australia with enhanced protection against the rapidly evolving landscape of cyber threats. Available by endorsement to AXA XL’s cyber insurance coverage, the solution includes coverage for: Missed bid reimbursement for income loss due to not being
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Gallagher Re launches Apac cyber framework
Reinsurance broker looks for cyber growth in international markets Related Stories Daily Digest: Scor shares tumble, Axis CEO on US casualty rates, Aon Q3 results Daily Digest: Scor shares tumble, Axis CEO on US casualty rates, Melissa insured losses in the billions Axis CEO: US casualty portfolio still rate adequate
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Cyber reinsurers reconsider appetite as market softens
Concerns about market conditions weigh on sector as carriers look to develop more sophisticated non-proportional cyber reinsurance covers Related Stories Aviva shares jump 5.6% as UK group's strong run continues Awaab’s Law rewrites the rulebook for insurers on housing risk US cyber rates almost below adequacy: CFC
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Daily Digest: Cyber reinsurers rethink appetite, Alternative capital grapples with tech, Aviation market in transition :: Insurance Day
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