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Insuring Hostile Cyber Activity: In search of sustainable solutions
State-sponsored cyberattacks that stop short of outright military conflict, otherwise known as hostile cyber activity (HCA), pose a threat to insurability due to the scale of potential accumulated losses. This third and final report in our series on cyber terrorism and cyber war examines in detail the ability of the private re/insurance sector to underwrite HCA risks and the role that public-private partnerships can play in fostering effective solutions.
Mapping a Path to Cyber Attribution Consensus
Businesses, governments and societies increasingly depend on interconnected online systems, making them vulnerable to viral cyber events and large-scale disruption and destruction.
The Geneva Papers: Special issue on Cyber Risks and Insurance | Summary
Cyber risk is one of the most pertinent global threats facing the world today. With firms’ and individuals’ reliance on technology only set to increase, the frequency and severity of cyber incidents is likely to rise in turn. The cyber insurance market is set to undergo significant growth in the coming years, accelerated by increasing levels of liability and data protection regulation.
Cyber War and Terrorism: Towards a common language to promote insurability
The COVID-19 crisis is a stark reminder of other looming threats, physical and digital, with the potential to cause extreme disruption. In an insurance context, the pandemic underscores the importance of clear policy wording, as ambiguity can cause reputational damage to insurance companies and resource-intensive litigation.
Assessing Digital Risks – Cyber Insurance on the Rise | CYBERSEC Forum 2019
Rachel Anne Carter, Director Cyber, moderates the panel discussion, Assessing Digital Risk – Cyber Insurance on the Rise, at the 2nd CYBERSEC Brussels Leaders' Foresight Forum.
Speakers:
Paweł Surówka – President of the Management Board, PZU
Steve Purser – Head of Core Operations, ENISA
COVID-19 conversations: surge in remote working accompanied by dramatic increase in cyber activity
A huge surge in remote working during the COVID-19 crisis has been accompanied by dramatic increases in cyber activity. Hackers are even targeting hospitals and medical facilities, where there is so much at stake.
New Geneva Association and IFTRIP task force to address emerging cyber terror risks
The Geneva Association is lauching a joint task force on cyber terrorism and cyber warfare with the International Forum of Terrorism Risk Reinsurance and Insurance Pools (IFTRIP). The special-purpose task force aims to conduct research on cyber terrorism risks across the re/insurance industry. Its initial findings will be published in mid-2020.
Innovating around cyber risk: Ariel Levite
Addressing cyber risk requires the insurance industry to move beyond traditional risk management practices and for the government to accept an important role - taking on the tail-end of cyber risk and facilitating needed cooperation and exchange among insurers.
