Like it or not, the Internet of Things (IoT) is here and it’s changing the way you live, work and do business like never before. It is estimated that almost 200 million everyday items including normal hand held devices and home appliances, sensors, health monitors and vehicles and even office gadgets will all be connected…
According to a report by Reuters, Dutch insurer Tryg said that 90% of its corporate customers will buy cyber crime insurance within the next five hears as the threat from hackers and viruses to data and IT systems rises. Since the beginning of the year the company has sold 5,000 cyber crime insurance policies. Wannacry…
Cyber-attacks, in all manner of variants, rose to unprecedented levels in 2016 and the world seemed to truly start waking up to their considerable risk, damage, and costs. And well we might, because the predictions for 2017 and beyond are that, this is a risk that is only going to grow. Make no mistake, there’s…
In the past we’ve looked at the general poor preparedness of both industry at large and the insurance sector when it comes to cyber-security. Businesses remain underinsured and many insurers don’t have enough experience in this sector. However, is it possible to turn the equation backwards and predict that in the near future – the…
