ОРИГИНАЛЬНАЯ ПУБЛИКАЦИЯ ЗДЕСЬ Кибер-риск стал серьезной угрозой для финансовой системы. В результате моделирования, проведенного персоналом МВФ, получены оценки, согласно которым потери финансовых организаций от кибератак в среднем могут составлять несколько сот миллиардов долларов в год, что уменьшает прибыль банков и потенциально угрожает финансовой стабильности. Как показали последние случаи, эта угроза является реальной. Успешные атаки уже […]

ORIGINAL PUBLICATION HERE Cyber risk has emerged as a significant threat to the financial system. An IMF staff modeling exercise estimates that average annual losses to financial institutions from cyber-attacks could reach a few hundred billion dollars a year, eroding bank profits and potentially threatening financial stability. Recent cases show that the threat is real. […]

ORIGINAL PUBLICATION HERE Business interruption ranks as the top global risk of 2018 and out of all the causes of business interruption, cyber incidents are feared the most according to the Allianz Risk Barometer 2018. A recent report also found that insurers are most worried about cyber-related business interruption because it has a potential systemic […]

Hiscox offers cyber ILW capacity based on PCS trigger

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ORIGINAL PUBLICATION HERE Hiscox Re & ILS, the reinsurance and third-party capital management unit of global re/insurer Hiscox, has announced that it is to offer a new cyber industry-loss warranty (ILW) product, which will provide aggregate limits based on the use of a PCS industry loss trigger for global cyber underwriting losses. The cyber ILW […]

ORIGINAL PUBLICATION HERE Despite seeing cybersecurity as a top risk management priority, a survey finds out that only few senior executives believe in their organization’s ability to mitigate and respond to a cyber event. In a global survey of more than 1,300 senior executives, two-thirds ranked cybersecurity among their organizations’ top five risk management priorities – approximately […]