In the past, ransomware was a tool utilised only by the smartest of hackers, in high profile and highly destructive planned attacks. While the effects have always been detrimental, the probability of being subject to a financially crippling attack was extremely low. Unfortunately, this is no longer the case. It is no secret that businesses and individuals alike are at risk of a cyber-attack, with nearly 50% of all businesses suffering a breach in some form or another.
Safeonline Emerging Technology Risks Series
Initial Coin Offerings
To kick off our new monthly Safeonline Emerging Technology Risks Series we will be analysing the risks associated with Initial Coin Offerings which have recently become a hugely popular way of crowdfunding via cryptocurrency but have seen a range of hacking attacks and regulatory issues.
In this first part of 2 posts, Andrew Stuart Head of Political Risk at Safeonline, will be answering some of the more frequently asked questions relating to Terrorism and Political Violence insurance coverage.
“I have been providing Terrorism and Political Violence solutions for clients all over the globe since the late 1990’s. I don’t believe that there is such a thing as a ‘stupid question’ and below is a selection of the questions I have been asked over the years and the answers that I have given.
I am hoping that this insight will be useful to anyone interested in this line of coverage.”
British Airways IT failure highlights that IT infrastructure is a board level responsibility. C-Level executives need to take IT seriously.
Hacking is becoming synonymous with state election processes: is this the new political norm?
Media Errors & Omissions and Cyber insurances: Netflix refuses to pay ransom, but what are the consequences for the post-production company?
Ed Sheeran settles $20 million copyright infringement lawsuit. As a copyright infringement, it is likely that this would have been covered by a Media Errors & Omissions insurance policy.
The ‘payday’ lender Wonga suffered a significant data breach over the last week which may have affected approximately 245,000 accounts in the UK and another 25,000 in Poland. Wonga has stated on its website:
Technology Enabled Medical Care (TEC), could be the solution to many challenges facing the medical sector. Can cyber insurance help mitigate againt the portental cyber risks?