All cyber insurance articles – Page 4
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NewsInsurer AXA halts ransomware crime reimbursement in France
In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals.
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NewsData sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
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NewsAXIS Insurance and Kennedys Law Launch New Marine Cyber Insurance Product
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), and Kennedys Law LLP, an international law firm, today announced a collaboration for services in connection with new the AXIS Marine Cyber Insurance product. This new product will provide insurance cover for the marine shipping ...
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NewsU.S. Treasury warns cyber insurers payments to hackers may violate sanctions
Cyber insurers and other financial institutions that facilitate payments to hackers to end cyberattacks risk running afoul of sanctions rules, the U.S. Treasury Department warned on Thursday. The warnings, which referenced malicious programs known as ransomware, came in advisories from Treasury’s Office of Foreign Assets Control (OFAC)and Financial Crimes Enforcement ...
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NewsOnline fraud and cyber scams soar during pandemic lockdown but insurance for it ‘fairly new’
A spike fraud and cyber scam in cases has exposed a new risk for the cyber insurance market, Insurance Times looks at what the industry is doing to protect vulnerable customers during the pandemic and why some many not be covered if they work remotely. Cyber scams and fraud have ...
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