Cyber

If hackers can get even a few sentences of recorded speech from someone, they can simulate that person's voice realistically and have it say anything they want.

While ransomware attacks may be in a lull, cyber insurers are facing a new wave of claims due to data privacy violations--and are scrambling.

To sort through the latest trends, we sat down this month with Emma Werth Fekkas, RVP of underwriting at Cowbell Cyber.

ITL FOCUS is a monthly initiative featuring topics related to innovation in risk management and insurance.

This month's focus is Cyber

Insurance companies store large amounts of information about their policyholders, and attacks are expected to grow in frequency and severity in the coming years.

Geopolitical conditions, specifically those related to Ukraine, have increased risks as nation-states orchestrate prolific cyberattacks against other countries.

Some 2,300 business interruption suits have been filed related to COVID-19, and a massive cyber-attack would surely produce even more--and more confusing--suits. 

With the rise of SaaS solutions propelling insurers to adopt emerging technologies faster than ever, ensuring security requirements can keep pace with technology adoption is imperative.