Cyber insurance Archives

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Boards wake up to cyber insurance

The cyber insurance market in Australia is still in its infancy with buyers confused by what is on offer and their own accountability levels, but coming mandatory data breach...

ASIC fires cyber warning shots

22 September 2017 | by Stuart Kennedy

ASIC Commissioner John Price has read the riot act, albeit civilly, to both companies and insurers over the need for boards of the former to get their cyber resilience...

Complex cyber insurance plans

13 September 2017 | by James Riley

The data breach at the consumer credit reporting agency Equifax a week ago was shocking not just for its scale – 143 million personal records were snatched – but...

Cyber insurance gets a rocket

7 September 2017 | by James Riley

Mandatory data breach legislation comes into effect February and has already put a rocket under the local market in cyber security insurance as well as supporting legal services. Earlier...

Risk insurance is the new black

1 May 2017 | by James Riley

The advent of mandatory data breach legislation has lit up the local market in cyber security insurance, but Australia remains ‘unsophisticated’ in its understanding of cyber risk, says an...