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An Increase in Identity Theft, Cybercrime Predicted in 2025

Insurance Journal

The forecast for identity theft scams and cybercrime in 2025 is bleak, according to the Identity Theft Resource Center (ITRC). It’s anticipated there will be reduced support for victims and less law enforcement focus, likely leading to a rise in …

Theft 264
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High-Net-Worth Insureds’ Top Concerns: Climate, Collectibles and Cyber

Insurance Journal

A new report on emerging risks affecting wealthy households — those with assets of $500,000 to $5 million — highlights climate change, theft of collectibles and cybersecurity as top concerns. Chubb’s new “2024 Wealth Report: Cultivating Resilience in a Changing …

Cyber 289
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What Your Clients Must Know About Cyber Insurance War Exclusions

ProWriters

As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. However, Russian-sponsored cyber operations against Ukraine have continued. It isn’t.

Cyber 53
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Becoming a Cyber Insurance Leader

Zywave

Within the next decade the cyber insurance market is projected to grow to over $120 billion according to a report by Fortune Business Insights. That means there’s a lot of opportunity for insurers who are looking to either grow their cyber business or expand into the cyber market.

Cyber 97
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How a Cyber Attack Could Show Up in Your Snail Mail

ProWriters

When you think about the constantly evolving nature of cyber attacks , you may think about threat actors using AI to find and exploit new vulnerabilities in software and networks. Yet one recent cyber threat takes advantage of peoples trust in the post office. Many people perceive physical mail as more trustworthy than cyber mail.

Cyber 53
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Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk

Insurance Journal

Cyber insurers are offering tools that could significantly reduce your identity riskbut most organizations aren’t using them. One of the most significant advancements in the sector is the increased emphasis on loss control services. These services are designed to mitigate …

Cyber 214
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Chairman of South Korea’s SK Group Apologizes for Massive Data Leak at SK Telecom

Insurance Journal

SK Group Chairman Chey Tae-won apologized on Wednesday for a massive data leak at South Korea’s largest mobile carrier, SK Telecom, which has caused concern among its 23 million users over the possible theft of personal and financial information. The …

Theft 260