Category Archives: Cyber Risk

The 12 Risks of Christmas: How We Helped Santa This Year

Santa-List-645x400

Everyone knows Santa to be a great humanitarian and a “jolly old elf,” but he wants to be known for something else: business transparency. So, in our latest client meeting with St. Nick and his senior elf management, they asked … Continue reading →

You Can’t go Far These Days in the Insurance World Without Hearing About Cyber

cyber risk to directors

Everyone wants to talk about cyber. I was recently invited to a cyber-conference in which the blurb said there were over 80 cyber products out there offered by more than 60 different providers. The promise was to debunk the myths … Continue reading →

Cyber Alert: “Cyber Monday” Offers Great Savings for Criminals

criminal gift

Krebs on Security reporting that the cyber criminals are experiencing their own versions of Black Friday and Cyber Monday marketing campaigns. Continue reading →

Phishing Works

hooked fish

Phishing continues to be a significant part of the increase in identity theft. Phishing happens when attempts are made to fraudulently acquire sensitive personal information like usernames, passwords, credit card, or health insurance information by a person or group masquerading … Continue reading →

More Regulation, Bigger Hacks, Less Clarity, Higher Costs

computer securitiy

There has been much press in recent months regarding a growing spectrum of data breaches involving credit card, health care and financial data. Over the past year, the severity of data breaches is on the rise. Hackers had been targeting … Continue reading →

How Hackers Use Social Engineering to Breach Your Company’s Defenses

handing over the keys

It’s easier to exploit an employee’s natural inclination to trust than it is to hack security software for unauthorized access. Continue reading →

Scariest Risks of 2014

Scariest risks 2014

As risk advisors, WillisWire bloggers tend to think less of ghouls and goblins during the Halloween season than of the frightening real risks our clients face. This year they faced more than their share of new ones, with ISIS, Ukraine, … Continue reading →

Safeguarding Asset Managers Against Mounting Cybersecurity Threats

safeguarding data

On 15 April 2014 the Securities and Exchange Commission Office of Compliance Inspections and Examinations (OCIE) released a cybersecurity initiative risk alert announcing it would be examining 50 registered broker-dealers and investment advisors to assess their cybersecurity preparedness. The announcement … Continue reading →

Retailers Shopping for Cyber Coverage Face Tight Market

shopping-bag

Shoppers aren’t the only ones feeling the jitters after the recent string of high-profile cyber events at large retailers. The cyber insurance marketplace is nervous, too. Underwriters are evaluating retailers with increased scrutiny, and upward pricing pressure appears to be … Continue reading →

Is International Hacking an Act of War?

tank

Historians will tell you that, despite the bloodshed in the Middle East and Africa, we are currently in one of the most peaceful periods in human existence. However, this era of ostensible peace has us wondering what future war will … Continue reading →