Category Archives: Cyber Risk

Our Scariest Financial Services Risk – Cyber Terrorism: Zuccoti or Iranian

Scariest Risks

Our financial systems come to a halt because no one can trust the numbers in the computer systems that tell us how healthy financial institutions are, or what trades they have done for the last three months—and the Fed pumping … Continue reading →

Video – Mixed Signals: Navigating a Mixed Marketplace

Video: Eric Joost speaks about Marketplace Realities 2013

A year ago we were searching for an inflection point between the end of a soft market, and the start of a hard market. So far, that has not happened. Rather, as we report in the 2013 Marketplace Realities report, … Continue reading →

Experiencing a Crisis

WIllis Crisis U video

You’re meeting with senior management when you receive a call that your financial institution’s networks are down. Hackers are claiming credit and the press is demanding answers. What do you do? This is the dilemma we presented to participants in … Continue reading →

Hiring Criminals II: Hiring Convicts to Process Sensitive Data

Inmates have access to sensitive data

Why worry about hiring ex-cons when it’s the current convicts who have access to your sensitive data? Continue reading →

Risk Managers Can Mitigate Software Glitches

Global System Error

As reported in Insurance Times, risk managers may be able to mitigate some glitches in their computer systems similar to the one suffered by NatWest bank in the UK recently. Continue reading →

An Open Letter to the Cyber Insurance Community

It occurs to me that purchasing something is easier if the seller and the consumer both know what the object is called. I’m talking about my second-favorite subject: Cyber Insurance. Continue reading →

Video: How Will New SEC Guidance on Cyber Disclosures Affect the Cyber Liability Market?

Dark Technology

Our cyber risk expert explains the implications of the SEC's recent guidance on cyber disclosure in this video from the RIMS convention floor. Continue reading →

Boards Need to Wake up to Cyber Threats and Liabilities

Hand Shadow Over Keyboard

There is a whole universe of potential cyber risk not understood at a board level, and company directors must wake up to cyber threats or risk litigation from all sides. Continue reading →

Emerging Terrorism Risk of 2012

Emerging Risk

As has been evidenced by the recent cyber-attacks that brought down the Tel Aviv Stock Exchange and Israeli national airline El Al, cyber terrorists can be technologically advanced and capable of executing attacks on diverse targets. Continue reading →

Emerging Financial Institutions Risk of 2012

Emerging Risk

In an age when data and information are moved electronically, one dissatisfied individual can wreak havoc on a corporation, institution or a government. Continue reading →