August 21
Focus on insured loss from CrowdStrike outage overlooks one key issue
Though the response and resilience of the cyber market is important, what is more critical is how risk teams proactively deploy resources to avoid large BI losses in future.
August 09
Similarities between property and cyber markets present an opportunity
At first glance, the property and cyber markets don’t have much in common, with the property’s scale of losses in the last year of $123 million far exceeding those of cyber. But there are some parallels that can help risk officers present a cohesive risk management strategy to the C-suite and board across both risks with the common objectives of more efficient risk financing and avoiding losses.
August 06
Need to look beyond security controls to avoid large costly breaches
Security controls alone, even when well managed, are not enough to protect a company from cyber criminals. Seeing the threat from the cyber attacker’s point of view is key to bolstering risk prevention efforts before the large breach. It’s no different than how we approach sports matches.
July 29
Slowing US cyber insurance market prompts need to further invest in risk prevention
In 2023, direct written premium in the US rose by only 0.1% according to recent numbers reported by AM Best. Intangic explores how a deceleration in the speed of cyber market expansion points to the need for a new approach.