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fromBusiness Matters
1 week ago

Clear Insurance Management Advises Retailers to Boost Security Measures Post M&S Cyber Scare

In the recent M&S breach, only £100 million of cyber insurance was in place, far short of the £300 million in damages incurred, leaving the retail giant significantly underinsured. With more retailers relying heavily on online operations and third-party platforms, the financial impact of operational downtime from data breaches can be severe and widespread. Yet many businesses still lack adequate-or any-cyber insurance.
Information security
fromAbove the Law
2 weeks ago

AI Exclusions Are Creeping Into Insurance - But Cyber Policies Aren't The Issue (Yet) - Above the Law

Artificial intelligence (AI) is everywhere - in legal research tools, in "smart" assistants that draft contracts, and, if we're honest, probably in that partner's suspiciously polished brief. The legal profession can't avoid it, and neither can the insurance industry. But while cyber insurers are, somewhat surprisingly, holding firm on AI risks, other key coverage lines are quietly changing - and not in your favor.
Artificial intelligence
Information security
fromComputerWeekly.com
3 weeks ago

Incident response planning cuts the risk of claiming on cyber security insurance | Computer Weekly

Regular tabletop exercises and scenario-based breach drills reduce material cyber incident likelihood by 13% and strengthen incident response as a key security control.
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