Malicious malware, such as NotPetya, and nation-state hacking have cast a dark shadow over the cyber insurance landscape, and while the threats are real, that’s just the top of the pyramid of what’s driving cyber claims. CFC Underwriting’s chief innovation officer can count on one hand the number of claims that the insurance company has […]

CFC Underwriting has revealed it has seen 107% growth in new cyber insurance business in Australia over the past year. According to the specialist firm, the introduction of the Notifiable Data Breaches (NDB) scheme was the key driver in the take-up. “We attribute much of this growth to awareness of the impending legislation surrounding notification, […]

Cyber attacks are costing large Australian enterprises an average of $8.3 million a year, but the real costs could be much higher. In a study sponsored by HP Enterprise Security, the US-based Ponemon Institute questioned 30 large Australian organisations on their experience with cyber attacks over a four-week period and extrapolated its findings to a […]

Healthcare is about to change beyond recognition. A host of technologies are uniting to transform the way we treat patients and develop cures – from artificial intelligence to remote patient monitoring and interactive telemedicine services. According to Rock Health, $1.6bn of funding flowed into the eHealth sector during the first quarter of 2018, exceeding comparable […]

As the rate of corporate email compromise increases, ensuring that you are insured for Cyber Incident Response is a must-do. Contact us now to discuss options. CYBER ALERT – JULY 2 2018 Web-based Corporate Email Compromises Rapidly Increasing The CFC Incident Response team has seen a surge in cybercrime against corporate web-based email accounts, like […]