Cyber/AI risks - Emerging Risks Media Ltd

Cyber – AI risks

US Treasury says ransomware pay-outs totalled $590 million in H1; puts crypto market on notice

Suspected ransomware payments totalling $590 million were made in the first six months of this year, more than the $416 million reported for the whole of 2020, according to the US Treasury

Accenture confirms data breach after August ransomware attack

Global consultancy giant Accenture has confirmed that ransomware operators stole proprietary information from its systems during an attack that hit the company’s systems in August 2021

US Homeland Security Secretary: next big cyber threat is killware

The emergence of ransomware as a very real threat to business has been well documented this year, but a potentially more serious threat has now been flagged which could have even more worrying repercussions for public and private sector organisations: killware

BoE looks to cryptoasset stability risk

There are growing signs that the Bank of England is to seek to tackle the use of cryptoassets amid fears they pose a stability risk to the financial system

The cyber conundrum: a growing risk exposure and rising claims

Cyber insurance is a once niche product that is now firmly part of the underwriting mainstream, representing a risk management response to one of the most important emerging threats that business have to contend with

Lloyd’s and ITF showcase market’s innovative responses to emerging risks

The International Task Force (ITF) has published a Sustainable Products and Services Showcase (SPSS), demonstrating some of the wide-ranging innovative insurance solutions around sustainability currently available in the market to cater for emerging risks