CYBER RISK INSURANCE A Resource Guide for Actuaries

May 27, 2019

According to the 2018 Allianz Risk Barometer report, cyber risk is the No. 1 concern for risk managers in the United States. It is a risk that impacts everyone—from individuals to small businesses to large Fortune 100 corporations. As the world continues to become more digital, and more people, organizations, and the devices that they own become connected, the risk of cybercrime will continue to rise. The number of “internet of things” (IoT) devices—estimated to number roughly 20 billion in 2018—is projected to grow rapidly to over 70 billion by 2025, increasing the attack surface and providing attackers with additional opportunity to carry out large-scale attacks. As a result of the global digitization and the increasing capabilities of malicious cyber actors, the costs of cybercrime have continued to rise, and are estimated to have topped $600 billion in 2017.

Spotlight

Oxford Biochronometrics S.A.

Oxford BioChronometrics puts the power of human behavior behind stopping bots, fraud and spam. Our software captures user inputs and creates a signature that is more individual than a fingerprint. These signatures cannot be replicated by human beings or by bots and create what the company calls a user's electronically Defined Natural Attributes, or e-DNA. Based in Luxembourg, Oxford BioChronometrics was founded by Adrian Neal, a former software engineering Masters' graduate at Oxford University and cryptographics expert with over 25 years' experience in IT, Banking and Security.

OTHER WHITEPAPERS
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The Importance of Cybersecurity Threat Detection for Utilities

whitePaper | November 25, 2019

Cybersecurity threats against energy companies, including utilities, have been increasing at an alarming rate. A comprehensive approach to ensuring cyber protection is essential and should include cybersecurity threat detection as a standard element. But not all such cybersecurity solutions are created equal.

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The Cyber Resilience Index: Advancing Organizational Cyber Resilience

whitePaper | June 28, 2022

The World Economic Forum Centre for Cybersecurity – in collaboration with the Cyber Resilience Index working group and in partnership with Accenture – developed the global Cyber Resilience Index (CRI). The CRI provides public- and private-sector cyber leaders with a common framework of best practice for true cyber resilience, a mechanism to measure organizational performance, and clear language to communicate value.

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Cybersecurity - for safe and secure mobility

whitePaper | June 6, 2022

In a world that is increasingly connected and digital, cybersecurity is no longer simply an operational requirement – it is an economic necessity that is vital to the ongoing health of any business.

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AI Security White Paper

whitePaper | January 23, 2020

With the accumulation of big data, dramatic improvements in computing power, and continuous innovation in Machine Learning (ML) methods, Artificial Intelligence (AI) technologies such as image recognition, voice recognition, and natural language processing have become ubiquitous. Meanwhile, AI poses a significant impact on computer security: on the one hand, AI can be used to build defensive systems such as malware and network attack detection; on the other hand, AI might be exploited to launch more effective attacks.

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22 Cybersecurity Tips for 2022

whitePaper | June 13, 2022

Many cyber-attacks involve ransomware, a form of malicious software or malware, designed to deny access to a computer system or data until a ransom is paid and a decryption key (commonly called a decryptor) is given to the victim. The encryption is virtually unbreakable without the decryption key, and you should not spend valuable time seeking a way around the encryption if you are attacked with it. Ransomware can spread in multiple ways, but most typically, through phishing emails or by unknowingly visiting an infected website. Ransomware can be catastrophic to healthcare and other organizations, preventing critical information and systems for patient care from being accessed, for example.

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Mid-Year Threat Landscape Report

whitePaper | November 17, 2019

The first half of 2019 brought interesting developments in malware targeting popular operating systems, in hardware and software vulnerabilities affecting consumer and businesses, and in the increased number of attacks aimed at (and even carried out by) IoTs. With the money motive driving the proliferation of malware, cybercriminals are nothing if not resourceful when developing new malware strands or coming up with more successful attack vectors. The number of malware samples roaming the internet is about to reach the 1 billion1 milestone.

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Spotlight

Oxford Biochronometrics S.A.

Oxford BioChronometrics puts the power of human behavior behind stopping bots, fraud and spam. Our software captures user inputs and creates a signature that is more individual than a fingerprint. These signatures cannot be replicated by human beings or by bots and create what the company calls a user's electronically Defined Natural Attributes, or e-DNA. Based in Luxembourg, Oxford BioChronometrics was founded by Adrian Neal, a former software engineering Masters' graduate at Oxford University and cryptographics expert with over 25 years' experience in IT, Banking and Security.

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