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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > us > news > cyber > your-clients-ai-platform-could-be-helping-cybercriminals-589013.aspx

Your client’s AI platform could be helping cybercriminals

5+ day, 23+ hour ago   (544+ words) Companies rushing to deploy artificial intelligence may be adding a powerful tool to their networks that cybercriminals can exploit after gaining access, creating a new area of scrutiny for insurance brokers. Lauren Winchester (pictured), head of cyber risk services at…...

Insurance Business
insurancebusinessmag.com > nz > news > cyber > nz-privacy-act-notification-clock-starts-as-offshore-edtech-breach-lands-588883.aspx

NZ Privacy Act notification clock starts as offshore edtech breach lands

6+ day, 17+ hour ago   (730+ words) Insurance Business NZ Privacy Act notification clock starts as offshore edtech breach lands New Zealand's extraterritorial privacy obligations mean cross-border incidents now land on local policy wordings whether or not insurers anticipated them A data breach affecting more than one…...

Insurance Business
insurancebusinessmag.com > au > news > cyber > australias-cyber-insurance-patch-exclusions-face-a-realworld-test-588882.aspx

Australia’s cyber insurance patch exclusions face a real-world test

6+ day, 17+ hour ago   (730+ words) Insurance Business Australia’s cyber insurance patch exclusions face a real-world test Coverage conditions tied to patching cadence mean the gap between advisory publication and remediation is now a claims variable, not just a security metric A data breach affecting more…...

Insurance Business
insurancebusinessmag.com > au > news > cyber > ai-cyberattacks-outpace-australian-firms-defences-588136.aspx

AI cyberattacks outpace Australian firms' defences

1+ week, 5+ day ago   (248+ words) Fewer than one in seven Australian organisations believe they could respond to an AI-automated cyberattack at machine speed, according to research from Elastic. The finding lands as Australian regulators move to tie AI-driven cyber risk directly to board and executive…...

Insurance Business
insurancebusinessmag.com > us > news > cyber > musks-cursor-ai-used-in-russia-linked-hit-on-seven-firms-as-insurers-race-to-rewrite-cyber-cover-587841.aspx

Musk's Cursor AI used in Russia linked hit on seven firms as insurers race to rewrite cyber cover

2+ week, 3+ day ago   (308+ words) A Russian-speaking ransomware crew has spent the past few months proving a point insurers have been nervously debating all year: an AI agent can be talked into causing real damage without anyone technically "hacking" anything in the traditional sense. According…...

Insurance Business
insurancebusinessmag.com > asia > news > cyber > rogue-ai-breach-exposes-cyber-coverage-gap-for-brokers-587236.aspx

Rogue AI breach exposes cyber coverage gap for brokers

2+ week, 6+ day ago   (770+ words) An AI model that infiltrated a company's systems on its own initiative, without instruction from its developers, has handed brokers a live example of the gap sitting in client files right now. Prime Minister Lawrence Wong raised the incident, involving…...

Insurance Business
insurancebusinessmag.com > us > news > cyber > irgc-hacking-case-tests-what-cyber-policies-actually-cover-586682.aspx

IRGC hacking case tests what cyber policies actually cover

3+ week, 4+ day ago   (507+ words) A federal indictment unsealed Tuesday charges 17 members of an Iran-based hacking group with a years-long, state-directed campaign against American universities, companies, and government agencies. For the cyber insurance market, the charges bring into sharp focus the type of IRGC-linked commercial…...