cyber insurance
GenAI is risky by nature, and insurers are torn between cashing in and running a mile.
"It's vital that we build a vibrant reinsurance market to allow the insurance market to hedge the systemic risk in cyber..."
Rates for cyber insurance keep falling even in a "very active claims environment"
As cyber-related brokering fraud activity spikes, insurers clarify their policies.
"More organisations have cyber insurance; fewer are claiming; more are recovering themselves."
'Do not state anything that is subjective and avoid adjectives (e.g., "state of the art," "mature," "advanced," "appropriate," "comprehensive," or "reasonable")' say experts.
"In another example, a custom-built application relied on an old version of Apache Log4J for logging, and the updates to Log4J did not support data in the same way. There was no budget for this application to be rebuilt at the time..."