Corvus Insurance’s Post

In an era where cyber threats and generative AI (Gen AI) are becoming increasingly sophisticated, understanding and mitigating risks associated with intangible assets is more crucial than ever. Join us on 29th October as we explore the growing Cyber Insurance Protection Gap and implications for organisations. Register now: https://aon.io/3YfZemL David Molony, Sophia Waßner, Sarah Armstrong-Smith & Rory Egan #CyberSecurityAwarenessMonth #Aon #BetterDecisions #CyberInsurance #ArtificialIntelligence

"Resilience talks about how you can function in the concept of a crisis" - Bob Parisi, Head of Cyber Solutions - North America, Munich Re Facultative & Corporate. Parisi also addressed the development of AI, and admitted the idea that somebody may create an AI underwriter “scares the hell out of me”. As cyberattacks become increasingly sophisticated, the cyber insurance market faces critical challenges. Recent incidents like WannaCry, NotPetya, and the CrowdStrike, highlight that cyberattacks can have profound impacts and participants in the cyber insurance market need to remain resilient. In the insightful interview with The Insurer TV, Bob Parisi from Munich Re F&C discusses these critical issues and emphasizes that the market must remain vigilant and adaptable. #cyber #cyberinsurance #cybersecurity #frontier #insurance

Insurance, technology a dual defence against cybercrime https://lnkd.in/d6zr549D The first step in combatting cybercrime is to realise that many of the criminal syndicates involved in this space are run like de facto businesses; they operate from offices with large staff complements, all working long shifts to meet targets. This cold truth was shared in the first part of a double-header presentation on cybersecurity, held at Insure Talk 46, a virtual insurance seminar.

The discussions today at the e-Crime & Cybersecurity Austria Congress are in full swing. This afternoon we are hearing about best practice in cyber insurance, social engineering cyber audit, weaponising AI and Paolo Passeri is chatting zero trust as I post #ecrimecongress

Interesting Deloitte article on the the AI Insurance market and comments on the cyber threats - is $5 billion in the next 8 years going to be enough??  Article is in the link below. https://shorturl.at/JGARM

Insurance Agents, you must protect your business at all costs. It’s as important as protecting the home you live in. Which is exactly why this home-business analogy applies to you. Instead of spending loads of money and time on security systems, the fascinating technology of AI Automation can make the cyber criminals and scammers go away for good, in no time. Stay protected.

Due to its comprehensive and valuable nature, healthcare data has become a prime target for cybercriminals. Since 2009, over 189 million records have been exposed in the U.S. alone, with data being sold on the dark web for up to $500 per record. The consequences of these breaches range from identity theft and insurance fraud to more severe misuse. Common causes include #hacking, #unauthorised_access, and #human_error, and with the ongoing digital transformation in healthcare, organisations face significant challenges in securing data. I’ve attached a white paper we created a couple of years ago with more detailed insights. Please feel free to reach out if you'd like to discuss how we can help safeguard your organisation. #Healthcare #DataBreach #CyberSecurity #DigitalHealth #DataProtection #OrangeCyberdefense

– 5 Days Left 🧐 One overlooked challenge of the PSR regulation: dormant mule accounts. These aren't flagged by traditional rule-based monitoring systems. Mule rings and sleeper accounts are poised to slip through the cracks. What’s your strategy for identifying them before it’s too late? Resistant AI’s AI-driven technology is designed to detect these hidden threats in real-time. Ready to upgrade your fraud prevention? Book a call with us to learn more. #FraudDetection #MuleAccounts #FinancialCrime #PSRRegulation #AIForFraudPrevention #ResistantAI #MuleRings #CyberSecurity #FraudPrevention #FinCrime #RegTech #AntiFraud #SleeperAccounts #AIinFinance #RealTimeMonitoring Kathy Gormley Hadas Haimov Lucie Rehak-Novotna, CAMS Roger Walton Lewis Besley Jeevan Dhanjal Ilkay Ozel Mohammed Ghareeb Ollie Hayler Simon King

Insightful and engaging discussion on Zero Trust principles and cyber insurance significance.

The rise in frequency and severity of cybercrime means insurance companies are receiving more cyber-insurance claims than ever before. Here are five reasons why you may need the help of a forensic expert to help validate these claims accurately and effectively: https://lnkd.in/g5fpXV_U #cybersecurity #commercialinsurance #insuranceclaims