AIG cyber specialists handle 'one cyber attack per day'
AIG has reported that its cyber specialist team is handling at least one cyber attack every day, and has seen as many claims notifications in 2017 as in the previous four years combined.
In AIG’s recent Cyber Claims Report, it revealed that ransomware has remained the top cause for cyber claims, reflecting an increased incidence of such attack world wide.
The insurer’s claims
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Technology
Blockchain insurtech wins Norton Rose Fullbright accelerator
Blockchain insurtech Opencover has won £50,000 of investment and legal advice at the Norton Rose Fulbright 2025 Insurathon.
Why technology is making the human touch in claims more important than ever
View from the Top: Technology is transforming insurance, but claims handling still depends on expertise and empathy. Margaret Murphy, claims director at CFC, discusses the balance between digital tools and human insight.
60 Seconds With... Capco’s Matt Hutchins
Matt Hutchins, global and UK head of insurance at Capco, would like to have a license to kill, would like to go back to Ancient Greece, and hopes to learn more about generative artificial intelligence coding and prompting.
How AI is transforming everyday tasks at Axa
View from the Top: As artificial intelligence reshapes the insurance industry, Axa Commercial’s Sarah Mallaby discusses its benefits, challenges, and why personal service remains vital.
Big Interview: Freddy Macnamara, Cuvva
Freddy Macnamara, Cuvva CEO and founder, explores with Damisola Sulaiman how the insurtech’s app has been key to its direct customer acquisition and why price comparison sites may soon be a thing of the past.
Cyber attacks to be given hurricane-like categorisations
The Cyber Monitoring Centre has announced that it will categorise cyber events affecting UK businesses with immediate effect, giving insurers a potential means of managing their exposure to systemic losses.
What NatWest was doing while Amazon’s efforts crashed and burned
Editor’s View: At the end of 2022 all eyes were on Amazon’s Insurance Store, but Emma Ann Hughes observes perhaps more attention should have been paid to what NatWest was quietly doing with technology and financial services distribution.
Cuvva ‘eyeing’ annual motor insurance
Short-term car motor insurance firm Cuvva “has its eye on” annual motor insurance, according to CEO and founder Freddy Macnamara.