Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

3/26/2019
04:15 PM
100%
0%

Insurers Collaborate on Cybersecurity Ratings

A group of insurers will base rates and terms on whether customers purchase technology that has earned a stamp of approval.

It's in the best interest of insurance companies to have their customers protected from cybersecurity losses. That, in a nutshell, is why a number of global insurers are collaborating on a rating system for cybersecurity products.

According to The Wall Street Journal, Marsh & McLennan, a professional services company specializing in risk and insurance, will evaluate enterprise cybersecurity technology in a program called "Cyber Catalyst." The article states, "Marsh will collate scores from participating insurers, which will individually size up the offerings, and identify the products and services considered effective in reducing cyber risk."

Companies that choose security products from among the approved selection may find themselves qualified for improved insurance terms and conditions. Insurers already signed up to participate include Allianz SE, AXA SA, Axis Capital Holdings Ltd, Beazley PLC, CFC Underwriting Ltd., Munich Re, Sompo International, and Zurich Insurance Group AG.

Read more here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
EdwardThirlwall
50%
50%
EdwardThirlwall,
User Rank: Apprentice
4/12/2019 | 12:22:03 AM
Pros and cons
We know that we have reached a critical phase of digital attacks when insurance policies now cover cybersecurity losses too. What a time to be alive to be able to weigh in on the pros and cons of technological advances and how much will we stand to gain or lose in the long run.
RyanSepe
100%
0%
RyanSepe,
User Rank: Ninja
3/27/2019 | 9:32:00 AM
Collaborate on Realistic Policies
Its great that insurance companies are starting to collaborate around Cyber Security, but what I think is most pertinent between insurance companies and the companies they "protect" is ensuring that in the case of a breach or incident they cannot use the fine print to dodge coverage. I understand that some are prerequisites to ensure the company is making a best effort to be secure and avoid damage but some line items are just vague clauses that allow for wiggle room.
Windows 10 Migration: Getting It Right
Kevin Alexandra, Principal Solutions Engineer at BeyondTrust,  5/15/2019
Baltimore Ransomware Attack Takes Strange Twist
Kelly Jackson Higgins, Executive Editor at Dark Reading,  5/14/2019
When Older Windows Systems Won't Die
Kelly Sheridan, Staff Editor, Dark Reading,  5/17/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Who replaced the "Scroll Lock" key with a "Screen Lock" key?
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-12173
PUBLISHED: 2019-05-18
MacDown 0.7.1 (870) allows remote code execution via a file:\\\ URI, with a .app pathname, in the HREF attribute of an A element. This is different from CVE-2019-12138.
CVE-2019-12172
PUBLISHED: 2019-05-17
Typora 0.9.9.21.1 (1913) allows arbitrary code execution via a modified file: URL syntax in the HREF attribute of an AREA element, as demonstrated by file:\\\ on macOS or Linux, or file://C| on Windows. This is different from CVE-2019-12137.
CVE-2019-12168
PUBLISHED: 2019-05-17
Four-Faith Wireless Mobile Router F3x24 v1.0 devices allow remote code execution via the Command Shell (aka Administration > Commands) screen.
CVE-2019-12170
PUBLISHED: 2019-05-17
ATutor through 2.2.4 is vulnerable to arbitrary file uploads via the mods/_core/backups/upload.php (aka backup) component. This may result in remote command execution. An attacker can use the instructor account to fully compromise the system using a crafted backup ZIP archive. This will allow for PH...
CVE-2019-11644
PUBLISHED: 2019-05-17
In the F-Secure installer in F-Secure SAFE for Windows before 17.6, F-Secure Internet Security before 17.6, F-Secure Anti-Virus before 17.6, F-Secure Client Security Standard and Premium before 14.10, F-Secure PSB Workstation Security before 12.01, and F-Secure Computer Protection Standard and Premi...