Blog | Gen Re

Our Perspective

Ransomware, COVID-19 and Cyber Insurance - The Big Disconnect

By Molly Corbett |December 09, 2020|English

How is it that 76% of small-to-medium businesses (SMBs) in the U.S. experienced a cyberattack in 2019, and yet only 31% had Cyber insurance a year later? With the sharp increase in ransomware and online attacks aimed at employees working from home,...
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Cyber Risk Trends: More Ways to Cause - and Prevent - Cyber Losses

By Eric Warbasse, CyberScout, Vice President of Business Development (guest contributor)|December 11, 2019|English

It’s in the news daily - data breaches cost American companies billions of dollars annually. Over the past 12 months, cybercriminals have moved away from selling stolen data on the dark web, to even quicker payouts via ransomware and email compromise. Small...
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Fraud, Extortion, Intimidation - A Homeowners Cyber Policy Can Protect You

By Molly Corbett |March 27, 2019|English

The extortion emails were the first sign of what was to come. Nearly four years ago, a client contacted us regarding unusual claims filed by insureds. When logging in to a personal home computer, a homeowner, was greeted by a frozen screen and a pop-up...
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Paper Breaches Nearly Triple – 5 Tips to Reduce the Risk

By Sarah Turek|April 04, 2018|English

Did you know that the number of data breaches involving paper records nearly tripled in 2017? In a world where companies strive to be paperless, a lot of paper still circulates out there. When these paper records are lost or mishandled, data breaches...
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Cyber Education Matters – The Link to Insurance Sales

By Molly Corbett |December 19, 2017|English

At the close of our cyber risk training programs for insurers and agents, we are often struck with one overriding observation: how much agents and carriers value cyber education. The follow-up questions are numerous and many agents linger just to talk...
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New Laws - A Catalyst for China's Cyber Insurance Market

By Frank Wang |October 19, 2017|English

The Chinese cyber insurance market is getting ready for take-off, primed by a combination of increasing awareness of cyber risk among businesses and the introduction of new laws that place statutory obligations on all kinds of network operators. The...
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