About AXA XL
AXA XL, the new division of AXA Group, combines XL Group operations, AXA Corporate Solutions and AXA Art, to provide property, casualty and specialty risk insurance and risk management products and services for mid-sized companies through to multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward.
Cyber insurance market: The year in review
Cyber liability is fast becoming the last frontier of the insurance world.
Hackers and cyber thieves are growing in number and in the sophistication of their attacks. Attacks that do not require hackers to directly breach systems – fileless attacks – are ten times more likely to succeed than file-based attacks. These fileless attacks, also known as zero-footprint, macro, or non-malware attacks use legitimate applications or even the operating system. These types of attacks don't install new software on a user's computer, so antivirus tools are more likely to miss them.
Cyber thieves are setting their sights higher, as well, shutting down systems and demanding expensive ransoms.
To read the full article by John Coletti and Jeremy Gittler, click the link below….
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