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Reinsurers showing increased cyber appetite ahead of 1.1

Cyber reinsurance capacity has increased, with event covers emerging and some alternative capital deals being completed. However, reinsurers will be closely monitoring the performance and systemic exposures of cedants at the upcoming renewals. This comes after a period of stabilisation in the cyber reinsurance market, with policyholders improving risk controls and generating an increased appetite within the reinsurance market.

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China-Linked Espionage Groups Target Asian Telecoms

Three Chinese-linked cyber-espionage groups, called Fireant, Neeedleminer, and Firefly by Broadcom’s cybersecurity division Symantec, have targeted telecommunications operators in Asia. Compromising these operators allows the