Cybercrime costs the Australian economy over $1 billion annually. Cybercrime risk moved into the top 5 risks faced by Australian business in 2014 according to Allianz research; it wasn’t in the top ten in 2013.
Greater collaboration among governments, insurers and other stakeholders is the key to building disaster-resilient communities, according to the IAG-led PSI Global Resilience Project.
Famous short film Tropfest has been saved by eleventh-hour sponsor CGU Insurance.
The 22 year old event was cancelled last month due to what founder John Polson called a "terrible and irresponsible mismanagement of funds".
While the use of Bitcoin may not presently be widely accepted like cash or electronic funds transfers, it is undeniable that the interest and market opportunities for bitcoin are rapidly increasing.
Among the fastest growing sectors in the industry of smart things is the connected car. No longer a simple way from point A to point B, cars now comprise a computer, cell phone and camera all rolled into one motorized package.
A Brisbane based business was recently the subject of a cyber attack where the hackers made numerous extortion threats and stole sensitive data from them. The business was completely unprepared for the attack, Acting Assistant Brian Hay from the State Crime Command said “We are strongly urging business to ensure their computer systems are secure and protected from hackers.”
On 13 May 2015, the High Court of Australia handed down its decision in the appeal in Wealthsure Pty Ltd v Selig .
The decision considered the application of proportionate liability in the context of proved contraventions of various Commonwealth statutory provisions by a financial planner.
Robust management liability coverage will enable you to sleep soundly at night. But how many of you are still operating with directors and officers coverage without realising they are wide open to claims? Or worse still, how many hof you aven’t considered the importance of such a policy?
Claims made following Cyclone Marcia, which devastated parts of Central Queensland three weeks ago, have sky-rocketed according to the latest figures released by the Insurance Council of Australia.
In what is being called the Ocean’s Eleven of cyber crime, a syndicate of international hackers have stolen over an estimated US$1 billion from more than 100 banks across the world.