Risk Management Magazine (6/20/2022)
As companies increasingly digitize their businesses and automate their operations, unpatched or end-of-life software present significant cybersecurity threats. According to the Check Point Cyber Security Report 2021, three out of four cyberattacks in 2020 exploited existing security vulnerabilities from 2017 or earlier, highlighting the issue of unpatched known software vulnerabilities. 

Risk Management Monitor (6/17/2022)
As organizations continue to adapt to remote or hybrid work models, it has never been more vital to have a robust cybersecurity program to better protect against ransomware other cyberattacks. Ransomware attacks have proven a particular risk in recent years, with attacks like the Colonial Pipeline and myriad attacks on health care organizations demonstrating the serious impact of cyberattacks beyond financial risks, affecting everyday life and business operations.

Insurance Journal (6/22/2022)
European officials are skeptical of a U.S. push to set a price cap on Russian oil by potentially easing an EU ban on insurance for the transportation of crude and petroleum products from Russia.  U.S. Treasury Secretary Janet Yellen said on Monday that talks are ongoing between the U.S. and its allies on how to use the European Union’s insurance ban to limit the price of Russian oil exports. 

Reuters (6/22/2022)
Business associations for top U.S.-listed companies have pushed back against a landmark proposal by the Securities and Exchange Commission (SEC) to make corporate America disclose a range of greenhouse gas emission figures. Groups including the U.S. Chamber of Commerce, the Bank Policy Institute, the National Association of Manufacturers (NAM) and the American Petroleum Institute (API) asked the Wall Street regulator for more discretion in the details they provide to investors.

Insurance Journal (6/20/2022)
The insurtech industry has been around for about a decade, and experts say that while it has succeeded in bringing new entrants into the industry, it has struggled at times with distribution and customer acquisition. This is where embedded insurance is stepping in to fill some of those gaps, according to Sebastien Bert, co-head of strategic partnerships for the Americas at Swiss Re.

PropertyCasualty360 (6/23/2022)
A study that compared weather data with daily number of workers’ compensation claims in Adelaide, South Australia from 2003-2013 found claims increased under moderate to extreme temperatures, while cold conditions resulted in delayed effects.

Canadian Underwriter (6/20/2022)
Fresh from emerging from a global pandemic, Canada’s P&C insurance industry is turning its mind toward the next item on its global risks list – the threat of an economic recession. Global economic recession topped the list of potential 2023 risks, according to 56% of more than 240 people who attended Canadian Underwriter‘s webinar last week.

Asia Insurance Review (6/22/2022)
UN assistant secretary-general for climate action, Mr Selwin Hart, has suggested what the insurance sector can do to cut emissions by half by 2030.  He stressed, "The climate crisis is the greatest test of our age. The science is conclusive, the choices are clear, and the tools we need are all within our reach.  Let’s pick up the toolbox and get to work."

RIMScast
Telgian’s Vice President of Security Risk Consulting Lauris Freidenfelds joined RIMScast to discuss workplace violence, public safety, and active shooter preparedness in 2022. The interview explores what risk professionals need to know about public violence and its impact on the organization’s emergency preparedness programs.

RIMS Webinar
In this interactive webinar on June 30, you will navigate a real-life scenario more businesses are experiencing as ransomware attacks continue to increase across the globe.