Cyber – InsuranceAsia News https://insuranceasianews.com/industry_segments/cyber/ Mon, 22 Dec 2025 04:46:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 SK Telecom facing US$1.5bn compensation payout following cyber breach: reports https://insuranceasianews.com/sk-telecom-facing-us1-5bn-compensation-payout-following-cyber-breach-reports/ Mon, 22 Dec 2025 04:46:36 +0000 https://insuranceasianews.com/?p=207530 South Korea's largest mobile network operator suffered the data breach in April, which impacted its 23 million users.

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South Korea's largest mobile network operator, SK Telecom, is facing a potential compensation payout of KRW2.3 trillion (US$1.5 billion) after being ordered by regulators to compensate all of its cust...

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]]> Cyber, supply chain risks are reshaping Japan’s business landscape: Aon https://insuranceasianews.com/cyber-supply-chain-risks-are-reshaping-japans-business-landscape-aon/ Fri, 19 Dec 2025 08:41:35 +0000 https://insuranceasianews.com/?p=207439 Aon’s 2025 Global Risk Management Survey highlights product liability and exchange rate fluctuations as key concerns, reflecting the country’s sensitivity to global market shifts.

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Cyber-attacks and data breaches are the top risk for Japanese businesses, consistent with global trends, while supply chain or distribution failure ranks second, as mounting geopolitical volatility, e...

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]]> Dual Australia taps Harry Grannum as a senior cyber underwriter https://insuranceasianews.com/dual-australia-taps-harry-grannum-as-a-senior-cyber-underwriter/ Thu, 18 Dec 2025 02:12:11 +0000 https://insuranceasianews.com/?p=207239 He has over a decade of experience in financial lines underwriting in the UK and Australia.

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Harry Grannum has joined Dual Australia as senior cyber underwriter in its Sydney office.
In a post on LinkedIn, Grannum (pictured) confirmed that he joined the Australian MGA this month.
Grannum has ...

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]]> Cybercrime, renewable energy top the agenda as insurer predicts a year of rising threats for 2026 https://insuranceasianews.com/insurer-predicts-a-year-of-rising-threats-for-2026/ Tue, 16 Dec 2025 22:00:46 +0000 https://insuranceasianews.com/?p=207064 Beazley CEO Adrian Cox says the 'pace and complexity of risks has never been greater'.

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The rising threat of cybercrime and the move to a renewable energy future will create major challenges for global businesses in 2026, Beazley CEO Adrian Cox has warned.
He was speaking as the underwri...

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]]> Liberty Specialty Markets’ cyber lead Angela Messih confirms BHSI switch in 2026 https://insuranceasianews.com/liberty-specialty-markets-cyber-lead-angela-messih-confirms-bhsi-switch-in-2026/ Mon, 15 Dec 2025 05:03:01 +0000 https://insuranceasianews.com/?p=206895 Sydney-based Messih has been with Liberty Specialty Markets since May 2016, most recently as cyber lead and senior claims specialist for professional and financial risks.

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Berkshire Hathaway Specialty Insurance has hired Angela Messih as executive and professional lines claims manager in Australia.
Sydney-based Messih (pictured) will start at the specialty insurer in th...

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]]> Meritz Fire & Marine faces US$680,000 exposure to Coupang data breach https://insuranceasianews.com/meritz-fire-marine-faces-us682m-expsoure-to-coupang-data-breach-reports/ Mon, 08 Dec 2025 10:08:30 +0000 https://insuranceasianews.com/?p=206350 US-listed Korean retailer is facing class action suits in the US and South Korea following a data leak that compromised information of 34 million customers.

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This story and headline have been corrected after the initial story stated that the exposure was US$682 million.
Meritz Fire & Marine is facing a KRW1 billion (US$680,000) exposure linked to the d...

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]]> South Korea’s financial watchdog slams ‘extremely low’ cybersecurity investment after Coupang breach https://insuranceasianews.com/south-koreas-financial-watchdog-slams-extremely-low-cybersecurity-investment-after-coupang-breach/ Mon, 01 Dec 2025 10:05:25 +0000 https://insuranceasianews.com/?p=205796 Online retailer apologises for a massive data breach, potentially involving nearly 34 million local customer accounts.

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Levels of investment in cybersecurity by South Korean firms is far below that of other major countries, the head of the country's financial watchdog said on Monday.
Financial Supervisory Service (FSS)...

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]]> Cyber threats and data privacy top risk agenda for Indian companies in 2025: Aon  https://insuranceasianews.com/cyber-threats-and-data-drivacy-top-risk-agenda-for-indian-companies-in-2025-aon/ Wed, 19 Nov 2025 07:30:43 +0000 https://insuranceasianews.com/?p=204926 Indian businesses have faced substantial losses from their most critical risks, with 77.8% reporting losses due to property damage and 46.2% due to BI, while 63.6% reported that they were impacted by exchange rate fluctuations.

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Cyber threats and data privacy top the risk agenda for Indian companies this year, revealing the country is navigating a landscape marked by digital disruption, talent challenges and regulatory comple...

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]]> Willis promotes Conor Keating, Carlos Grijalva to pan Asian cyber roles https://insuranceasianews.com/willis-promotes-conor-keating-carlos-grijalva-to-pan-asian-cyber-roles/ Tue, 11 Nov 2025 02:32:14 +0000 https://insuranceasianews.com/?p=204307 Appointments 'reflect the depth of talent within our team', Peter Foster, chairman of global finex cyber and cyber risk solutions at Willis, said.

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Willis has promoted two of its senior cyber leaders in APAC to drive the growth of the business amid a rapidly evolving threat landscape for companies in the region.
In a statement on Tuesday, Willis ...

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]]> Michael Parrant confirms WTW cyber switch after 23 years with Aon https://insuranceasianews.com/michael-parrant-confirms-wtw-switch-after-23-years-with-aon/ Fri, 07 Nov 2025 03:44:21 +0000 https://insuranceasianews.com/?p=204071 Melbourne-based Parrant joins WTW as the director of its cyber practice.

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Michael Parrant has confirmed he has joined WTW as the director of its cyber practice after 23 years with Aon.
Melbourne-based Parrant (pictured) said he was "excited to begin a new chapter of my care...

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