Alice Hutchings (University of Cambridge, US)
Alice Hutchings is a University Lecturer in the Security Group at the Computer Laboratory, University of Cambridge. She is also Deputy-Director of the Cambridge Cybercrime Centre, an interdisciplinary initiative combining expertise from computer science, criminology, and law. Specialising in cybercrime, she bridges the gap between criminology and computer science. Generally, her research interests include understanding cybercrime offenders, cybercrime events, and the prevention and disruption of online crime.
Every day, hundreds of people fly on airline tickets that have been obtained fraudulently, and much of this is facilitated by cybercrime. I will use this example to explore cybercrime in more depth, and understand its real-world impacts. I will explore the trade in these tickets, drawing on interviews with industry and law enforcement, and an analysis of an online black market. Tickets are purchased by complicit travellers or resellers from the online black market. Victim travellers obtain tickets from fake travel agencies or malicious insiders. Compromised credit cards used to be the main method to purchase tickets illegitimately. However, as fraud detection systems improved, offenders displaced to other methods, including compromised loyalty point accounts, phishing, and compromised business accounts. In addition to complicit and victim travellers, fraudulently obtained tickets are used for transporting mules, and for trafficking and smuggling.
Cyber Insurance SIG Webinars
December 20, 2019 13:00-14:30
Kara C. Owens (Markel Corporation, US)
Kara C. Owens, CPCU, RPLU, ARe Managing Director, Global Cyber Underwriting Executive – Markel Corporation (USA) Kara graduated magna cum laude from Temple University where she majored in risk management, insurance and marketing. She holds her RPLU, CPCU, ARe and ARM designations. Kara has more than 10 years in the insurance industry and her most recent position was at TransRe where she was the Global Head of Cyber Risk. In this role, she was responsible for underwriting, risk management, communication and new product development. Prior to TransRe, Kara was a broker at Guy Carpenter. Kara is active in the Advancement of Professional Insurance Women (APIW) where she serves on the membership committee and founded TransRe’s women’s group, WiRe. She also serves as a mentor for St. John’s University and Temple University risk management students. Kara joined Markel in March of 2018 and serves as the Managing Director for Global Cyber Underwriting. In this role, Kara is responsible for establishing and leading Markel’s cyber market strategy and working with cyber underwriters across the company to achieve growth and profit initiatives. She will also develop best practices for cyber underwriting and reinsurance strategies worldwide in all Markel divisions.
Silent or non-affirmative cyber across traditional insurance policies within the insurance industry is not so silent anymore. Regulators, rating agencies, and Lloyd's are asking insurers more and more questions and, in some cases, are enforcing eradication of silent cyber. The industry is seeing more cyber security and privacy related claims being notified on property and casualty policies. Exposures continue to show themselves as the Internet of Things and Internet of Bodies expand. This webinar will discuss exposures across insurance product lines, from cyber security and privacy risk, as well as how the industry is reacting to these exposures.
Cyber Insurance SIG Webinars
January 28, 2020 11:20-12:30
Last Update: January 28th, 2020
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