PCS Global Cyber

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PCS estimates Equifax cyber loss at $125m, designates Merck hack

Property Claim Services (PCS) has published its first estimate of the insurance industry loss due to the recent Equifax cyber hacking breach putting it at $125 million, Artemis can reveal. PCS has also designated its second Global Cyber loss event, the malware attack that hit pharmaceutical giant Merck & Co.PCS read the full article →

PCS designates Equifax hack as first Global Cyber Index event

Having only launched PCS Global Cyber, a loss aggregation service offering industry loss estimates for individual affirmative international cyber events, just over a week ago, Property Claim Services (PCS) has already designated the first event, the recent Equifax hacking breach.The PCS Global Cyber service can provide an index trigger for read the full article →

PCS launches Global Cyber Index service for risk transfer industry

Property Claim Services (PCS) has announced the launch of PCS Global Cyber, a new loss aggregation service that offers industry loss estimates for individual affirmative international cyber events and can provide an index trigger for cyber risk transfer contracts, such as ILW's or catastrophe bonds.PCS, a Verisk Analytics company, has read the full article →