Article archive

Companies Battle Data Breaches by Linda Cameron

26/10/2014 07:49
    Businesses are still coping with cyber-related data theft. The breaches at luxury retailer Neiman Marcus and discount retailer Target Corp. are now chapters in modern business archives. Financial services giant J.P. Morgan, office supplier Staples, and retailers Kmart and Home...

10 Things IT Probably Doesn't Know About Cyber Insurance by Ericka Chickowski

24/10/2014 05:40
Understand the benefits and the pitfalls you might miss when evaluating cyber policies.   As more organizations start considering cyber insurance as one component of a fully fleshed-out IT security operations and risk management strategy, increasing numbers of IT executives and security...

Data breaches: Be prepared or prepare to pay by Michael Bruemmer

19/10/2014 07:16
Earlier this year, hackers attempted to access the Office of Personnel Management’s database files of thousands of workers seeking high-level security clearances. It wasn’t the first such cyber attack from abroad against a U.S. agency, and it certainly won’t be the last. Fortunately, the alleged...

Cybercrime: The Next Entrepreneurial Growth Business? by Steve Durbin

18/10/2014 05:29
Cyberspace is constantly evolving and presenting organizations with new opportunities, as the desire of businesses to quickly adopt new technologies, such as using the Internet to open new channels and adopting cloud services, provides vast opportunity. But, it also brings unanticipated risks and...

How much does Cyber/Data Breach Insurance Cost? by Christine Marciano

12/10/2014 21:59
Cyber insurance helps tame the significant costs of a cyber attack and/or data breach by offering coverage for Public Relations, forensics investigations, breach notification mailings, call centers, credit monitoring, regulatory defense, penalties and fines, attorney fees and much...

Cyberinsurance a rare growth market By Noah Buhayar, Sarah Jones and Zachary Tracer

10/10/2014 21:46
Insurers flush with capital are rushing to grab part of an expanding cybercoverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. andHome Depot Inc. Sales are set to double this year from about $1 billion in 2013, according to Bob Parisi, head of the...

Cyber risk management: A boardroom issue by Peter Given

09/10/2014 04:43
Having comprehensive cyber risk policies that are not followed can be as detrimental as not having a policy at all says Peter Given.Good who advises that good risk-insurance will demand appropriate procedures are both in place and implemented. Cyber-security is an increasingly high profile and...

Steps Directors and CIOs Can Take to Minimize Cyberattack Losses by Brian Finch and Sarah Good

07/10/2014 19:42
No director or officer can effectively carry out their duties today without considering the possibility of a cyberattack disrupting or damaging their company, and the fact that they will be the target of blame after the attack. With the right amount of forethought and preparation, however,...

How Cookie-Cutter Cyber Insurance Falls Short by Kevin Smith

07/10/2014 06:39
Many off-the-shelf cyber liability policies feature a broad range of exclusions that won't protect your company from a data breach or ransomware attack.   The growing exposure from data breaches and ransomware, along with the tightening of federal and state privacy laws, is creating a...

Cyber Coverage Experiences Growing Pains By Denise Johnson

05/10/2014 09:24
In light of businesses increasing usage of information assets and advancing technology insurers are pulling away from cyber coverage, according to Kevin Kalinich, global practice leader of cyber risk insurance at Aon Risk Solutions.   “A big misconception is that these are creating worse...
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