Recent data breaches like those involving Target, Sony and Anthem have received attention for the size, scale and sophistication behind the attacks. Hackers were portrayed as well-moneyed operatives...
April 16--Target Corp. has reached a $19 million settlement with MasterCard that is a big step toward resolving pending claims from banks and credit unions over losses from the retailer's massive...
Data protection insurance—more often referred to generically as cyber insurance—is responding to some of the most pressing and complex threats faced by organizations.
While the landscape continues to...
(Reuters) — When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack.
If hackers are portrayed as well-funded geniuses,...
The exposure of personal information is the most frightening cybersecurity threat to private companies, according to a survey released this week.
Executives and corporate counsel in...
Cyber-liability coverage cannot be addressed in a one-size-fits-all fashion
In the growing technologically interdependent marketplace, any company that stores either its own data or data from...
At the moment, we would agree with AIG CEO Peter Hancock’s recent statement that cyber capacity is still lacking, due to the fact that there is a serious lack of concern across the majority of...
Britain’s largest insurer has urged bosses to put safeguards against cyber attacks at the top of their priority lists, after a Russian hacker reportedly stole £650 million from banks around the...
BUSINESSES need to become more aware of cyber security, according to an insurance specialist.
Poole-based Alan & Thomas says any business, large or small, that uses computers is at risk of a...
(Reuters) — IBM has uncovered a sophisticated fraud scheme run by a well-funded Eastern European gang of cyber criminals that uses a combination of phishing, malware and phone calls that the...
Factor in under-reporting and the growing sophistication of ransomware -- like PacMan's social engineering scheme -- and the number might be higher.
If you're an organization that's been...
Unlike other types of insurance, there is no standard form on which the insurance industry as a whole underwrites cyber coverage.
By: Steve Raptis | March 13, 2015
Many companies are now...
As driverless cars go from science fiction to fact, the multi-billion dollar auto-insurance industry is trying to figure out how not to be run off the road.
Today, 90 percent of car crashes in the...
Legal firms, health care companies and financial services providers have been major purchasers of cyber insurance.
All public and private businesses put themselves and their bottom line at risk for...
The past month has been a busy one for insurance brokers operating in the cyber risk class, due to the launch of a joint initiative by the Government and the insurance sector to help cement the UK's...
The threat of cyber-attacks has been brought to the attention of the public with the activity of cyber-criminals such as the Lizard Squad, which has used DDoS attacks to bring down the networks of...
At the 2015 Advisen Casualty Insights conference, a panel discussed cyber insurance in the casualty insurance industry. The panel consisted of Joe Cellura from Allied World, Ron Beiderman from...
Many UK businesses mistakenly believe insurance products they have bought cover them against the cost of damage stemming from cyber attacks, according to a new report by the government and insurance...
(Reuters) - Only 2 percent of large British firms have separate insurance against cyber attacks and the number dwindles to nearly zero for smaller firms, the government said in a report on...
The internet of things (IoT) describes a world where all ‘things’ (furniture, appliances, infrastructure, wildlife etc.) can be integrated into the internet. The oft-cited example is a fridge...