News

Cyberattack on German steel factory causes 'massive damage by Loek Essers

21/12/2014 09:02
A German steel factory suffered massive damage after hackers managed to access production networks, allowing them to tamper with the controls of a blast furnace, the government said in its annual IT...

The Internet of Things to bring a new economic boom by Patrick Thibodeau

20/12/2014 07:54
The Internet of Things (IoT) may be more significant in reshaping the competitive landscape than the arrival of the Internet. Its productivity potential is so powerful it will deliver a new era of...

Should Your Company Get Cybersecurity Insurance? by Will Yakowicz

19/12/2014 18:18
The recent Sony breach was epic--more than 100 terabytes of data was compromised, including company employees' personal medical records, embarrassing email correspondence, and unreleased...

10 Worst Data Breaches of All Time By Elizabeth Palermo

17/12/2014 06:45
You probably heard about the Target data breach that put the credit-card numbers and personal information of millions of the retail giant's customers into the hands of cybercriminals in late 2013....

Websense 2015 Security Predictions Report

16/12/2014 20:18
Websense Security Labs has a proven track record of accurately predicting the threats that will face cybersecurity professionals over the next year. In 2014, seven of the eight forecasts were right...

A.M. Best Special Report: A.M. Best Fall 2014 Insurance Industry Survey Focuses on Cyber Risk

16/12/2014 19:29
OLDWICK, N.J.--(BUSINESS WIRE)--Cyber risk remains a fast-growing emerging risk for the insurance industry. Similar to other financial services sectors, the insurance industry is vulnerable to...

Hacking after Sony: What companies need to know by Amanda Schaupak

14/12/2014 18:14
The massive breach at Sony Pictures has raised fears that cyber crime is outpacing corporate security and that hackers have achieved a new height of technical ingenuity in their attacks....

Cyber Security Practices Insurance Underwriters Demand by Natalie Lehr

13/12/2014 04:44
Insurance underwriters aren't looking for companies impervious to risk. They want clients that understand the threat landscape and have demonstrated abilities to mitigate attacks. With security...

Managing cyber risks with insurance by PWC

11/12/2014 21:07
Key factors to consider when evaluating how cyber insurance can enhance your security program Managing cyber risks to sensitive information assets and systems is a top priority for most companies....

The other cyber shoe has dropped – What does that mean for your Insurance Program ? by Scott N. Godes

09/12/2014 20:38
Just when you thought that it could not get worse for companies in the context of cybersecurity and privacy issues…it does. The end of 2014 has been brutal. Perhaps most significant, a court allowed...

How stolen credit card data is used by Scott Aurnou

09/12/2014 05:22
  Hint: Emails recruiting you for "mystery shopper" and "work at home" opportunities are likely trying to involve you in the scams. Reports of high-profile data breaches have been hard to miss...

Car makers commit to privacy for connected cars by Giulio Coraggio

07/12/2014 01:06
19 makers of cars and trucks sold in the US committed to preserve the privacy of their customers in the view of the massive amount of personal data that are going to be processed through connected...

Lessons from Target Class Action Ruling by Judy Selby

07/12/2014 00:58
In addition to the consumer lawsuits arising out of last year's massive data breach, Target faces a potentially more problematic lawsuit brought by financial institutions that issued credit and debit...

The Hidden Strategic Advantage in Cyber Insurance By James McFarlin

06/12/2014 17:11
"Organizations with cyber insurance benefit from a greater peace of mind as well as the opportunity for more effective cybersecurity practices and operational resiliency" Maintaining security and...

Treasury Department Says Banks Need Cyber Risk Insurance by Filed Under

06/12/2014 12:32
Amid a plethora of cyber infiltrations, data breaches and hacking threats, one United States Treasury Department official is urging financial institutions to adopt cyber...

Data Loss, Downtime Cost Businesses $1.7 Trillion By Nathan Eddy

06/12/2014 12:29
  Business trends, such as big data, mobile and hybrid cloud, are creating challenges for data protection, according to the EMC survey. Data loss and downtime cost enterprises $1.7 trillion in...

NetDiligence® Publishes Fourth Annual Study of Actual Payouts on Cyber Claims and Data Breaches

04/12/2014 06:01
PHILADELPHIA, Dec. 3, 2014 /PRNewswire/ -- NetDiligence®, a leading cyber risk assessment and data breach services company, announced today it has published its fourth...

Cyber espionage ring stole corporate secrets

03/12/2014 22:04
  Security researchers say they have uncovered a cyber espionage ring focused on stealing corporate secrets for the purpose of gaming the stock market, in an operation that has compromised...

Recent hacking involving Sony Pictures Entertainment shows need for business interruption cover in cyber insurance: CFC Underwriting

02/12/2014 07:10
Last week's hacking incident involving Sony Pictures Entertainment highlights the importance of having cyber insurance that includes business interruption cover and demonstrates the negative effect...

10 insurance mistakes to avoid in 2015 by Scott Simmonds, CPCU, ARM

30/11/2014 23:49
At least a few of the 365 days in 2015 will include a calamity or two for your bank. Many will be small. A few might be large. Some that start small might morph into large. Make sure your bank’s...
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