News

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...

Forensics and the Internet of Things: the car of the future will be a data goldmine by Ben Rossi

23/11/2014 11:29
Thanks to great leaps forward in automotive technology, cars that once might have been the stuff of futuristic Hollywood films are now inching towards reality. Driverless cars have recently been...

Hackers Don’t Care About the Terms of Your Insurance Policy by J. Andrew Moss and Brian Himmel

22/11/2014 22:25
The Importance of Retroactive Dates and Extended Reporting Periods in Effective Cyberliability Insurance Coverage A recent study reports that the median amount of time between an intrusion into a...

Report Benchmarks Privacy in Fortune 1000 Companies by Judy Selby

22/11/2014 07:48
Total privacy spending across the biggest U.S. companies is predicted to rise to $3B in 2015.   Earlier this month, the International Association of Privacy Professionals released its inaugural...

RBS fined £56m for IT breakdown by Jill Treanor

22/11/2014 07:44
6.5 million customers at Royal Bank of Scotland, NatWest and Ulster Bank affected by computer meltdown in June and July 2012 Royal Bank of Scotland has promised that there will be no repeat of the...

5 Tips for Clients to Consider When Buying Cyber Liability by David Lewison

22/11/2014 07:21
There’s been a myriad of articles outlining the benefits of cyber liability insurance following the well-publicized data breaches of Target, P.F. Chang’s, JPMorgan Chase, eBay, Home Depot and...

How to reduce your risk of a cyber security breach by Lisa Kahn Grossman,

21/11/2014 08:07
According to Chris Collins (R-NY), Chairman of the House Small Business Subcommittee on Health and Technology, nearly 20 percent of cyber attacks are carried out against small businesses...

Does cyber insurance help the CISO get a seat in the boardroom? by Ira Scharf

21/11/2014 07:35
CISOs and cyber security leaders have long struggled to gain a voice in the boardroom. Shut out of leadership meetings and strategic decision-making, IT security has often been seen as little more...

Turkish Hackers Say They Deleted $670 Billion In Electricity Bills by John Vibes

21/11/2014 07:22
A Turkish hacking collective claims to have deleted billions in outstanding electric bills, the government claims the group just removed a data backup. (TheAntiMedia) “RedHack”, a Turkish...

Online Threats Drive Cyber Insurance Need by Suleman Din

19/11/2014 07:41
As the pace of cyberattacks increases, asset managers are taking a hard look at their cyber insurance coverage to make sure that it will cover them should they become a target. Fidelity Investments...

Mapping the Future: The Future of the Internet

19/11/2014 04:58
The internet has infiltrated almost every corner of our society, transforming our lives in the process. Over the coming decades, networked innovations will extend this change to the physical world....

Is cyber insurance your last line of defense? by Jeffrey Man

18/11/2014 20:32
The recent spate of payment card breaches that have plagued the retail industry this year has prompted many merchants to consider investing in cybersecurity liability insurance policies to offset the...

Survey reveals biggest emerging risks of 2015 by Jordan Lynn

17/11/2014 06:59
A survey has found that cyber attacks and terrorism represent the two biggest emerging risks to the reinsurance industry in 2015. The survey, by Guy Carpenter & Company in the United States,...
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