Article archive

Target Data Breach Insurance Case Study - By Christine Marciano

20/12/2013 21:59
Target was targeted by data thieves starting on Black Friday during the most busiest holiday shopping season of the year (between Nov. 27 and Dec.15). It seems that data thieves did some shopping themselves for about 40,000,000 credit and debit cards. With 1,797 stores in the U.S. and another 124...

Target says 40 million credit, debit card accounts may be affected by data breach

19/12/2013 20:49
MINNEAPOLIS –  Target says that about 40 million credit and debit card accounts may have been affected by a data breach that occurred just as the holiday shopping season shifted into high gear. The chain said that accounts of customers who made purchases by swiping their cards at terminals in...

Cyber criminals hack into wealth managers to steal millions

17/12/2013 07:00
by Dylan Lobo on Dec 16, Tech-savvy criminals have stolen millions by hacking into wealth managers systems, according to the Financial Times. The paper, which cites research from investigations agency Kroll, says at least six wealth managers have been targeted in the past four months...

How Could a Data Breach Affect Me?

17/12/2013 06:34
It seems there's a new data breach in the news every few weeks, with personal details expose for thousands or millions of victims. Just how could such a breach affect you? By Neil J. Rubenking Let's play a game. Try to make a list of all the businesses and other entities...

Massive Cyber Bust A Score For Cyber Monday

15/12/2013 23:35
As Cyber Monday ‘scores’ go, it was a pretty big one but certainly not the kind of bargain shoppers were seeking. Law enforcement experts from around the globe shut down over 700 websites suspected of selling illegal or counterfeit goods in what’s being dubbed Project Cyber Monday...

Is 10 Hours Too Long To Spot A Data Breach?

15/12/2013 23:30
“If you’re in a fight, you need to know that while it’s happening, not after the fact.” These compelling words jump off the page in Needle in a Datastack, a new and chilling report from McAfee data security. Failure to detect the battle can leave you badly bruised if not seriously maimed...

Beazley Breach Response Services 1000th Breach

14/12/2013 20:20
Innovative Insurer becomes the first to manage 1,000 breaches.Beazley, the pioneer in breach response insurance, is currently managing its 1,000th breach. This marks the 1,000th time that Beazley has helped a company recover from a serious loss of data since 2009, when they first...

EU tightens Data Protection Rules

13/12/2013 06:21
Compelling companies to notify supervisory authorities when a breach occurs will drive the growth of cyber insurance in the EU. The Civil Liberties, Justice and Home Affairs (LIBE) Committee of the European Parliament has approved the compromise amendments on the European Commission’s...

Data Breach Insurance: Will It Help Or Hurt Your Privacy?

12/12/2013 00:00
If someone steals your credit card number, the issuer doesn't make you pay. They get their money back through user fees and insurance. When I first heard about Beazley's security breach insurance, I worried, because a breach costs more than money. Yes, insurance could pay fines and damages to...

Cyber Outlook: The must-know sectors for new business

11/12/2013 08:34
The frequency, sophistication and severity of data breaches is set to explode in 2014, according to two new industry reports.  For the savvy insurance producer, that means an increased opportunity to pitch cyber security insurance to clients—provided you know which ones to target. Data...
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