News

Toyota to make networked cars standard in Japan, US

18/10/2015 07:22
NAGOYA -- Internet-connected sensors to monitor performance and alert drivers to component defects soon will become standard in Toyota Motor's U.S. and Japanese models -- the latest and...

Dow Jones & Co. breached, current and former subscribers contacted

15/10/2015 13:29
Hackers broke into Dow Jones & Co. systems and were able to access information on fewer than 3,500 of the company's current and former subscribers.   In a letter sent to customers,...

Insurance Telematics Data Privacy: More Questions than Answers

15/10/2015 05:48
As auto insurance savings grow, privacy concerns shrink. That, at least, seems to be the trend: Customers who get lower UBI premiums tend to be less concerned about how telematics will affect their...

Cybersecurity Risk: Law and Trends by Shawn Tuma

12/10/2015 16:21
“Boards that choose to ignore, or minimise, the importance of cybersecurity oversight responsibility, do so at their own peril,” said Luis A Aguilar, commissioner at the US Securities and...

Cyber insurance market booms, but insurers struggle to define policies

12/10/2015 15:44
Transferring risk in exchange of a premium makes commercial sense for businesses and organizations. In the cyber insurance market, several insurers provide value-added services such as access to a...

Cyber insurance premiums rocket after high-profile attacks

12/10/2015 15:38
BOSTON (Reuters) - A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived...

Cyberinsurance: Buyer Beware: 10 Tips For Upping Recovery Odds From Cyber And D&O Policies by David E. Wood and Joshua Gold

11/10/2015 15:42
While the risks posed by data breaches are by now widely recognized, effective management of the risk is lagging. Statistics indicate that concern about data breaches is up, yet half of all...

The Morning Download: Amazon Puts Muscle Behind Nascent Internet of Things by Steve Rosenbush

11/10/2015 15:37
Good morning. Amazon.com IncAMZN +1.25%. has jumped into the Internet of Things, which falls into the category of good ideas whose time hasn’t quite come. The company’s Amazon Web...

Warren Buffett enters the cybersecurity insurance market

08/10/2015 06:39
Insurance giant Warren Buffett is entering one of the most lucrative spaces in the industry. Buffett’s Berkshire Hathaway Specialty Insurance unveiled on Tuesday two new insurance policies...

Retailers Most Vulnerable to Cyber Breaches at Point-of-Sale By Stephanie K. Jones

07/10/2015 13:38
In justifying a reluctance to purchase cyber insurance coverage for data breaches, many retailers insist they don’t store credit card information after a sale. But experts say the...

Europe's Highest Court Invalidates EU - U.S. Safe Harbor Data Sharing Agreement

07/10/2015 07:25
Today the European Court of Justice — Europe’s highest court — invalidated the Safe Harbor agreement and framework that has permitted more than 4,000 companies to transfer personal data from the...

Demand for cyber risk insurance market on the rise

06/10/2015 20:05
According to a new report from Timetric, the cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an...

Unlocking the potential of the Internet of Things

02/10/2015 09:22
The Internet of Things—sensors and actuators connected by networks to computing systems—has received enormous attention over the past five years. A new McKinsey Global Institute report, The...

Experian Data Breach Resolution releases its Annual 2015-2016 Data Breach Response Guide

01/10/2015 20:22
A Ponemon Institute study sponsored by Experian Data Breach Resolution found that a majority of businesses surveyed had a data breach response plan in place, but many were not confident in...

CEO and Data Breach Management by Nikos Georgopoulos

01/10/2015 12:16
Data breaches and cyber security have struck new fear into the hearts of every company because of the nature of the information they handle. As we have seen in the recent data breaches, the way...

Netdiligence: 2015 Cyber Claims Study

30/09/2015 21:12
The fifth annual NetDiligence® Cyber Claims Study uses actual cyber liability insurance reported claims to illuminate the real costs of incidents from an insurer’s perspective. Our goal is to raise...

Kaspersky Labs :Damage Control: The Cost Of Securty Breaches

29/09/2015 06:17
It’s not an easy task to estimate how much a business will lose as a result of a security breach. Figuring out a typical loss is even more complicated. Businesses are cautious of sharing such data,...

Zurich Report : Risk Nexus Overcome by cyber risks? Economic benefits and costs of alternate cyber futures

27/09/2015 07:42
The globalization of value chains, increased financial integration, rapid urbanization, and the Internet’s ubiquity have all accelerated worldwide economic growth over the past few decades....

Cyber crime costs global economy $445bn a year

26/09/2015 05:30
Global losses from cyber crime have been estimated at $445bn (£291bn) a year, according to an insurer. AGCS predicted premiums for cyber insurance would grow from $2bn to more than...

Symantec: Building Comprehensive Security Into Cars

25/09/2015 07:32
Recently, threats to cars have escalated from the realm of possibility to harrowing reality. Symantec is working with automakers, chipmakers, and other forward-thinking companies to block hackers’...
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