
The largest, most popular and fastest growing coffee shop chain in Britain has just written to Loyalty Card members, announcing that their data has been breached.
Costa Coffee and their...
The surge in cyber insurance uptake underlines the attention cyber risk is now getting in the Boardroom and a greater understanding of cyber security issues across British industry.
There is...
A major problem, according to Tracie Grella, global head of professional liability for New York-based insurance provider AIG Inc., is that enterprises often mistakenly believe that general insurance...
When we think of eradicating extreme poverty, most of us associate this idea with the provision of basic needs. Food. Water. Shelter. Some argue to include clean air, security, even access to basic...
Even though there are only 15 billion devices on the Internet of Things (IoT) today, a new report found that there will be 50 billion devices by 2020 -- according to a new report by Cisco and...
Rising boardroom interest in cyber insurance cover has been sparked by a number of major data breaches; the prospect of bigger data breach penalties under new EU data protection laws, and a UK...
Target’s $19 million settlement with MasterCard[1] underscores very significant sources of potential exposure that often follow a data breach incident. In the wake of any significant...
Another credit card in the mail?
If you’re reading this post, you’ve probably received a new credit or debit card in the mail, attached by rubber cement to a cover letter explaining that your card...
Cyber risk is a business issue. That was one of four key themes that characterized the state of cyber risk programs and issues facing the retail and distribution sector, according to...
The frequency, sophistication and severity of data breaches is set to explode, according to a new industry report. For the savvy insurance producer, that means an increased opportunity to pitch...
It's not just for big companies. Cyber insurance can make the difference between staying in business or shutting your doors after an attack.
Imagine for a moment that your company has come under...
Cyber liability insurance is growing by leaps and bounds—as fast as EPLI by some comparisons but in a fraction of the time. According to online information security provider Symantec, businesses...
With the decline in revenues from auto insurance, brokers are looking for new revenue streams. Cyber has been hailed as the hot product for 2015, but brokers are asking one simple question: how...
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...