News

Time to smell the coffee about Data Breaches by Kevin Duffey

25/04/2015 08:00
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...

Cyber insurance no substitute for cyber security by Richard Pharro

24/04/2015 11:24
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...

General insurance is not cyberinsurance

23/04/2015 14:12
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...

What happens when the economics of everything meet the internet of things? by Miles Mckenna

23/04/2015 11:09
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...

50 billion connected IoT devices by 2020 by Jaclyn Brandt

23/04/2015 07:50
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...

Cyber insurance market spurred by data breach impact, UK government backing and EU privacy reforms, says expert

22/04/2015 14:18
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...

Five Steps To Data Breach Coverage For Card Issuer Liability by Roberta Anderson

21/04/2015 20:39
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...

Will Cyberinsurance Cover Target’s $19 Million MasterCard Settlement? by Scott Godes

21/04/2015 07:48
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 compliance does not always equal risk management, Deloitte report finds

18/04/2015 21:14
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...

Cyber crimes rise 23%: The must-know sectors for new business by Caitlin Bronson

18/04/2015 21:04
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...

5 Reasons You Should Have Cyber Liability Insurance by Minda Zetlin

18/04/2015 07:10
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...

4 Tips to Sell Cyber to Small and Midsized Businesses by Lisa Doherty, Todd Cusano

17/04/2015 20:36
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...

Cyber coverage – how do you sell it? by Donald Horne

17/04/2015 19:42
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...

Hackers aren’t “geniuses:” The real reasons behind most cyber attacks by Caitlin Bronson

17/04/2015 19:29
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...

Target settles with MasterCard for $19M in breach

17/04/2015 19:19
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...

Cyber insurance: An emerging market with growth opportunities by Tom Allen

16/04/2015 07:13
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...

User mistakes aid most cyber attacks, studies show

16/04/2015 07:10
(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,...

Companies see personal data breach as biggest threat by Elise Viebeck

12/04/2015 19:49
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 insurance: Understanding what you have and what you may need by Andrew Lustigman & Jeremy M. King

10/04/2015 20:10
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...

Why is there a lack of capacity in the cyber market? by Jack Elliott-Frey

09/04/2015 18:48
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...
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