Summary:
The devil is in the details. There are inconsistencies in the coverage provided, and minor variations can have significant impact.
No industry or organization, wherever situated and whatever...
Considering many businesses are not even aware when they have been a victim of a cyber-attack, it comes as little surprise the biggest challenge to selling these policies is consumer education.
A...
The spate of recent data breaches at big-name companies such as JPMorgan Chase, Home Depot, and Target raises questions about the effectiveness of the private sector’s information security. According...
Businesses are still coping with cyber-related data theft. The breaches at luxury retailer Neiman Marcus and discount retailer Target Corp. are now chapters in modern business...
Understand the benefits and the pitfalls you might miss when evaluating cyber policies.
As more organizations start considering cyber insurance as one component of a fully fleshed-out IT...
Earlier this year, hackers attempted to access the Office of Personnel Management’s database files of thousands of workers seeking high-level security clearances. It wasn’t the first such cyber...
Cyberspace is constantly evolving and presenting organizations with new opportunities, as the desire of businesses to quickly adopt new technologies, such as using the Internet to open new channels...
Cyber insurance helps tame the significant costs of a cyber attack and/or data breach by offering coverage for Public Relations, forensics investigations, breach notification mailings, call...
Insurers flush with capital are rushing to grab part of an expanding cybercoverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. andHome Depot Inc.
Sales are...
Having comprehensive cyber risk policies that are not followed can be as detrimental as not having a policy at all says Peter Given.Good who advises that good risk-insurance will demand appropriate...
No director or officer can effectively carry out their duties today without considering the possibility of a cyberattack disrupting or damaging their company, and the fact that they will be the...
Many off-the-shelf cyber liability policies feature a broad range of exclusions that won't protect your company from a data breach or ransomware attack.
The growing exposure from data...
In light of businesses increasing usage of information assets and advancing technology insurers are pulling away from cyber coverage, according to Kevin Kalinich, global practice leader of cyber risk...
In the wake of recent mega data breaches, it comes as no surprise that companies are working harder than ever to prepare for an inevitable data breach incident. Enterprises of all shapes and...
As European authorities aim to ratify revised data protection legislation by the end of 2015, many firms will have a lot of work to do to comply, a study has revealed.
If all goes according...
Looking at application forms for cyber insurance suggests four basic steps that can reduce exposure to data breaches.
As we approach the close of 2014, virtually no one needs to be reminded...
Major retailers should expect higher rates and retentions and lower coverage limits for their cyber insurance following several major data breaches since spring 2013, but much depends on persuading...
The Ponemon Institute released the 2014 results from their second annual survey on data breach preparedness sponsored by Experian on Wednesday, and some of the trends were...
The growth of the Internet of Things brought the attention of the European data protection regulators that through the European data protection advisory body, the Article 29 Working Party, issued...
With data breaches making headlines the world over, awareness about the importance of having technologies and governance practices in place to respond to such incidents should be at an alltime...