If major technology companies decide “flex their corporate muscles” in the insurance sector, it could change the playing field for everyone involved, KMPG has warned.The industry is already fighting...
The risk of data breach may not be on the radar screen of an entity engaged in contract negotiations with vendors who, in the course of their work, will have access to or possession of the entity’s...
EU financial regulator the European Insurance and Occupational Pensions Authority (Eiopa) has called on continental regulators to check that insurers and other financial institutions devote...
The Massive & Ever-Increasing Risk
2014 has seen one massive data breach after another, affecting industries and organizations of every type. One recent report indicated an Eastern European...
Retail giant Target got an unusual amount of air time over the holiday season last year. Unfortunately for them, it was not due to their engaging commercials. Their positive consumer appeal was...
Employee errors at the root of most data breaches, but breaches caused by malware or spyware prove more costly
San Francisco, 18 September 2014
Beazley, the pioneer in breach response...
Data breach – those two words stir fear in most people. According to Privacy Rights Clearinghouse, more than 864 million personal records have been breached in the U.S. since 2005. With...
AIG has launched a cyber product for SMEs in conjunction with broker Sutcliffe & Co and IASME Consortium to support the government’s Cyber Essentials Scheme.
The scheme is aimed at encouraging...
When talking about stolen financial information through the web, discussions often focus on banks, insurance companies, and other financial institutions.
But new research from Kaspersky Lab...
Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured...
The fallout from Home Depot's now confirmed data breach of its payment systems runs wide and deep. After a week-long open speculation by the media, the nation’s largest home improvement company...
Cyber insurance is becoming more of an issue for businesses, especially those that deal in very valuable consumer information. This type of insurance coverage can provide a safety net for businesses...
The cyberthreat against small businesses is mounting as attacks soar. And it's not just large retailers, like Home Depot and Target, getting hacked. Just ask Kevin Stecko, the owner of specialty...
By 2020, private firms will be buying cybersecurity insurance when they sign up for product liability coverage and other basic policies, a top White House cyber official said Monday.
There isn't a...
It’s sort of sickening to indulge in yet more creation of copy in regard to the great celebrity nude photo leak. Surely, just about everything that needs to be said about this 100-car-pileup of a...
You may think of the Millennials as the oversharing generation, but contrary to their unabashed seflies and promiscuous use of social platforms, they’re not entirely comfortable living in a...
(Reuters) - Cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss...
Is your business prepared for the cost, liability and potential business interruption of a data breach? Your business being hit by ID-theft criminals is a frightening thought, but one you should...
Lawmakers have been unable to pass legislation to deal with the stream of hacks at major stores and websites, but the government may be able to do some good by helping out the insurance...
Just yesterday, the United Parcel Service UPS 0.41% became the latest company to fall victim to a customer data breach. The hack only affected customers at...