News

JPMorgan probes possible cyber attack; other banks reportedly hit by Reuters

29/08/2014 17:14
(Reuters) — JPMorgan Chase & Co. is investigating a possible cyber attack and working with law enforcement authorities to determine the scope, a company spokeswoman said on Thursday morning. The...

CYBER SECURITY IS BECOMING A PRIORITY AS NEW VULNERABILITIES ARE REVEALED AND DIGITAL ATTACKS BECOME MORE COMMON

29/08/2014 17:08
Cyber security is gaining more serious attention , especially as new OpenSSL vulnerabilities are announced. Two new vulnerabilities were revealed recently, both of which allow malicious...

Cybercrime and eRetail – Marriage made in eHeaven? by Rob Livingstone

26/08/2014 22:00
The recent hack and subsequent data loss by US retailer Target involved the personal information of at least 70 million customers, including names, phone numbers, email and mailing...

10 Tips For Enhancing Insurance Recoveries For Cyber Claims by Joshua Gold

24/08/2014 16:49
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...

UK cyber insurance spend set to boom

23/08/2014 10:01
UK spending on cyber insurance is set to boom over the next five years as businesses try to offset the potentially disastrous effects of data breaches and hacks. Barbican Insurance underwriting...

Five ways - from telematics redundancy to cyber terrorism - that driverless cars will impact insurers by Jonathan Swift

23/08/2014 09:56
Driverless cars are set to be the biggest disruptive innovation of the early 21st century. With this in mind, senior risk manager Rahul Gumber has compiled a white paper offering his own personal...

Cyber crime: Insurers in the firing line by: Stephen Bonner and Jon Dowie

23/08/2014 09:52
As banks become more sophisticated and effective at defending themselves against attack, the focus of much cyber crime is changing. Increasingly, insurance companies are becoming the target. The...

Cyber Insurance: Variety in cyber by Jacquetta Castle

21/08/2014 18:22
With cyber insurance a relatively new market, issues are arising in various areas – many from the non-standard wordings in policies themselves. Perhaps the most talked about British Insurance Law...

Legal Update: Cyber Essentials - a major step forward for insurers by Nick Gibbons

21/08/2014 18:10
Nick Gibbons explains why the government’s recently launched Cyber Essentials Scheme – aimed at improving protection against cyber attacks – is so significant for the insurance industry. The Cyber...

Should you use cyber insurance to mitigate risk? by William Beer

20/08/2014 17:35
While still a relatively immature industry, cyber insurance can reduce the costs of recovering from a breach, and, as Tony Morbin reports, it can also play a role in driving adoption of best...

Community Health Systems says personal data stolen in cyber attack by reuters

20/08/2014 09:38
(Reuters) — U.S. hospital operator Community Health Systems Inc. said on Monday personal data, including patient names and addresses, of about 4.5 million people were stolen by hackers from its...

How to avoid a €100 million data fine in Europe by Jennifer Baker

17/08/2014 17:50
A law approved by the European Parliament on Wednesday (12/3/2014) and aimed at protecting citizens’ privacy comes with sweeping penalties for breaches—up to €100 million (US$139 million) or 5...

US supermarket retail chain Supervalu reports cyber breach by Warwick Ashford

17/08/2014 06:38
Supervalu  is the latest in a string of US retailers to report a breach of its card payment network, but says there is no evidence that cardholder data was stolen. However, in a consumer...

The Biggest PR Mistake in Privacy and Data Security Incidents: An Interview with PR Expert Melanie Thomas

15/08/2014 09:33
It happens all the time. An organization has a privacy incident or data breach. The news stories proliferate. Cries of “shame on you” reverberate across the Internet. A number of organizations have...

Lack of incident response holding back cyber insurance market by Craig Carpenter

14/08/2014 08:45
Cybersecurity needs “virtual sprinkler systems” to help tamp down risk The hottest topic in the insurance world today is cyber risk insurance, or coverage for the response to and fallout from cyber...

Allianz Cyber Protect helps companies defend against rising threat of cyber crime

14/08/2014 08:29
Cyber crime and data breaches cost the global economy about $445 billion annually, and it is estimated that more than 800 million individual records were affected by cyber crime in 2013. In response...

Data Breach + No Insurance + No Legal Counsel = #Loss by Alba Alessandro, Hodgson Russ LLP

13/08/2014 07:39
Welcome to the new age! Data breaches are embedded in our lives – there is no escape. The costs to any company to operate a business without cyber liability insurance and legal counsel are...

Data Breach Insurance: It’s Better to Be Safe than Sorry

12/08/2014 09:20
  Sensitive data can be exposed to anyone. This happens all the time, and affects small and large businesses. Exposure can lead to loss of reputation, which can be very bad for a large...

Seven things every director should know about IT security

11/08/2014 07:34
Guest opinion NICK ABRAHAMS Norton Rose Fulbright’s Nick Abrahams There is something of a Pollyanna approach to information security in boards around Australia at present. Many...

North America Cyber Security Market is Expected to Reach $61.91 billion in 2019 - New Report by MicroMarket Monitor

10/08/2014 23:07
The Cyber Security Solutions and Services report defines and segments the market in North America with analysis and forecast of revenue. The cyber security solutions and services market...
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