News

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...

Cyber Insurance is lacking by S Vangus

10/08/2014 22:55
CYBER SECURITY IS GAINING MORE ATTENTION, BUT INSURANCE COVERAGE IS FAILING TO MEET COMPANIES’ NEEDS Cyber security is becoming a major issue and the growing prevalence of malicious attacks...

Best Practices for Companies Recovering from a Data Breach Posted by Michael Bruemmer

08/08/2014 22:45
You already know a data breach is bad news for everyone, consumers and the breached business alike. But you might be shocked to learn just how severe the reputational impact can be for businesses. In...

Best practices for reducing the cost of a data breach by Michael Bruemmer

08/08/2014 22:19
There are two cost elements to consider when it comes to data breaches: the upfront investment to prevent a data breach including technologies, staff time, and other resources and post-breach...

Russian Credentials Breach: Threat of the Week by Robert McGarvey

08/08/2014 08:10
A Russian gang stole an estimated 1.2 billion username/password combinations and, along the way, the criminals also amassed more than 500 million email addresses. What does the theft mean to credit...

The Target Breach, By the Numbers

07/08/2014 21:46
News that Target’s CEO Gregg Steinhafle is stepping down has prompted a flurry of reports from media outlets trying to recap events since the company announced a data breach on Dec. 19,...

Target Puts Data Breach Costs at $148 Million, and Forecasts Profit Drop by Rachel Abrams

07/08/2014 21:40
Target, still feeling the pain from a huge data breach last year, said in a security filing on Tuesday that costs associated with the episode reached $148 million in the second quarter. The company...
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