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...
(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...
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...
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...
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...
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...
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...
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...
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...
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...
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 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...
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...
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...
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...
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, 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...
A local restaurant chain confirmed Friday that its computer systems were breached, putting the credit-card information of thousands of customers at risk, including visitors who attended two major...
It is possible that your current restaurant insurance coverage has not kept pace with the rapidly evolving world of cyber liability. Cyber liability for restaurants is an area of risk that restaurant...
Security awareness among your employees is your first line of defense against a data breach. Protect your business by following these 8 tips.
Imagine if every IT security manager had the budget,...