The introduction of cyberinsurance is tempered by the same legacy procedures that have defined insurance since long before cybersecurity existed.
It's a generally accepted truth that change is...
When it comes to cyber security, most CEOs don’t get it. That was the conclusion of a recent survey of IT security professionals on the state of their companies’ defenses against...
Attorney General Eric T. Schneiderman issued a new report examining the growing number, complexity, and costs of data breaches in the New York State.
The report reveals that the number of reported...
Insurance firms need more tools to better gauge risk and appropriately cover businesses for damages sustained during cyber-attacks.
While cyber-insurance could significantly help companies...
We’ve come a long way in the last 20 years. In the mid nineties we were just discovering this wonderful new thing called the internet and the joys of waiting for a dial-up connection to AOL. Now,...
Premiums expected to pass $2bn this year as cyber attacks on businesses increase
The world’s leading insurance market has reported a sharp increase in companies seeking insurance cover from...
With DDoS attacks surging and no signs of slowing down, all organizations should be concerned with these types of attacks, and should prepare a mitigation plan before such an attack strikes...
Companies are primarily focused on protections, when instead they should be considering what to do after the systems are breached.
Do you know your enemy? Are you fighting the wrong war? Despite...
Earlier this year, New York City-based staffing agency Clarity bought cyber-insurance for the first time. This spring it added more coverage.
"We were actually hearing about...
Digital information is fundamental to businesses; it’s at the core of what they do and allows them to operate effectively.
Without this digital information, businesses would not be able to foster a...
Insurers have yet to develop an evidence-based method to assess a company's cyber risk profile. This has resulted in high premiums, low coverage, and broad exclusions.
Cyber insurance is one...
A group called Rex Mundi is threatening to release stolen customer account information unless it gets $41,000.
By Dylan Love, Business Insider
A hacker group called Rex Mundi...
Do you still shop at Target? There’s been controversy over how much of an impact the massive breach of 40 million credit and debit card numbers in late 2013 had on the company’s shareholders...
Experts argue the need for response over detection - with a large side order of insurance to counter the Open SSL insecurity issue.
Open SSL insecurity - can cyber insurance fill the gaps?
The...
The recent data breach by Target, the second largest in retail history, offers some very important lessons in how to do and hownot to do crisis communication.
Let’s review the message...
Business insurance is a boring but necessary element to any business. Yet knowing there have been more than half a billion data breaches in the past nine years, business owners may want to take...
The Ponemon Institute has released its 2014 Cost of Data Breach Study: Global Analysis. The Ponemon 2014 study, (additional registration is required), offers fascinating...
When a data breach occurs and millions of users’ information is compromised, someone has to take the blame for it.
Target Corp. CEO Gregg Steinhafel on Monday resigned from his...
The following is a roundup of healthcare data breaches reported in the last 30 days, beginning with the most recent:
1. Laptops Stolen from New York Podiatrist's Office Contained 6,475...
Back to the Beginning: Moving Beyond Breaches
There’s a saying in the cybersecurity industry that there are two types of businesses today: Those that have been breached and know it and those that...