Article archive

Data breach exposes about 4 million Time Warner customer records

11/09/2017 09:54
Time Warner Cable, now known as Spectrum, became the latest company to realize exactly how vulnerable its data is when a third-party vendor entrusted with its safety made an error exposing millions of records. Kromtech Security Center researchers discovered late last week that about four million...

Alleged Equifax hackers demand $2.6 million Bitcoin ransom — or else...

11/09/2017 09:52
By now you know that credit reporting agency Equifax was hacked, and with it, potentially 143 million Americans social security numbers, birth dates, and then some. Unless, according to the criminals who supposedly hacked them, Equifax pays up.  That's according to an onion site,...

Equifax's Insurance Is Likely Inadequate for Breach

11/09/2017 09:46
Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the coverage. The company holds a policy that would probably cover about $100 million to $150 million,...

GDPR: will it be the global standard for data protection?

07/09/2017 09:08
The EU’s landmark General Data Protection Regulation (GDPR) has the potential to set a new gold standard for data protection – considerably improving protections for consumers in the EU and internationally. With only 10 months to go before the GDPR comes into force, our advocacy experts consider...

Survey shows confidence in cyber insurance

01/09/2017 09:28
In the wake of WannaCry and other ransomware attacks, risk professionals view cyber extortion as the leading first-party exposure for their organisation. That is one of the findings of the 2017 Rims Cyber Survey, which also showed that there is continuing confidence in stand-alone cyber insurance...

83% of polled organizations had standalone cyber insurance policies: 2017 RIMS Cyber Survey

25/08/2017 15:29
Organizations with standalone cyber insurance policies increased three points from 2016 to 83%, according to the 2017 RIMS Cyber Survey. “Risk professionals’ continued to show confidence in standalone cyber insurance policies as the number of practitioners who purchased the coverage increased...

How high profile hacks are impacting insurance

23/08/2017 11:44
The impacts of high profile cybercrime incidents like WannaCry and Petya continue to ripple through the insurance industry and the wider economy. Not only have these massive hacks prompted an increased demand for cyber policies, they’ve also created apprehension among underwriters who attribute the...

Download the Report: Data Protection Risks & Regulations in the Global Economy

21/08/2017 15:42
Experian Data Breach Resolution and Ponemon Institute Find Organizations Are Not Ready for Global Security Risks and Regulations Only 9 percent of companies are prepared for the Global Data Protection Regulation (GDPR) half don’t know where to begin The study, Data Protection Risks &...

How insurance brokers remain relevant in the 21st century

09/08/2017 08:06
The workforce of the 21st century is priming itself for an automated future, and the consequences that follow: a shift toward strategic collaboration with intelligent software that will deeply impact insurance brokers. To stay relevant, they must be able to survive — and thrive — in...

Beazley: Ransomware attacks steal headlines, but accidental data breaches remain a major cause of loss

02/08/2017 07:42
Beazley, a pioneer in cyber and data breach response insurance, today released its Beazley Breach Insights findings based on its client data in the first six months of 2017. Ransomware attacks continued their rise in the first half of 2017, up by 50% over the first half of 2016. Hacking...
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