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Toyota to make networked cars standard in Japan, US

18/10/2015 07:22

NAGOYA -- Internet-connected sensors to monitor performance and alert drivers to component defects soon will become standard in Toyota Motor's U.S. and Japanese models -- the latest and broadest effort by a major automaker to promote networked vehicles. Toyota...

Dow Jones & Co. breached, current and former subscribers contacted

15/10/2015 13:29

Hackers broke into Dow Jones & Co. systems and were able to access information on fewer than 3,500 of the company's current and former subscribers. In a letter sent to customers, company CEO William Lewis, publisher of the Wall Street Journal, also owned by News Corp., said...

Insurance Telematics Data Privacy: More Questions than Answers

15/10/2015 05:48

As auto insurance savings grow, privacy concerns shrink. That, at least, seems to be the trend: Customers who get lower UBI premiums tend to be less concerned about how telematics will affect their privacy. Last September, Robin Harbage of Towers Watson said that customers “are learning UBI...

Cybersecurity Risk: Law and Trends by Shawn Tuma

12/10/2015 16:21

“Boards that choose to ignore, or minimise, the importance of cybersecurity oversight responsibility, do so at their own peril,” said Luis A Aguilar, commissioner at the US Securities and Exchange Commission (SEC), in June 2014. Cybersecurity risk is so pervasive that it is causing an...

Cyber insurance market booms, but insurers struggle to define policies

12/10/2015 15:44

Transferring risk in exchange of a premium makes commercial sense for businesses and organizations. In the cyber insurance market, several insurers provide value-added services such as access to a specialist lawyer, IT forensics experts and crisis management in the event of a data breach. This...

Cyber insurance premiums rocket after high-profile attacks

12/10/2015 15:38

BOSTON (Reuters) - A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived to be a high risk scrambling for cover. On top of rate hikes, insurers are raising...

Cyberinsurance: Buyer Beware: 10 Tips For Upping Recovery Odds From Cyber And D&O Policies by David E. Wood and Joshua Gold

11/10/2015 15:42

While the risks posed by data breaches are by now widely recognized, effective management of the risk is lagging. Statistics indicate that concern about data breaches is up, yet half of all businesses have no plans to dedicate more resources to avert these perils. The purchase of dedicated...

The Morning Download: Amazon Puts Muscle Behind Nascent Internet of Things by Steve Rosenbush

11/10/2015 15:37

Good morning. Amazon.com IncAMZN +1.25%. has jumped into the Internet of Things, which falls into the category of good ideas whose time hasn’t quite come. The company’s Amazon Web Services business introduced a new service called AWS IoT, which will allow developers to link...

Warren Buffett enters the cybersecurity insurance market

08/10/2015 06:39

Insurance giant Warren Buffett is entering one of the most lucrative spaces in the industry. Buffett’s Berkshire Hathaway Specialty Insurance unveiled on Tuesday two new insurance policies providing coverage for cyber liability and breach response, alongside resources for risk management. The...

Retailers Most Vulnerable to Cyber Breaches at Point-of-Sale By Stephanie K. Jones

07/10/2015 13:38

In justifying a reluctance to purchase cyber insurance coverage for data breaches, many retailers insist they don’t store credit card information after a sale. But experts say the headline-generating data breaches at retailers across the country in the past few years — think Target, Neiman Marcus,...

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