Article archive

Experts warn cyber risks could swamp the market by Ida Axling

04/09/2015 07:48
DAC Beachcroft says need for standalone cyber cover could be reinforced. Law firm DAC Beachcroft predicts that changes in regulation will boost cyber insurance policies in 2016.    In its publication Insurance Market Conditions and Trends 2015/16, the company said it expected the...

Law Firms, Data Breaches, and Insurance Coverage: A Curious Trifecta by Mark A. Cohen,

03/09/2015 10:55
Editor’s Note: The author of this post is the founder and CEO of Legal Mosaic, a strategic consulting firm and a regular contributor to Big Law Business. Cybersecurity breaches have become as common as summer sunburns. Cyber attacks have been successfully launched against the Federal...

Free Live Webinar: The Risks and Rewards of Cyber Coverage

02/09/2015 07:34
Understanding the changing Canadian cyber market and how to make it work to your advantage Canadian Underwriter Magazine and IDT911 have partnered to offer a webinar on cyber risk. The Canadian cyber market has changed drastically in the past few years, leaving insurance carriers and brokers...

Phishing is a $3.7-million annual cost for average large company by Maria Korolov

27/08/2015 12:19
The average 10,000-employee company spends $3.7 million a year dealing with phishing attacks The average 10,000-employee company spends $3.7 million a year dealing with phishing attacks, according to a new report from the Ponemon Institute. The report, which surveyed 377 IT professionals in...

The Internet of Things: The Impact on the Travel and Hotel Industry

27/08/2015 10:19
The Internet of Things: The Impact on the Travel and Hotel Industry   The Internet of Things (IoT) is a relatively large topic that is widely circulating around these days, but I think it is very important to point out its practical implementations....

Why privacy concerns will hinder trust in the Internet of Things by Ben Ross

27/08/2015 10:14
While the main goal the Internet of Things is to make our lives more efficient and cost-effective, where is the real opportunity – and more importantly, what are the dangers?   The Internet of Things (IoT) means that things that can sense our world have gained a voice and a utility. We now...

Progressive Loses Appeal in Telematics Patent Suit to Liberty Mutual by Chris McMahon

26/08/2015 12:02
[Updated @ 12:23 pm with quotes from Progressive and industry experts] Liberty Mutual has prevailed over Progressive Insurance in the U.S. Court of Appeals for the Federal Circuit. At issue was the validity of five Progressive patents related to online customer experience, insurance telematics and...

Why are manufacturers so prone to cyber attacks?

24/08/2015 15:24
Verizon’s 2015 Data Breach Investigations Report (DBIR) has found that four out of five security incidents in the manufacturing sector involved denial of service (DoS) attacks, cyber-espionage and crimeware.  Such attacks have the potential to bring down critical systems while bringing...

Five myths of industrial control system security by David Emm

23/08/2015 19:29
Despite growing awareness of cyber-based attacks on industrial control systems, many IT security models continue to adhere to the outdated belief that physically isolating systems and 'security by obscurity' is enough, says David Emm. David Emm, principal security researcher, global research...

Cyber threats could put lives at risk, Q2 2015 report explores

21/08/2015 21:48
Trend Micro's Q2 2015 threat report hit on several issues in the security space, including those that pose an actual physical threat to the public, a string of powerful attacks on government entities and an increase in attacks by lone wolf operators. The report credited hackers with...
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