Article archive

Data Compromise-A Merchant Guide by TRI Staff

21/08/2015 15:04
What is a card data compromise?  A card data compromise occurs when payment card information is stolen from a merchant. Some examples of card data theft include: Theft of card data from merchant receipt copies or merchant transaction information (i.e. printed batch...

What Insurance Should Cover Target’s Visa Settlement? by Scott N. Godes

21/08/2015 14:48
Two years later, and the Target data breach continues to make headlines. Does anyone need to be reminded that Target suffered a data breach in 2013? Seeing that the breach continues to be litigated and settlements continue to be announced with payment card brands, it is difficult to forget the...

INTERNET OF THINGS AND INSURANCE

20/08/2015 15:34
Connected car, home and health technologies could substantially change insurers' value proposition. 60% of European top insurers have launched connected car solutions, but almost none has entered the connected home or health universe. This is one of the results of our study on the Internet of...

DRONES TAKE FLIGHT: KEY ISSUES FOR INSURANCE Lloyd’s new report

20/08/2015 14:21
Lloyd’s new report - Drones Take Flight: Key issues for insurance - looks at the challenges around the development of insurance solutions for drones. Drones take flight: Key issues for insurance (291.91 KB, pdf) The drones sector is expanding rapidly with global expenditure on the emerging...

Cyber-risk and insurance

19/08/2015 21:35
Cyber-risk is now firmly established as one of the most serious global risks. Last year saw an unprecedented number of high-profile cyber-attacks, while in January 2015 US health insurer Anthem reported suffering a massive data breach estimated to have affected around 80 million customers and...

Cyber insurance is only for retailers, right? Blog BT Policyholder Protection Blog

19/08/2015 21:29
News about cybersecurity and cyberattacks has changed. It seems that cyber criminals have broadened their focus beyond just data breaches involving personally identifiable information (PII) or protected health information (PHI). Now, a significant percentage of companies worldwide reportedly are...

Cyber attacks: is your bank insured? Kilpatrick Townsend & Stockton LLP

19/08/2015 21:26
State and federal banking regulators’ recent focus on cyber security and cyber insurance underscores the importance of procuring cyber insurance, both as a risk management tool and for purposes of demonstrating regulatory compliance. As such, it is imperative that financial institutions review...

The limits of insurance in managing hotel cyberrisk

15/08/2015 17:47
It doesn’t require too great a leap to imagine a scenario where hackers infect computers in electricity generator control rooms with malware, causing a number of states across the United States to lose power and affecting millions of people and numerous businesses. That’s precisely what Lloyd’s...

Marsh: Insurance in the fickle world of cyber security

13/08/2015 15:16
UK companies continue to face significant risks from cyber related crime and effects. In a bid to increase clarity on the kinds of risk, their insurability and the perspective of the industry, Marsh has worked together with the UK Government and insurance companies to create a picture of the...

'Inevitable' that insurance companies will lose personal data to cyber attacks, claims report By Graeme Burton

13/08/2015 14:16
Insurers across the UK and North America fear a cyber attack that could compromise the increasing volumes of personal data that they are keeping and processing in the cloud. Indeed, security has become one of insurers' biggest concerns, according to a report by consultants PwC. "The chief concern...
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