Article archive :: PrivacyRisksAdvisors.com

Cyber risk & aggregation - ‘the elephant in the room’ by Sarah Stephens, Head of Cyber, Technology and Media E&O, JLT Specialty

15/07/2015 13:33

We have reached a point where individuals and institutions are consistently reminded of the threats posed by cybercrime. The high profile breaches suffered by the likes of Target, Home Depot, JPMorgan, Citibank, and Premera Blue Cross lead one to the obvious conclusion that, regardless of size or...

Investors Put $4.6 Billion Into Cybersecurity Startups In The Last Two Years

15/07/2015 12:27

Q2'15 was strong for cybersecurity funding, with $704M invested across 47 deals. It was the highest quarterly funding total since Q2'14. Cybersecurity is increasingly a hot sector for investment, especially as more valuable information goes digital, and corporations continue to suffer high-profile...

4 Insurance Takeaways From Lloyd's Cyberattack Report By Jeff Sistrunk

14/07/2015 09:26

Law360, Los Angeles (July 13, 2015, 8:31 PM ET) -- Insurance market Lloyd's of London recently co-wrote a report predicting that a major cyberattack on the East Coast could trigger $70 billion in insurance claims, highlighting potentially glaring deficiencies in traditional and cyber-specific...

The top 8 coverages businesses look for in cyber policies by Caitlin Bronson

13/07/2015 11:52

More than half of corporate risk managers in the United States are now purchasing stand-alone cyber insurance policies, according to a recent survey of RIMS members. A reported 51% of respondents, representing organizations with more than $1 billion in revenue and a variety of industries, are...

Germany passes strict cyber-security law to protect ‘critical infrastructure’

13/07/2015 11:49

In the wake of ever-increasing cyber-security threats, Germany has passed legislation ordering that over 2,000 essential service providers implement new minimum information security standards or face penalties if they fail to do so within two years. The law passed its final hurdle in the upper...

Insurer gives Internet of Things insight by Lena Woods

07/07/2015 09:14

AIG has released a report detailing the future of the ‘Internet of Things’ (IoT) and the insurance industry is set to play a key role in its development. The rise of IoT, or interconnected devices that use data about us to make our lives easier, was called “the start of another industrial...

New Case Highlights Deep Hole in Cyber Insurance Policies by Dennis Cusack

07/07/2015 09:11

Insurance policies covering data breach liability began appearing roughly ten years ago. We noted then a troublesome provision in some forms that seemed to exclude coverage for the insured’s failure to maintain data security – in other words, the very risk the insured was seeking to insure. We’ll...

Research: Majority of Credit Card Machines Are Easily Hackable

05/07/2015 16:15

Researchers at a private cybersecurity firm have discovered that a vast majority of credit card machines in various stores across the U.S., use the same password, making them easy targets for cybercriminals and hackers looking to steal credit card information. 90% of all credit card readers used at...

JLT and Marsh reveal the biggest cyber trends

30/06/2015 17:38

Two brokers discuss the main developments in cyber risk management and the threats to prepare for New EU data protection regulation “is going to massively change” the cyber risk landscape – JLT The forthcoming EU data protection regulation will significantly change the risk...

Insurers take on hackers by SHERRY SLATER

28/06/2015 23:13

Local companies opting for cyber insurance coverage Some security pros would argue that it’s less a question of whether your company’s confidential files will get hacked than it is a matter of when. If it seems as though no one is safe, 4.2 million active and former federal workers would agree...

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