Article archive

Checking your vendors’ cyber-security practices by Jennifer Cummings

07/06/2015 21:23
A weak link in many financial advisers’ cybersecurity plans is the outside companies that help run their businesses, such as payroll companies and computer-repair firms. Advisers want to focus on delivering great service to customers, so vendors' cybersecurity practices are often not top of mind,...

Rise in UK Cybersecurity Incidents as Average Costs Soar by Mike Hine

04/06/2015 15:41
Almost three-quarters of small UK businesses, and 90% of large organizations, have experienced a security breach, roughly a 10% increase for both compared with the same time last year. This is one of the key findings from the 2015 Information Security Breaches Survey, commissioned by HM...

Our cars are becoming another device on the Internet of Things EDT Writer Adam Wernick Producer Alexa Lim

03/06/2015 23:00
In case you haven't noticed, cars are gradually transforming into computers on wheels. All the things we love about our devices have become more and more integrated into our driving experience: music streaming, Bluetooth connectivity, navigation, voice-recognition, performance metrics — the list...

Cyber insurance set to become the norm by 2025

01/06/2015 06:31
Category Data SecurityArticle date 30 May 2015 Cyber insurance is set to become an essential for many businesses over the next ten years, it has been forecast. Research unveiled by the Association of British Insurers (ABI) found that with many firms are vulnerable to cyber security...

Internet of hackable things: wired world wide open to new age of cyber crime by Mark White

24/05/2015 10:56
It sounds like the stuff of sci-fi nightmares – a stranger hacking your baby cam and shouting abuse at your toddler. Someone controlling your home's lights and power points via a system that should only respond to your smartphone. Criminals watching you and your family from your smart TV without...

Think You Don’t Need Cyber Insurance? Think Again! by Monica Bay

23/05/2015 06:16
Think you don’t need cyber insurance? Think again. Big Law is a big target for cyber thieves, experts warn. For starters, law firms are viewed by criminals as low-hanging fruit — because firms are perceived as having “relatively lax security as compared with their sophisticated corporate clients,”...

Insurance Requirements When Buying a Smart Car by Barry Rabkin

20/05/2015 22:31
Let's jump ahead to a time when increasingly more people decide to buy a smart car. If I was the buyer there are certain insurance coverages I would want to buy and certain insurance coverages I would expect someone else (i.e. vehicle manufacturer, software developer, telecommunications provider,...

Majority of companies significantly under-insured for cyber risk by Caitlin Bronson

15/05/2015 04:48
About 80% of companies are likely to suffer a data breach within 12 months, and while most of the associated costs will total less than $1 million, there’s a 5% chance the breach will cost the company $20 million or more. Despite these frightening statistics, however, the vast majority of...

Starbucks data breach shows the real damage of a breach by Art Gross

15/05/2015 04:43
Starbucks has a big problem. Don’t worry, they will still sell you their $5 cup of coffee. The problem they are dealing with is the repercussions of a data breach. The breach is connected with Starbucks’ mobile app. The Starbucks’ mobile app makes it incredible easy to buy a cup of coffee....

Your Cyber Insurance Questions Answered By Sarah Ludwig

14/05/2015 15:53
Although cyber insurance has been around for a few years now, since it is still a fairly new concept and the industry is expected to grow exponentially in the near future, companies may have questions. Lynda A. Bennett, Chair of Insurance Coverage Practice at the law firm of Lowenstein Sandler,...
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