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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,...

Over 90% percent of data breaches in first half of 2014 were preventable by Charlie Osborne

13/05/2015 06:50

Summary:The Online Trust Alliance says that a high percentage of data breaches were the result of staff mistakes -- rather than external hacking. Over 90 percent of data breaches in the first half of 2014 could have been prevented if businesses rethought their risk cyberstrategies, according to the...

Data breaches to cost global economy $2 trillion by 2019 by Zack Whittaker

13/05/2015 06:47

Data breaches are set to cost the global economy as much as $2 trillion in the next five years. Over 90 percent of data breaches in first half of 2014 were preventable Read More New research from Juniper says North America, which houses the bulk of the technology...

90% of firms in this industry were hit by a cyber-attack in past 2 years by Benjamin Lane

13/05/2015 06:40

Nearly 90 percent of US healthcare providers have been hit by a data breach since 2013, costing the industry an estimated $6 billion a year, according to the latest data from the Ponemon Institute. Perhaps even more troubling is the fact that half of these breaches are believed to be criminal in...

Cyber Insurance Offers More Than Just Protection Against External Cyber Attacks by Travis Wall

12/05/2015 14:24

Massive data breaches have become so prevalent that they are no longer big news. The cyber attacks that do grab headlines typically involve banks or large retailers, in which tens or hundreds of millions of records may have been stolen. Related: 5 Tips to Protect Your Business From...

How to Teach Your Employees to Recognize Hacker Scams by Art Gross

07/05/2015 12:55

Cyber criminals are on the prowl for business data. Every company, no matter the size, has valuable data that's as enticing as cracking a safe--but with far less risk, because cyber attackers are virtually untraceable. Here's how your employees can learn to recognize hacker...

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