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5 Reasons You Should Have Cyber Liability Insurance by Minda Zetlin

18/04/2015 07:10

It's not just for big companies. Cyber insurance can make the difference between staying in business or shutting your doors after an attack. Imagine for a moment that your company has come under attack by a skilled hacker. The hacker has accessed your customers' names and contact information--and...

4 Tips to Sell Cyber to Small and Midsized Businesses by Lisa Doherty, Todd Cusano

17/04/2015 20:36

Cyber liability insurance is growing by leaps and bounds—as fast as EPLI by some comparisons but in a fraction of the time. According to online information security provider Symantec, businesses of all size were a potential target for attackers in 2012. The largest growth area for targeted...

Cyber coverage – how do you sell it? by Donald Horne

17/04/2015 19:42

With the decline in revenues from auto insurance, brokers are looking for new revenue streams. Cyber has been hailed as the hot product for 2015, but brokers are asking one simple question: how do you sell it? “There’s not a whole lot of training out there or anyone who is willing to come in...

Hackers aren’t “geniuses:” The real reasons behind most cyber attacks by Caitlin Bronson

17/04/2015 19:29

Recent data breaches like those involving Target, Sony and Anthem have received attention for the size, scale and sophistication behind the attacks. Hackers were portrayed as well-moneyed operatives with a great degree of skill and stealth – yet in the majority of cases, hackers succeed due to...

Target settles with MasterCard for $19M in breach

17/04/2015 19:19

April 16--Target Corp. has reached a $19 million settlement with MasterCard that is a big step toward resolving pending claims from banks and credit unions over losses from the retailer's massive 2013 data breach. Card-issuing institutions spent millions to replace cards and cover fraudulent...

Cyber insurance: An emerging market with growth opportunities by Tom Allen

16/04/2015 07:13

Data protection insurance—more often referred to generically as cyber insurance—is responding to some of the most pressing and complex threats faced by organizations. While the landscape continues to evolve in this emerging market there are opportunities for those that adhere to the fundamental...

User mistakes aid most cyber attacks, studies show

16/04/2015 07:10

(Reuters) — When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack. If hackers are portrayed as well-funded geniuses, victims look less vulnerable, security firms can flog their products and services, and government...

Companies see personal data breach as biggest threat by Elise Viebeck

12/04/2015 19:49

The exposure of personal information is the most frightening cybersecurity threat to private companies, according to a survey released this week. Executives and corporate counsel in 15 industrial sectors said they are most concerned about a personal data breach (63 percent),...

Cyber-liability insurance: Understanding what you have and what you may need by Andrew Lustigman & Jeremy M. King

10/04/2015 20:10

Cyber-liability coverage cannot be addressed in a one-size-fits-all fashion In the growing technologically interdependent marketplace, any company that stores either its own data or data from customers and business partners in an electronic format is at risk of data breach liability arising from...

Why is there a lack of capacity in the cyber market? by Jack Elliott-Frey

09/04/2015 18:48

At the moment, we would agree with AIG CEO Peter Hancock’s recent statement that cyber capacity is still lacking, due to the fact that there is a serious lack of concern across the majority of businesses when it comes to the threat posed by cyber. As a broker operating across the US, Europe and...

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