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Target takes $162m hit from cyber attack data breach by Dan Worth

28/02/2015 17:42

Target has revealed that the cost of the cyber attack on its systems in 2013 that led to the theft of millions of customers' credit card details has reached $162m. The retailer revealed the figure during its 2014 full-year earnings report, explaining that the amount would have been higher had it...

Cyber-Security In Insurance: 7 Things To Know by Kelly Sheridan

27/02/2015 06:42

Insurers need to boost their security knowledge amidst the growing risk of cyberattacks. Although Sony seemed to dominate the cyber-security headlines of 2014, it was just one of many corporations infiltrated by an increasingly sophisticated and driven pool of hackers. J.P. Morgan Chase, Home...

Social Media Posted: February 14, 2015 Social Media Posts Can Be Covered By Insurance Policies

27/02/2015 06:39

Social media posts have a huge impact on people. In fact, social media is revolutionizing the way humans communicate. On a daily basis, millions of people use social media for personal and business reasons. A countless number of businesses and individuals, including children around the world,...

Alert ."Business Email Compromise" (BEC)

24/02/2015 19:33

Public Service Announcement Prepared by the Internet Crime Complaint Center (IC3) January 22, 2015 Alert Number: I-012215-PSA BUSINESS E-MAIL COMPROMISE The Business E-mail Compromise (BEC) is a sophisticated scam targeting businesses working with foreign...

Privacy Issues in Smart Electrical Grids: Another Internet of Things Problem by Jeremy Meisinger

22/02/2015 08:34

Smart grids – electrical grids that allow two-way communication between utilities and consumers – represent an exciting frontier in the Internet of Things, with ramifications for energy efficiency, weather resiliency and climate change, among others. As the Department of Energy writes,...

Boyden's Erik Matson to Speak at 2015 Cyber Risk Insights Conference in London

21/02/2015 15:18

By a News Reporter-Staff News Editor at Bioterrorism Week -- Erik Matson, a Partner with Boyden global executive search in New York, will address an audience of top insurance and risk management executives on the risks of cyber terrorism and the human capital that can be...

Lawyer who clicked on attachment loses $289K in hacker scam by Debra Cassens Weiss

20/02/2015 06:41

A lawyer who clicked on an email attachment lost $289,000 to hackers who likely installed a virus that recorded his keystrokes. The anonymous lawyer, identified only as John from the San Diego area, told ABC 10 News how it happened. On Feb. 9, John received an email with an address ending...

The opportunities and threats of the Internet of Things by Azita Esmaili

19/02/2015 10:03

You could almost guarantee that all products at CES this year were connected to the internet. At the beginning of the year I was one of the 170,000 delegates who attended the Consumer Electronics Show (CES) event in Las Vegas. With nearly 4,000 exhibitors, products varied from 3D...

With Self-Driving Vehicles on the Forefront, Companies Should Consider Cyber Insurance Coverage Options by Natalie A. Baughman

18/02/2015 13:05

As we move closer to a world of self-driving cars, it is important for companies involved in their manufacture to consider cyber insurance policies to provide coverage for the risks brought by this new technology. Google is currently testing a fully autonomous car in...

'Phishing' scams: 5 things to know by Elise Viebeck

18/02/2015 11:25

Cyberattacks are on the rise, and no method is proving more resilient and effective in the United States than "phishing" scams. Phishing, sometimes called spoofing, is a way to trick someone into giving up valuable personal information by sending a fraudulent email. In the email,...

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