Article archive

Cyber is no longer just about data breaches

11/02/2015 14:38
Cyber risk is no longer just about data breaches and must be addressed as a global concern. That is the opinion of Graeme Newman, director, CFC Underwriting, speaking at the Cyber Risk Insurance Insights Conference in London today. Last year saw $350 million headline losses by cyber alone, with...

Marketers, Please Tell Me You've Got a Better Plan for Privacy by Sam Pfeifle

08/02/2015 12:07
Consumers Don't Need to 'Stop Whining About Privacy.' They Need More Transparency. As someone interacting with privacy professionals on a daily basis, I was struck by this recent column in Ad Age. It seems designed to provoke a reaction from those in the privacy community, particularly...

3 Ways Cyber Insurance Will Improve Security Performance by Ira Scharf

07/02/2015 16:23
Cyber insurance saw record growth in 2014. In fact, Advisen’s buyer penetration index showed a five-fold increase in cyber insurance purchases from 2006 to 2013, demonstrating that many organizations have recognized the value in outsourcing corporate cyber risk. Naysayers, however, warn that this...

The cyber insurance cleanup crew: A look inside a data breach response team by David Weldon

07/02/2015 16:15
Later this month, Katherine Keefe expects to mark a very significant--and troubling--milestone. Her data breach response team at Beazley Insurance expects to investigate its 2,000th data breach. "We'll be handling our 2,000th breach probably at the end of February if the numbers continue...

European cyber market developing with different focus than U.S. by Erin Ayers

06/02/2015 14:10
The European cyber insurance market has developed at a slower pace and has not taken off in the way that the U.S. scene has due to a different cultural view toward data privacy and liability, but that could soon change depending on regulatory shifts and more awareness of the cyber threats that...

Is 2015 the Year for Cyber? by Andrea Wells

05/02/2015 07:18
For several years the insurance industry has talked about a pending surge in cyber insurance sales. And while cyber insurance appears to be trending up some say that “surge” has yet to come. That may not be the case for the year 2015, according to property/casualty insurance executives. According...

Payment card industry is shifting liability to merchants

04/02/2015 10:38
Businesses large and small that accept credit cards in the United States are facing a harsh reality when it comes to fraud liability. In October 2015, most all major credit card companies will shift liability for data breaches and fraudulent purchasing onto businesses that have failed to adopt...

Most organisations are still unprepared for new EU data and security laws – report by Ben Rossi

02/02/2015 12:32
Survey shows that most businesses are not fully compliant and feel guidelines to achieve compliance are unclear. ‘One-third of organisations in France, Germany and UK do not fully understand the impact of the new EU data and security legislation’ . Many organisations in Europe are still unprepared...

Better Safe Than Sorry: How Startups are Staying Protected in Cyberspace by Jason Ankeny

02/02/2015 07:40
Even business intelligence firms can learn a thing or two about doing business in the digital era. Just ask Bowman & Partners, a Roanoke, Texas-based startup that mines a wealth of brand and consumer data to create customer management strategies and marketing initiatives for clients that...

BMW cars found vulnerable in Connected Drive hack by Martyn Williams

31/01/2015 06:09
An attacker could mimic a BMW server and remotely unlock a car. A security vulnerability in BMW's Connected Drive system allowed researchers to imitate BMW servers and send remote unlocking instructions to vehicles. The problem was discovered by the Allgemeiner Deutscher Automobil-Club(ADAC),...
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