Article archive

The other cyber shoe has dropped – What does that mean for your Insurance Program ? by Scott N. Godes

09/12/2014 20:38
Just when you thought that it could not get worse for companies in the context of cybersecurity and privacy issues…it does. The end of 2014 has been brutal. Perhaps most significant, a court allowed banks to proceed against a retailer to pursue damages allegedly flowing from a cyberattack and data...

How stolen credit card data is used by Scott Aurnou

09/12/2014 05:22
  Hint: Emails recruiting you for "mystery shopper" and "work at home" opportunities are likely trying to involve you in the scams. Reports of high-profile data breaches have been hard to miss over the past year. Most recently, it was a breach involving 56 million customers’ personal...

Car makers commit to privacy for connected cars by Giulio Coraggio

07/12/2014 01:06
19 makers of cars and trucks sold in the US committed to preserve the privacy of their customers in the view of the massive amount of personal data that are going to be processed through connected cars.  I have already reviewed privacy issues affecting connected cars in this post and...

Lessons from Target Class Action Ruling by Judy Selby

07/12/2014 00:58
In addition to the consumer lawsuits arising out of last year's massive data breach, Target faces a potentially more problematic lawsuit brought by financial institutions that issued credit and debit cards affected by the breach. Those card issuers claim to be out of pocket billions of dollars in...

The Hidden Strategic Advantage in Cyber Insurance By James McFarlin

06/12/2014 17:11
"Organizations with cyber insurance benefit from a greater peace of mind as well as the opportunity for more effective cybersecurity practices and operational resiliency" Maintaining security and integrity across an organization’s cyber networks is a complex, collaborative initiative impacting all...

Treasury Department Says Banks Need Cyber Risk Insurance by Filed Under

06/12/2014 12:32
Amid a plethora of cyber infiltrations, data breaches and hacking threats, one United States Treasury Department official is urging financial institutions to adopt cyber risk insurance in order to deal with these potentially catastrophic risks. Speaking at an industry...

Data Loss, Downtime Cost Businesses $1.7 Trillion By Nathan Eddy

06/12/2014 12:29
  Business trends, such as big data, mobile and hybrid cloud, are creating challenges for data protection, according to the EMC survey. Data loss and downtime cost enterprises $1.7 trillion in the last 12 months, according to the findings of a global data protection study sponsored by EMC...

NetDiligence® Publishes Fourth Annual Study of Actual Payouts on Cyber Claims and Data Breaches

04/12/2014 06:01
PHILADELPHIA, Dec. 3, 2014 /PRNewswire/ -- NetDiligence®, a leading cyber risk assessment and data breach services company, announced today it has published its fourth annual Cyber Claims Study, a study of actual losses for covered data breaches paid out by various leading cyber...

Cyber espionage ring stole corporate secrets

03/12/2014 22:04
  Security researchers say they have uncovered a cyber espionage ring focused on stealing corporate secrets for the purpose of gaming the stock market, in an operation that has compromised sensitive data about dozens of publicly held companies. Cybersecurity firm FireEye, which disclosed...

Recent hacking involving Sony Pictures Entertainment shows need for business interruption cover in cyber insurance: CFC Underwriting

02/12/2014 07:10
Last week's hacking incident involving Sony Pictures Entertainment highlights the importance of having cyber insurance that includes business interruption cover and demonstrates the negative effect of not being able to access tech systems even for a short period, suggests CFC Underwriting. The...
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