Article archive :: PrivacyRisksAdvisors.com

10 insurance mistakes to avoid in 2015 by Scott Simmonds, CPCU, ARM

30/11/2014 23:49

At least a few of the 365 days in 2015 will include a calamity or two for your bank. Many will be small. A few might be large. Some that start small might morph into large. Make sure your bank’s insurance is up to the task of protecting your assets from the calamities. Here are some insurance...

Forensics and the Internet of Things: the car of the future will be a data goldmine by Ben Rossi

23/11/2014 11:29

Thanks to great leaps forward in automotive technology, cars that once might have been the stuff of futuristic Hollywood films are now inching towards reality. Driverless cars have recently been given the green light. The UK Department of Transport hopes autonomous vehicles will be ready for trial...

Hackers Don’t Care About the Terms of Your Insurance Policy by J. Andrew Moss and Brian Himmel

22/11/2014 22:25

The Importance of Retroactive Dates and Extended Reporting Periods in Effective Cyberliability Insurance Coverage A recent study reports that the median amount of time between an intrusion into a company’s computer network and the discovery of the incident is 229 days. The difficulty and...

Report Benchmarks Privacy in Fortune 1000 Companies by Judy Selby

22/11/2014 07:48

Total privacy spending across the biggest U.S. companies is predicted to rise to $3B in 2015. Earlier this month, the International Association of Privacy Professionals released its inaugural report of Benchmarking Privacy Management and Investments of the Fortune 1000. The goal of the...

RBS fined £56m for IT breakdown by Jill Treanor

22/11/2014 07:44

6.5 million customers at Royal Bank of Scotland, NatWest and Ulster Bank affected by computer meltdown in June and July 2012 Royal Bank of Scotland has promised that there will be no repeat of the June 2012 IT meltdown that left 6.5 million customers locked out their accounts for days and led to...

5 Tips for Clients to Consider When Buying Cyber Liability by David Lewison

22/11/2014 07:21

There’s been a myriad of articles outlining the benefits of cyber liability insurance following the well-publicized data breaches of Target, P.F. Chang’s, JPMorgan Chase, eBay, Home Depot and hundreds of other organizations. While most people know that cyber liability insurance pays for claims...

How to reduce your risk of a cyber security breach by Lisa Kahn Grossman,

21/11/2014 08:07

According to Chris Collins (R-NY), Chairman of the House Small Business Subcommittee on Health and Technology, nearly 20 percent of cyber attacks are carried out against small businesses with fewer than 250 employees. Yet, small business owners are often lulled into a false sense of...

Does cyber insurance help the CISO get a seat in the boardroom? by Ira Scharf

21/11/2014 07:35

CISOs and cyber security leaders have long struggled to gain a voice in the boardroom. Shut out of leadership meetings and strategic decision-making, IT security has often been seen as little more than a compliance-driven, check-the-box initiative that requires minimal continuous effort to...

Turkish Hackers Say They Deleted $670 Billion In Electricity Bills by John Vibes

21/11/2014 07:22

A Turkish hacking collective claims to have deleted billions in outstanding electric bills, the government claims the group just removed a data backup. (TheAntiMedia) “RedHack”, a Turkish Hacking collective, cracked the code for the state utility company’s database, and deleted roughly $670...

Online Threats Drive Cyber Insurance Need by Suleman Din

19/11/2014 07:41

As the pace of cyberattacks increases, asset managers are taking a hard look at their cyber insurance coverage to make sure that it will cover them should they become a target. Fidelity Investments was among 13 firms attacked by hackers earlier this October. Though Fidelity suffered no data losses,...

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