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10 Tips For Enhancing Insurance Recoveries For Cyber Claims by Joshua Gold

23/09/2014 06:41
The Massive & Ever-Increasing Risk 2014 has seen one massive data breach after another, affecting industries and organizations of every type. One recent report indicated an Eastern European cyber-crime gang by itself has hacked 1.2 billion username and password combinations. Another report...

Retail Data Breaches Rock The Cyber Insurance Market

21/09/2014 19:52
Retail giant Target got an unusual amount of air time over the holiday season last year. Unfortunately for them, it was not due to their engaging commercials. Their positive consumer appeal was damaged by a massive security breach that stole payment card and customer sensitive personal information...

Beazley announces findings from analysis of 1,500 data breaches

18/09/2014 19:30
Employee errors at the root of most data breaches, but breaches caused by malware or spyware prove more costly   San Francisco, 18 September 2014 Beazley, the pioneer in breach response insurance, today announced findings from an analysis of more than 1,500 data breaches at the International...

After the data breach: Now what? by Patricia Harman

18/09/2014 19:23
Data breach – those two words stir fear in most people. According to Privacy Rights Clearinghouse, more than 864 million personal records have been breached in the U.S. since 2005. With approximately 40% of the people in the world online, the number of breaches will only increase. So it’s...

AIG offers SME protection against "hacktivists" with new cyber product by Caitlin Morrison

17/09/2014 07:52
AIG has launched a cyber product for SMEs in conjunction with broker Sutcliffe & Co and IASME Consortium to support the government’s Cyber Essentials Scheme. The scheme is aimed at encouraging all businesses to build cyber security into their companies by focusing on five critical security...

48% of eCommerce Sites Lose Financial Data to Cyber Criminals by Dan Virgillito

14/09/2014 09:46
When talking about stolen financial information through the web, discussions often focus on banks, insurance companies, and other financial institutions. But new research from Kaspersky Lab reveals that the biggest sources of stolen financial data also includes eCommerce retail...

Home Depot has $105M in cyber insurance for data breach, $10M from AIG: Sources by Judy Greenwald

13/09/2014 16:17
Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured retention, market sources say. Above the AIG layer is $10 million each from two Zurich Insurance Group...

What Can Insurers Learn from Home Depot? by Pat Speer

13/09/2014 00:25
The fallout from Home Depot's now confirmed data breach of its payment systems runs wide and deep. After a week-long open speculation by the media, the nation’s largest home improvement company confirmed that it’s investigating a data breach of payment transactions as of April 2014 (the last five...

To Insure Or Not To Insure: Is Cyber Insurance Worth The Cost? By Christine Kern

12/09/2014 21:32
Cyber insurance is becoming more of an issue for businesses, especially those that deal in very valuable consumer information. This type of insurance coverage can provide a safety net for businesses that are targeted by cyberattacks. The problem, however, is that the insurance industry is still not...

A fast-growing threat to small business: Hackers by Jonathan Berr

10/09/2014 20:44
The cyberthreat against small businesses is mounting as attacks soar. And it's not just large retailers, like Home Depot and Target, getting hacked. Just ask Kevin Stecko, the owner of specialty T-shirt maker 80sTees.com. In January he was notified by Discover that cardholders using his site...
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