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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...

WH Official: Cyber Coverage will be a basic Insurance Policy by 2020

10/09/2014 20:38

By 2020, private firms will be buying cybersecurity insurance when they sign up for product liability coverage and other basic policies, a top White House cyber official said Monday. There isn't a market for cyber insurance yet — not for lack of interest, but because of the lack of data on the...

PII as Currency by Sam Pfeifle

09/09/2014 05:46

It’s sort of sickening to indulge in yet more creation of copy in regard to the great celebrity nude photo leak. Surely, just about everything that needs to be said about this 100-car-pileup of a story has been said: It’s a heinous invasion of privacy; it’s not J-Law’s or McKayla Maroney’s or...

Millennials Want a Future Which Includes Privacy by Alexandra Ross

09/09/2014 05:34

You may think of the Millennials as the oversharing generation, but contrary to their unabashed seflies and promiscuous use of social platforms, they’re not entirely comfortable living in a post-privacy world. Compelling insights into this demographic suggest what you think you know about...

Cyber crime costs global economy $445 billion a year: report

08/09/2014 07:06

(Reuters) - Cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking, according to research published on Monday. The report from the Center...

Small businesses face big cyber-risks by Mark Pribish

07/09/2014 21:54

Is your business prepared for the cost, liability and potential business interruption of a data breach? Your business being hit by ID-theft criminals is a frightening thought, but one you should consider. Thousands of small businesses experienced a data breach around the same time as Target was...

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