Article archive

Hack attacks spur calls for cyber insurance by Julian Hutemm

07/09/2014 21:41
Lawmakers have been unable to pass legislation to deal with the stream of hacks at major stores and websites, but the government may be able to do some good by helping out the insurance market. Analysts and brokers say the federal government should do more to help bolster the market for...

Dell CMO: Customer data 'the single most important asset that we have' by Caroline Fairchild

05/09/2014 21:47
  Just yesterday, the United Parcel Service  UPS 0.41%  became the latest company to fall victim to a customer data breach. The hack only affected customers at 1% of its U.S. locations, but the company was relatively lucky—other companies have suffered far...

Car hacking – are one-third of thefts ‘electronic hacks’? by Rob Waugh

05/09/2014 20:46
The UK government is to work with car manufacturers to prevent hackers using electronic means to break into increasingly hi-tech vehicles in Britain, after a spate of ‘car hacking’ in London, Computer World reports. In a speech to independent think tank Reform, Home Secretary Theresa May said...

Why cyber-risk insurance is rising rapidly in Ireland by Scott Diamont

05/09/2014 07:10
Cyber crime has almost doubled in recent years, according to a new survey Cyber risk in its various forms is one of the growth areas for the insurance industry. It's no big mystery as to why. Every day, we see news headlines about data breaches, cyber security issues and privacy debates. Whether...

Cyber Liability Insurance Demand Expected to Outstrip Supply by Beth Bacheldor

05/09/2014 06:56
Insurers lack data, tools to price new policies with confidence, according to Novarica report. Corporate interest in cyber liability insurance continues to gain momentum, and could strain an already limited supply of policies, according to a new executive brief published this week by market...

Data Protection – Entering The ‘Post-Regulatory’ Age by Stewart Room

04/09/2014 06:57
The status of the proposed EU General Data Protection Regulation is still up in the air at the moment, but there is a greater sense of optimism around that the reform agenda will complete fairly soon, i.e., in the medium term, say by the end of 2015. The European Parliament elections depressed...

Buying Cyber-Insurance: 5 Tips by Jeffrey Roman,

03/09/2014 05:03
As more organizations consider cyber-insurance coverage in light of high-profile data breaches, such as those at JPMorgan Chase,Community Health Systems, Supervalu and Target, it's important that they weigh certain factors to make sure a policy fits their specific...

DEBATE: Insuring against regulatory penalties

01/09/2014 21:08
Pro: Sarah Stephens, head of cyber & commercial E&O at Aon Risk Solutions EMEA  Insurance can and should cover non-criminal privacy-related regulator fines. Most insurers will write into their policies that regulatory fines are covered “to the extent insurable under applicable law.” We...

Banks lose $US23 million on average from cybercrime by Paresh Dave

01/09/2014 07:12
As the FBI and US Secret Service investigated the scope of recent cyber attacks on US financial institutions, America's largest banks said Thursday that they hadn't seen any unusual fraud activity from their customers' accounts. Officials at JPMorgan Chase & Co, Bank of America. and Citibank...

Will the internet eat your brain?

31/08/2014 07:42
Mind Change: How Digital Technologies are Leaving their Mark on our Brains. By Susan Greenfield. Rider; 368 pages; £20. Buy from Amazon.com, Amazon.co.uk   A PICTURE doing the rounds on social media a few months ago showed two Hong Kong lovers hugging on a train. Resting...
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