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Cyber Threats Are Greater Than Ever by Christopher Eutaw,

30/08/2014 21:53

Cyber security is hardly a new concept. After all, Symantec Corp.(SYMC ) has been selling its flagship Norton antivirus software for over two decades now. But more recently, cyber security has become a huge concern for major corporations, as well as the Department of Defense. In...

Cyber's Surprising Importance for M&A by Judy Selby

30/08/2014 17:36

Many corporate deals can unwittingly void important cyber coverage. So, it needs to be considered early in any possible deals. Although many people think of cyber insurance when confronted with a data breach, cyber insurance may not be quite so top of mind in the context of corporate mergers...

How a hacker could cause chaos on city streets by Antone Gonsalves

30/08/2014 10:16

Traffic is chaotic enough in major cities, but imagine how much worse it would be if a criminal hacker got control of the traffic lights. That Hollywood scenario is what researchers at the University of Michigan proved could happen given the security flaws in today's traffic...

JPMorgan probes possible cyber attack; other banks reportedly hit by Reuters

29/08/2014 17:14

(Reuters) — JPMorgan Chase & Co. is investigating a possible cyber attack and working with law enforcement authorities to determine the scope, a company spokeswoman said on Thursday morning. The bank was taking additional steps to safeguard sensitive or confidential information, though it did...

CYBER SECURITY IS BECOMING A PRIORITY AS NEW VULNERABILITIES ARE REVEALED AND DIGITAL ATTACKS BECOME MORE COMMON

29/08/2014 17:08

Cyber security is gaining more serious attention , especially as new OpenSSL vulnerabilities are announced. Two new vulnerabilities were revealed recently, both of which allow malicious groups or individuals to exploit information stored on an insecure computer or mobile device. Cyber...

Cybercrime and eRetail – Marriage made in eHeaven? by Rob Livingstone

26/08/2014 22:00

The recent hack and subsequent data loss by US retailer Target involved the personal information of at least 70 million customers, including names, phone numbers, email and mailing addresses. It follows the loss of an estimated 2.9 million customers’ details in the Adobe...

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

24/08/2014 16:49

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...

UK cyber insurance spend set to boom

23/08/2014 10:01

UK spending on cyber insurance is set to boom over the next five years as businesses try to offset the potentially disastrous effects of data breaches and hacks. Barbican Insurance underwriting manager for cyber, technology and media, Geoff White, maintains that UK companies spend only £20m a year...

Five ways - from telematics redundancy to cyber terrorism - that driverless cars will impact insurers by Jonathan Swift

23/08/2014 09:56

Driverless cars are set to be the biggest disruptive innovation of the early 21st century. With this in mind, senior risk manager Rahul Gumber has compiled a white paper offering his own personal opinion on the consequences of this transition. Here are five interesting points he raises: 1)...

Cyber crime: Insurers in the firing line by: Stephen Bonner and Jon Dowie

23/08/2014 09:52

As banks become more sophisticated and effective at defending themselves against attack, the focus of much cyber crime is changing. Increasingly, insurance companies are becoming the target. The risks are very real and very serious. Insurers need to raise their game as a matter of urgency. The...

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