Article archive :: PrivacyRisksAdvisors.com

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...

Cyber Insurance: Variety in cyber by Jacquetta Castle

21/08/2014 18:22

With cyber insurance a relatively new market, issues are arising in various areas – many from the non-standard wordings in policies themselves. Perhaps the most talked about British Insurance Law Association event of the last five years was the cyber mock trial in 2011, put on jointly with the...

Legal Update: Cyber Essentials - a major step forward for insurers by Nick Gibbons

21/08/2014 18:10

Nick Gibbons explains why the government’s recently launched Cyber Essentials Scheme – aimed at improving protection against cyber attacks – is so significant for the insurance industry. The Cyber Essentials Scheme was launched on 5 June 2014. It represents a major step forward for insurers in...

Should you use cyber insurance to mitigate risk? by William Beer

20/08/2014 17:35

While still a relatively immature industry, cyber insurance can reduce the costs of recovering from a breach, and, as Tony Morbin reports, it can also play a role in driving adoption of best practice, including de-facto standards in critical infrastructure. Should you use cyber insurance to...

Community Health Systems says personal data stolen in cyber attack by reuters

20/08/2014 09:38

(Reuters) — U.S. hospital operator Community Health Systems Inc. said on Monday personal data, including patient names and addresses, of about 4.5 million people were stolen by hackers from its computer network, likely in April and June. The company said the data, considered protected under the...

How to avoid a €100 million data fine in Europe by Jennifer Baker

17/08/2014 17:50

A law approved by the European Parliament on Wednesday (12/3/2014) and aimed at protecting citizens’ privacy comes with sweeping penalties for breaches—up to €100 million (US$139 million) or 5 percent of global annual turnover, whichever is larger. The European Data Protection Regulation will apply...

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