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US supermarket retail chain Supervalu reports cyber breach by Warwick Ashford

17/08/2014 06:38

Supervalu is the latest in a string of US retailers to report a breach of its card payment network, but says there is no evidence that cardholder data was stolen. However, in a consumer security advisory, the company said the intruders may have accessed account numbers, expiry dates,...

The Biggest PR Mistake in Privacy and Data Security Incidents: An Interview with PR Expert Melanie Thomas

15/08/2014 09:33

It happens all the time. An organization has a privacy incident or data breach. The news stories proliferate. Cries of “shame on you” reverberate across the Internet. A number of organizations have an incident response plan, but they often don’t have much of a plan for PR. Certain incidents can...

Lack of incident response holding back cyber insurance market by Craig Carpenter

14/08/2014 08:45

Cybersecurity needs “virtual sprinkler systems” to help tamp down risk The hottest topic in the insurance world today is cyber risk insurance, or coverage for the response to and fallout from cyber crime and breaches. As Reuters recently highlighted, the cyber insurance market is set to...

Allianz Cyber Protect helps companies defend against rising threat of cyber crime

14/08/2014 08:29

Cyber crime and data breaches cost the global economy about $445 billion annually, and it is estimated that more than 800 million individual records were affected by cyber crime in 2013. In response to the growing cyber criminality threatening Canadian companies, industrial insurance...

Data Breach + No Insurance + No Legal Counsel = #Loss by Alba Alessandro, Hodgson Russ LLP

13/08/2014 07:39

Welcome to the new age! Data breaches are embedded in our lives – there is no escape. The costs to any company to operate a business without cyber liability insurance and legal counsel are astronomical. Is your company equipped with adequate reserves to fund a data breach? This article outlines the...

Data Breach Insurance: It’s Better to Be Safe than Sorry

12/08/2014 09:20

Sensitive data can be exposed to anyone. This happens all the time, and affects small and large businesses. Exposure can lead to loss of reputation, which can be very bad for a large corporation that relies on enjoying positive feedback from existing and prospective customers. When...

Seven things every director should know about IT security

11/08/2014 07:34

Guest opinion NICK ABRAHAMS Norton Rose Fulbright’s Nick Abrahams There is something of a Pollyanna approach to information security in boards around Australia at present. Many boards (in fact 88 per cent according to a recent Deloitte survey) believe they are not vulnerable to...

North America Cyber Security Market is Expected to Reach $61.91 billion in 2019 - New Report by MicroMarket Monitor

10/08/2014 23:07

The Cyber Security Solutions and Services report defines and segments the market in North America with analysis and forecast of revenue. The cyber security solutions and services market in North America is estimated to grow from $41.19 billion in 2014 to $61.91...

Cyber Insurance is lacking by S Vangus

10/08/2014 22:55

CYBER SECURITY IS GAINING MORE ATTENTION, BUT INSURANCE COVERAGE IS FAILING TO MEET COMPANIES’ NEEDS Cyber security is becoming a major issue and the growing prevalence of malicious attacks of businesses is leading to a higher demand for cyber insurance. There are now 50 carries of cyber...

Best Practices for Companies Recovering from a Data Breach Posted by Michael Bruemmer

08/08/2014 22:45

You already know a data breach is bad news for everyone, consumers and the breached business alike. But you might be shocked to learn just how severe the reputational impact can be for businesses. In the latest Ponemon Institute survey, “The Aftermath of a Mega Data Breach: Consumer Sentiment,”...

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