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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...

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...

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