Article archive

The Problem With Cyber Insurance by IRA Scharf

18/06/2014 09:31
Insurers have yet to develop an evidence-based method to assess a company's cyber risk profile. This has resulted in high premiums, low coverage, and broad exclusions.   Cyber insurance is one of the fastest growing segments in the insurance industry. With the tremendous increase in data...

Hackers blackmail Domino's Pizza. By Dylan Love

17/06/2014 12:48
A group called Rex Mundi is threatening to release stolen customer account information unless it gets $41,000. By Dylan Love, Business Insider   A hacker group called Rex Mundi blackmailed the French and Belgian operations of Domino's Pizza (DPZ -0.50%)...

The $10 Million Deductible - By Josephine Wolff

13/06/2014 14:33
Do you still shop at Target? There’s been controversy over how much of an impact the massive breach of 40 million credit and debit card numbers in late 2013 had on the company’s shareholders and customers. And that controversy speaks to a larger cybersecurity problem plaguing industry...

Open SSL insecurity - can cyber insurance fill the gaps?

13/06/2014 07:40
Experts argue the need for response over detection - with a large side order of insurance to counter the Open SSL insecurity issue. Open SSL insecurity - can cyber insurance fill the gaps? The rolling saga of OpenSSL vulnerabilities - which kicked off with the Heartbleed problem back in early...

Target Data Breach: A Lesson in Crisis Communication by ThinkResults Marketing

06/06/2014 11:10
  The recent data breach by Target, the second largest in retail history, offers some very important lessons in how to do and hownot to do crisis communication. Let’s review the message that was issued December 20, 2013, a day after the massive data breach that affected 40 million...

Cyber liability must have for businesses by William Lako Jr

25/05/2014 09:42
Business insurance is a boring but necessary element to any business. Yet knowing there have been more than half a billion data breaches in the past nine years, business owners may want to take notice. That number is no joke. The Identity Theft Resource Center reports 630,432,294 individual names,...

Increasing Data Breach Costs Should Lead to a Review of Insurance Policies and Vendor Contracts by Scott Godes

25/05/2014 09:31
The Ponemon Institute has released its 2014 Cost of Data Breach Study: Global Analysis.  The Ponemon 2014 study, (additional registration is required), offers fascinating insights into the changing world of data breaches, data security, data privacy and...

As data breaches mount, it's time for corporate directors to study up on cyber by Ryan McDonald

10/05/2014 19:23
When a data breach occurs and millions of users’ information is compromised, someone has to take the blame for it. Target Corp. CEO Gregg Steinhafel on Monday resigned from his position just months after the company’s much-publicized data breach. Although analysts suggest...

15 Recent Healthcare Data Breaches Written by Ayla Ellison

30/04/2014 00:02
  The following is a roundup of healthcare data breaches reported in the last 30 days, beginning with the most recent: 1. Laptops Stolen from New York Podiatrist's Office Contained 6,475 Patients' Information Poughkeepsie, N.Y.-based Sims and Associates Podiatry notified patients of...

What’s Next for Cyber Insurance? by Andrea Wells

21/04/2014 17:05
Back to the Beginning: Moving Beyond Breaches There’s a saying in the cybersecurity industry that there are two types of businesses today: Those that have been breached and know it and those that have been breached and just don’t know it.   Cyber-related data breach incidents increased in...
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