Article archive

Beazley Breach Response Services 1000th Breach

14/12/2013 20:20
Innovative Insurer becomes the first to manage 1,000 breaches.Beazley, the pioneer in breach response insurance, is currently managing its 1,000th breach. This marks the 1,000th time that Beazley has helped a company recover from a serious loss of data since 2009, when they first...

EU tightens Data Protection Rules

13/12/2013 06:21
Compelling companies to notify supervisory authorities when a breach occurs will drive the growth of cyber insurance in the EU. The Civil Liberties, Justice and Home Affairs (LIBE) Committee of the European Parliament has approved the compromise amendments on the European Commission’s...

Data Breach Insurance: Will It Help Or Hurt Your Privacy?

12/12/2013 00:00
If someone steals your credit card number, the issuer doesn't make you pay. They get their money back through user fees and insurance. When I first heard about Beazley's security breach insurance, I worried, because a breach costs more than money. Yes, insurance could pay fines and damages to...

Cyber Outlook: The must-know sectors for new business

11/12/2013 08:34
The frequency, sophistication and severity of data breaches is set to explode in 2014, according to two new industry reports.  For the savvy insurance producer, that means an increased opportunity to pitch cyber security insurance to clients—provided you know which ones to target. Data...
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