Top three first-party exposures for risk managers are reputational harm, business interruption, and data breach response and notification
Every day the reports of cyber attacks become...
As well as the multi-billion-pound price tag, the threat from hackers is holding business innovation back, a new report finds
Defending Britain against cyber attacks and repairing the damage...
(Reuters) — Whoever was behind the latest theft of personal data from U.S. government computers appears to be following a new trend set by cyber criminals: targeting increasingly valuable medical...
Oceanwide, An Insurity Company, has released a new cyber risk assessment tool designed to help insurers identify and mitigate company-specific risks to data and privacy.
The tool is designed to...
Summary:
A major case, one of the first disputes under a cyber insurance policy that has resulted in litigation, shows why details matter so much.
There’s a tempest amid the recent spring shower of...
A weak link in many financial advisers’ cybersecurity plans is the outside companies that help run their businesses, such as payroll companies and computer-repair firms.
Advisers want to focus on...
Almost three-quarters of small UK businesses, and 90% of large organizations, have experienced a security breach, roughly a 10% increase for both compared with the same time last year. This is one of...
In case you haven't noticed, cars are gradually transforming into computers on wheels.
All the things we love about our devices have become more and more integrated into our driving experience: music...
Category Data SecurityArticle date 30 May 2015
Cyber insurance is set to become an essential for many businesses over the next ten years, it has been forecast.
Research unveiled by the...
It sounds like the stuff of sci-fi nightmares – a stranger hacking your baby cam and shouting abuse at your toddler. Someone controlling your home's lights and power points via a system that should...
Think you don’t need cyber insurance? Think again.
Big Law is a big target for cyber thieves, experts warn. For starters, law firms are viewed by criminals as low-hanging fruit — because firms are...
Let's jump ahead to a time when increasingly more people decide to buy a smart car. If I was the buyer there are certain insurance coverages I would want to buy and certain insurance coverages I...
About 80% of companies are likely to suffer a data breach within 12 months, and while most of the associated costs will total less than $1 million, there’s a 5% chance the breach will cost the...
Starbucks has a big problem. Don’t worry, they will still sell you their $5 cup of coffee. The problem they are dealing with is the repercussions of a data breach. The breach is connected with...
Although cyber insurance has been around for a few years now, since it is still a fairly new concept and the industry is expected to grow exponentially in the near future, companies may have...
Summary:The Online Trust Alliance says that a high percentage of data breaches were the result of staff mistakes -- rather than external hacking.
Over 90 percent of data breaches in the first half of...
Data breaches are set to cost the global economy as much as $2 trillion in the next five years.
Over 90 percent of data breaches in first half of 2014 were preventable
Read...
Nearly 90 percent of US healthcare providers have been hit by a data breach since 2013, costing the industry an estimated $6 billion a year, according to the latest data from the Ponemon...
Massive data breaches have become so prevalent that they are no longer big news. The cyber attacks that do grab headlines typically involve banks or large retailers, in which tens or hundreds of...
Cyber criminals are on the prowl for business data. Every company, no matter the size, has valuable data that's as enticing as cracking a safe--but with far less risk, because...