“It’ll blow over” is not a very good mantra for the retail industry.
It seems like we can’t go a few weeks without news of a new data breach. The most recent came by way of Staples, which announced...
Home Depot Inc., which suffered a data breach between April and September, said 53 million e-mail addresses were taken by hackers during the attack, in addition to the 56 million payment cards that...
The thing about electronic data is that it is not subject to traditional geographical boundaries. Policyholders must navigate a patch work of regulations that often significantly differ from...
The Internet of Things (IoT) will rapidly become a HUGE challenge for insurers. The total market for wearable wireless devices in sports and healthcare will grow to 169.5 million devices in 2017, up...
What we've seen with vehicle telematics is just the tip of the iceberg. Imagine the same types of implications (and more) for every tangible item that the industry insures.
The Internet of...
In the latest quarter, Solutionary SERT performed a broad analysis of the threat landscape, including information on the Shellshock and Aftershock vulnerabilities present in Bash.
This...
Cyber attacks might be taking a toll now, but a survey of experts says things are likely to get even worse over the next decade.
A majority of cybersecurity experts surveyed in a poll see a...
Summary:
The devil is in the details. There are inconsistencies in the coverage provided, and minor variations can have significant impact.
No industry or organization, wherever situated and whatever...
Considering many businesses are not even aware when they have been a victim of a cyber-attack, it comes as little surprise the biggest challenge to selling these policies is consumer education.
A...
The spate of recent data breaches at big-name companies such as JPMorgan Chase, Home Depot, and Target raises questions about the effectiveness of the private sector’s information security. According...
Businesses are still coping with cyber-related data theft. The breaches at luxury retailer Neiman Marcus and discount retailer Target Corp. are now chapters in modern business...
Understand the benefits and the pitfalls you might miss when evaluating cyber policies.
As more organizations start considering cyber insurance as one component of a fully fleshed-out IT...
Earlier this year, hackers attempted to access the Office of Personnel Management’s database files of thousands of workers seeking high-level security clearances. It wasn’t the first such cyber...
Cyberspace is constantly evolving and presenting organizations with new opportunities, as the desire of businesses to quickly adopt new technologies, such as using the Internet to open new channels...
Cyber insurance helps tame the significant costs of a cyber attack and/or data breach by offering coverage for Public Relations, forensics investigations, breach notification mailings, call...
Insurers flush with capital are rushing to grab part of an expanding cybercoverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. andHome Depot Inc.
Sales are...
Having comprehensive cyber risk policies that are not followed can be as detrimental as not having a policy at all says Peter Given.Good who advises that good risk-insurance will demand appropriate...
No director or officer can effectively carry out their duties today without considering the possibility of a cyberattack disrupting or damaging their company, and the fact that they will be the...
Many off-the-shelf cyber liability policies feature a broad range of exclusions that won't protect your company from a data breach or ransomware attack.
The growing exposure from data...
In light of businesses increasing usage of information assets and advancing technology insurers are pulling away from cyber coverage, according to Kevin Kalinich, global practice leader of cyber risk...