The recent hack and subsequent data loss by US retailer Target involved the personal information of at least 70 million customers, including names, phone numbers, email and mailing...
The Massive & Ever-Increasing Risk
2014 has seen one massive data breach after another, affecting industries and organizations of every type. One recent report indicated an Eastern European...
UK spending on cyber insurance is set to boom over the next five years as businesses try to offset the potentially disastrous effects of data breaches and hacks.
Barbican Insurance underwriting...
Driverless cars are set to be the biggest disruptive innovation of the early 21st century.
With this in mind, senior risk manager Rahul Gumber has compiled a white paper offering his own personal...
As banks become more sophisticated and effective at defending themselves against attack, the focus of much cyber crime is changing. Increasingly, insurance companies are becoming the target. The...
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...
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...
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...
(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...
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...
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...
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...
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...
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...
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...
Sensitive data can be exposed to anyone. This happens all the time, and affects small and large businesses. Exposure can lead to loss of reputation, which can be very bad for a large...
Guest opinion
NICK ABRAHAMS
Norton Rose Fulbright’s Nick Abrahams
There is something of a Pollyanna approach to information security in boards around Australia at present. Many...
The Cyber Security Solutions and Services report defines and segments the market in North America with analysis and forecast of revenue. The cyber security solutions and services market...
CYBER SECURITY IS GAINING MORE ATTENTION, BUT INSURANCE COVERAGE IS FAILING TO MEET COMPANIES’ NEEDS
Cyber security is becoming a major issue and the growing prevalence of malicious attacks...
You already know a data breach is bad news for everyone, consumers and the breached business alike. But you might be shocked to learn just how severe the reputational impact can be for businesses.
In...