News
How at Risk is Your Company?
It is becoming increasing clear that most companies need some type of cyber liability coverage. But what type should you get? What liabilities do you need to be covered for? Here is a brief overview of the types of coverage a cyber insurance policy may include: 1....
Forewarnings from a Cybercrime Expert
One future for healthcare records shows each person with their medical records dangling from their key ring on a tiny USB stick. Or worse, everyone’s records kept in a giant database accessible through the Internet. Gary Warner, Director of Research in Computer...
Your personal account information is out there… alone.
The bank customer was getting suspicious while trying to withdraw cash from a drive-up bank ATM in New Port Richey, Fla., last year. The blinking LED lights around the card slot were flashing faster than usual, and the slot seemed oddly slow to take his card, he told...
Awareness of Cyber Liabilities Increasing, but Agent Education is Key to Selling Policies
New cyber liability products and players continue to flood this already oversaturated market, but the real question is: is anyone buying them? Well, it depends on whom you ask. A recent survey of 164 risk and finance managers from Towers Watson found that 73 percent...
Despite Rise in Cyber Threats, Businesses Forego Buying Network Liability Coverage
Despite the threat of increasing incidents of cyber attacks on businesses worldwide, the vast majority of companies (73 percent) report they do not have network liability policies, according to a new industry survey. The survey, conducted by Towers Watson, says that...
A drop in hacked records points to craftier attacks, not better
Verizon Business has released its 2011 Verizon Data Breach Report [PDF], and it's brimming with interesting statistics that are well worth a closer look by any security-minded IT worker. Among its findings: The total number of compromised records has dropped...
Epsilon Email Breach: What You Should Know
On March 30, 2011 Epsilon, a subsidiary of Alliance Data Systems Corporation (NYSE: ADS), discovered an intrusion into their network which has the potential to become one of the largest data breaches. As a result of the intrusion, proprietary marketing/customer...
How to Find Cyber Insurance for the Uninsurable
The University of California (UC) has redefined the rules of cyber liability insurance, using an approach that the University’s Chief Risk Officer Grace Crickette calls “reverse underwriting.” Collaborating with the university’s chief information officers, insurance...
BP loses laptop with private info on 13,000 people
(CNN) -- A BP laptop computer containing the private information of about 13,000 individuals who filed oil-related claims after last year's oil spill has been lost, according to the oil giant. The laptop contained names, addresses, phone numbers, dates of birth and...
News from INSUREtrust partner Beazley Insurance
News, opinions and analysis to assist in professional liability risk management from the Technology, Media and Business Services Group. From the underwriting desk 2011 NetDiligence® Cyber Risk & Privacy Liability Forum We are pleased to announce that Beazley will...
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