All the headlines from our Cyber Topic Page, ordered by recency.
Dec 7 2015 // On Oct. 1, 2015, many of the insurance industry’s clients took on a lot more risk, and may not even know it. The Payment Card Industry, PCI, which is the self-regulating organization that oversees everyone that...
Dec 7 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line.But one would...
Dec 7 2015 // The cost and frequency of cyber-related security threats are on the rise. Some estimates claim that one-in-six businesses have experienced a cyber attack in the past year while the cost of cyber attacks on global...
Dec 7 2015 // The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert.“I don’t think we can easily...
Dec 7 2015 // Businesses and organizations should expect cyber criminals to attack through wearable devices, employees’ home systems, cloud services and automobiles within the next year, according cyber experts at Intel’s...
Dec 7 2015 // New York regulators are considering a host of cybersecurity requirements for banks and insurers and urged other state and federal authorities to collaborate on establishing a framework of defenses for the financial...
Dec 4 2015 // The Main Street America Group has launched a cyber risk protection offering designed for “Main Street” businesses in 19 states across the country.The coverage, available through Main Street America’s Main...
Dec 3 2015 // Target Corp. will pay about $39 million to banks and credit unions to resolve losses from a 2013 holiday- season data breach, as retailers and financial institutions continue to grapple with the costs of major hacker...
Dec 3 2015 // Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the latest analysis from...
Dec 3 2015 // Executives from 15 auto companies met with U.S. Transportation Secretary Anthony Foxx Tuesday to discuss specific industrywide actions that can improve safety and prevent cars from being hacked.The meeting was convened...
Dec 1 2015 // U.S. states said they will investigate a massive breach at digital toy maker VTech Holdings Ltd as security experts warned that hackers are likely to target similar companies that handle customer data.Attorneys general in...
Nov 30 2015 // XL Catlin’s Cyber & Technology insurance business has launched a new online resource – CyberRiskIQ.com, to provide clients with support for cybersecurity readiness and incident response services.CyberRiskIQ.com...
Nov 25 2015 // Cyber attacks on the private sector are an increasingly important risk in corporate credit analysis, U.S. ratings agency Moody’s Investors Service said this week.The threat of computer hacking varies from sector to...
Nov 23 2015 // Only one-third of insurers in the London market believes their firm could withstand a major cyber attack, and almost half felt they were underprepared, according to a survey conducted by Xchanging plc, the U.K. business...
Nov 19 2015 // Cyber insurance, international regulatory efforts, the sharing economy and the successful state credit-scoring model dominated the agenda of this past week’s National Conference of Insurance Legislators meetings in...
Nov 19 2015 // The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert.“I don’t think we can easily...
Nov 18 2015 // An administrative judge has dismissed the Federal Trade Commission’s data security case against cancer testing company LabMD, marking the first defeat for an agency that has successfully brought such cases against...
Nov 17 2015 // Businesses and organizations should expect cyber criminals to attack through wearable devices, employees’ home systems, cloud services and automobiles within the next year, according cyber experts at Intel’s...
Nov 17 2015 // Chancellor of the Exchequer George Osborne announced he’ll double funding to strengthen the U.K.’s cyber defenses, while refusing to confirm that budget cuts to be announced next week would spare...
Nov 16 2015 // On Oct. 1, 2015, many of your clients took on a lot more risk, and may not even know it. The Payment Card Industry, PCI, which is the self-regulating organization that oversees everyone that accepts or issues payment...