All the headlines from our Cyber Topic Page, ordered by recency.
Nov 17 2014 // The biggest challenge in selling cyber insurance is educating businesses about the need for coverage but agents and insurers may be falling short in their role to deliver education when it comes to cyber coverages.A new...
Nov 17 2014 // There’s been a myriad of articles outlining the benefits of cyber liability insurance following the well-publicized data breaches of Target, P.F. Chang’s, JPMorgan Chase, eBay, Home Depot and hundreds of other...
Nov 13 2014 // How an organization responds within 72 hours of a data breach can be critical.Take the case of GlobalMart, a hypothetical Boston-based international company that has had a hypothetically horrendous 2014, ricocheting from...
Nov 13 2014 // International specialist insurer Hiscox is now offering a Cyber Deception endorsement as part of its crime insurance that is aimed at protecting businesses against malicious efforts by criminals to trick employees into...
Nov 13 2014 // ACE Group is offering a new Loss Mitigation Services designed to help businesses reduce the possibility of cyber security attacks and data breaches from occurring, minimize potential losses, and prepare for possible...
Nov 12 2014 // Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co.According to the findings, new products,...
Nov 6 2014 // 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 were previously...
Nov 5 2014 // While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate cyber insurance coverage, a new survey found.That finding comes from the Association For Financial...
Nov 5 2014 // Banks need to put more money into combating hackers who have the potential to wreak havoc throughout the continent, the director of the European Union’s cybersecurity agency said.“We don’t know if there...
Nov 3 2014 // Cyber Liability is certainly one of the hottest topics in both the media and insurance industry today. It seems like headlines and news stories announce new victims of data theft almost on a weekly basis.But even with all...
Oct 28 2014 // The biggest challenge in selling cyber insurance is educating businesses about the need for cyber coverage, according to a new survey.The survey of insurance professionals found that among carriers offering cyber...
Oct 22 2014 // Starr Companies has launched Security & Privacy Risk Response, a cyber insurance offering that contains coverage for both first- and third-party costs. It is available on a primary basis and supplements Starr’s...
Oct 20 2014 // XL Group’s Cyber and Technology business unit has added three underwriters, Sean Donahue, Elissa Doroff and Richard Schulz, to its New York-based team. Donahue joins XL Group from Dewitt Stern Group where he most...
Oct 9 2014 // Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc.Sales are set to double this...
Oct 9 2014 // The hackers who raided the data banks of JPMorgan Chase & Co. used computers now linked to possible attacks on at least 13 more financial companies, according to a person familiar with the investigation.More than a...
Oct 8 2014 // Bond insurer MBIA was told two weeks ago about a server breach that compromised the data of thousands of local U.S. government entities, but it did not address the problem until earlier this week, according to the cyber...
Oct 8 2014 // Lloyd’s of London Chief Executive Officer Inga Beale expects the market for cyber insurance to surge after hackers attacked some of the largest companies in the U.S., including JPMorgan Chase & Co. and Home Depot...
Oct 7 2014 // Reinsurance specialist Guy Carpenter & Co. is launching a new cyber privacy and network protection product with Ridge Insurance Solutions Co., a new Lloyd’s managing agency led by Tom Ridge, former U.S. secretary...
Oct 6 2014 // Matt Fairfield, the founder and CEO of Dutch specialty insurance group ANV, has a lot on his plate managing the company’s activities in insurance, reinsurance and the Lloyd’s market. Carrier Management caught...
Oct 2 2014 // Law enforcers in Europe need greater powers to retain data for longer in order to catch cybercriminals selling discrete services that police cannot trace under existing regulations, according to a Europol report.Cybercrime...