All the headlines from our Cyber Topic Page, ordered by recency.
Jan 10 2012 // Lloyd’s MGA CFC Underwriting has launched a new cyber liability product with wording to cover the risks of storing data in the “cloud.”CFC identified a gap in coverage for firms that use cloud computing...
Jan 9 2012 // Extended Stay“I’ve talked to the board and said that if I stay healthy — and I’m still hopeful — I would like to stay on for another year.” —AIG CEO Robert Benmosche on his plan to extend his...
Jan 5 2012 // Now that the year 2011 is behind us, let’s take a look at what might be ahead.Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any...
Dec 30 2011 // The British arm of News Corp has increased the legal fund it will use to settle civil litigation cases brought by victims of phone hacking to £100 million ($155 million) from £20 million [$31 million], the Independent...
Dec 29 2011 // An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes...
Dec 14 2011 // Attorney General Kamala D. Harris on Wednesday announced the creation of the eCrime Unit, staffed with Department of Justice attorneys and investigators, and charged with identifying and prosecuting identity theft crimes,...
Dec 14 2011 // Virginia-based IT services provider CSC is forming an advisory board to help tackle cyber security issues in the insurance industry.It’s called the Insurance Cybersecurity Advisory Council. The company says the group...
Dec 13 2011 // As few as 12 different Chinese groups, largely backed or directed by the government there, do the bulk of the China-based cyberattacks stealing critical data from U.S. companies and government agencies, according to U.S....
Dec 7 2011 // One way to help lower personal and business cyber risk is to avoid using easy-to-crack passwords. SplashData, a password management application maker, recently compiled a list of the 25 worst passwords for the year...
Dec 6 2011 // The threat of cyberattacks on the U.S. power grid should be dealt with by a single federal agency, not the welter of groups now charged with the electric system’s security, researchers at the Massachusetts Institute...
Dec 5 2011 // The Chubb Group of Insurance Companies has added protection for cyber breaches and other crimes to its ForeFront Portfolio 3.0 program for private companies.The new cyber security insurance will allow U.S. companies to...
Nov 29 2011 // Healthcare providers insured by Markel now have access to a free DataBreach endorsement.The new endorsement covers liability resulting from a compromise of confidential patient information and the associated costs. These...
Nov 23 2011 // The rush is the risk on Black Friday and Cyber Monday in the eyes of a retail insurance and risk expert who previously worked in retail for 22 years.Kelly Brown of Zurich North America doesn’t go so far as to...
Nov 16 2011 // United States reserves the right to retaliate with military force against a cyberattack and is working to sharpen its ability to track down the source of any attack, the Pentagon said in a report made public Tuesday.The...
Nov 1 2011 // Midwestern medical liability insurance company MMIC Group, Inc. has introduced Cyber Solutions, which provides coverage for data breaches, invasions of privacy and other risks to the information technology systems of...
Nov 1 2011 // At least 48 chemical and defense companies were victims of a coordinated cyber attack that has been traced to a man in China, according to a new report from security firm Symantec Corp.Computers belonging to these...
Oct 28 2011 // Between 2005 and 2010, more than 350 million personal records were exposed in reported data breaches alone. Those numbers include data, privacy and security breaches by cyber-criminals accessing sensitive company and...
Oct 25 2011 // The U.S. government is making it easier for small businesses to beef up defenses against cyber criminals through a free, online tool, the top U.S. communications regulator said Monday.The Small Biz Cyber Planner will allow...
Oct 24 2011 // The U.S. isn’t alone in having to deal with the increased threats from social media and the potential they pose to reputation risk, as well as the protection of confidential information. These risks are also becoming...
Oct 21 2011 // Senior Obama administration officials and a bipartisan group of U.S. senators agreed on Wednesday to push for cybersecurity legislation as quickly as possible, the White House said Thursday.White House spokeswoman Caitlin...