Hackers Hack Cyber Insurance Site

HyperCyber.com, a leading supplier of cyber liability insurance for corporations, reported that its site has been hacked.

The California-based insurer said the customer names, customer revenues, policy numbers, coverage limits, expiration dates, names of key personnel and passwords to bank accounts of more than 10,000 commercial clients were stolen sometime in May.

No claims data was stolen because there was none, the insurer said.

“Oops,” said HyperCyber CEO Tyron Shue, on a conference call with reporters where he explained that the data was apparently breached after an employee left his iPad in a bathroom at Dodgers Stadium. “We think that might have been when it happened but we really aren’t sure.”

The company said it delayed notifying officials and policyholders about the privacy breach because it didn’t think it was that big a deal, although Shue said he thinks a few employees may have mentioned the theft to some customers at an after hours party one night.

“This is just another example of how important it is to not only have insurance coverage but also have a cyber security plan in place,” said Shue. “Check out our white paper for more.”

HyperCyber said it has a commercial general liability policy for its own operations and is pretty sure that covers data breaches.

“We did not see the need to get additional coverage because our IT people told us they had everything under control and would be insulted if we bought liability coverage for our network,” said Shue.

China denied it was behind the hacker attack.

Topics Cyber Training Development