cyber liability News

Technology Dominates Texas-Based Group’s Fraud Predictions for 2015

Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Austin, Texas-based Association of Certified Fraud Examiners (ACFE) who were asked for their top fraud …

Lawmakers Seek Details on Financial Services Firms’ Data Breaches

Leading Democrats in both houses of Congress sent letters on Tuesday to 16 major banks and other financial firms requesting detailed information about recent data breaches and briefings from corporate data security officials. Among the companies targeted in letters sent …

Interview: D&O Cyber Liability, Cyber Risks Top Lawyers’ Agenda

Jeff Kingsley, a partner with the law firm of Goldberg and Segalla, specializes in technology risks, notably cyber liability and cyber risk, an emerging sector with many variables and pit falls for the unwary, which he explained in an interview …

Brit Launches Cyber Product for Critical Infrastructure, Industrial Machinery

Brit PLC, a global specialty insurer and reinsurer, has developed an insurance service to protect companies operating critical infrastructure and industrial machinery from terrorist and other malicious attacks, such as sabotage, espionage and theft. Critical infrastructure, operated through complex software …

NAS Insurance Services Enhances Cyber Liability Insurance Product

NAS Insurance Services, an underwriting manager of specialty insurance, has introduced its new suite of cyber liability insurance services to respond to the growing needs of businesses facing constant threats of privacy and security breaches. NAS has added enhancements to …

Home Depot Confirms Its Payment Systems Were Hacked

Home Depot Inc. confirmed on Monday its payment security systems have been breached, a data theft analysts warn could rival Target Corp.’s massive breach last year. Home Depot said the data theft could impact its customers in stores across the …

Marsh Launches Catastrophic Cyber Policy For Large Companies

Marsh, a global insurance broker, risk manager and a wholly owned subsidiary of Marsh & McLennan Cos., has launched a new cyber insurance policy that provides catastrophic protection for large companies seeking to better manage the growing threat of a …

U.S. Retailers Warned About Hacking Software

More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said Friday. The government urged businesses of all sizes to scan their …

Senate Committee to Take Up Cyber Liability Bill Next Week

The U.S. Senate Intelligence Committee is expected to consider a bill next week aimed at encouraging companies to exchange information on hacking attempts and cybersecurity threats with the government, senators said this week as they released a draft of the …

Liberty Mutual Adds Data Compromise Coverage to Insurance Agent E&O Program

Liberty Mutual Insurance has added data compromise coverage to its insurance agents errors & omissions (E &O) program. The endorsement carries an annual aggregate limit of $100,000 for response expenses and an additional $100,000 annual aggregate limit for defense and …