cyber liability News

Obama Executive Order to Encourage Cybersecurity Information Sharing

President Barack Obama is set to announce a new cybersecurity executive order on Friday designed to encourage companies to share information about cyber threats, White House cybersecurity coordinator Michael Daniel told reporters. The executive action will kick off a process …

California Consumer Sues Anthem Over Data Breach

Anthem Inc. faces what may be the first of many consumer lawsuits a day after disclosing that hackers obtained data on tens of millions of current and former customers and employees. A California woman on Thursday accused the health insurer …

ACE Launches Cyber Risk Unit for Continental Europe

ACE Group announced the launch of a new, independent cyber risk business unit as it continues to strengthen its local underwriting and risk management capabilities across Continental Europe. The announcement follows research by ACE which indicates that cyber is a …

Swiss Re Corporate Solutions Strengthens Cyber & Technology Team

Swiss Re Corporate Solutions has strengthened its Cyber & Technology team with the addition of two new senior executives. Francois Brisson and Richard De Piero have been appointed Global Head and North America Head, respectively, for this key line of …

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 …