cyberliability News

Happy Holidays: Target’s Message May Put Scare Into Firms Without Cyber Coverage

Target Corp.’s data breach headache may be an opportunity for insurance carriers, insurance agents, risk managers and businesses to spread the word about cyber risk – although the message is bit of a scary one. The not-so-cheery holiday message: If …

Nearly 100K Utahns Could Be Hit by Data Breach

State officials say a data breach could affect as many as 97,000 Utahns who receive benefits through the state Department of Workforce Services. JPMorgan Chase notified the department last week that its servers affecting UCard customers were hacked from July …

Sony Says Protecting Content Made It Hackers’ Target

Sony Corp. believes it was targeted by hackers because it tried to protect its intellectual property, CEO Howard Stringer told a shareholders’ meeting at which he sidestepped a call for him to step down over the incident. Sony has been …

Sony Calls on Insurers to Help Pay for Data Breach

Sony is looking to its insurers to help pay for its massive data breach, an amount that one expert estimates could exceed $2 billion, but others said insurers may balk at ponying up that kind of money. “We have a …