data breach News

Delaware DOI Investigating Data Breach Affecting 19,000 Consumers

The Delaware Department of Insurance is investigating a security breach involving Summit Reinsurance Services Inc. (SummitRe) and BCS Financial Corporation, both subcontractors of Highmark BlueCross BlueShield of Delaware. The department was made aware of the breach as a result of …

California College Pays Hacker Ransom for Compromised Student Data

A California community college has paid a $28,000 ransom after a hacker took student data hostage. The Los Angeles Daily News reported that 1,800 Los Angeles Valley College teachers and staff were locked out of their computers last week, leaving …

How to Help Insureds Manage Customer Privacy Risk

Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they are increasingly advising businesses to disclose data collection practices while seeking to gain insurance coverage, according to David Garrett, president …

Data Breach: A Wide Coverage Gap for Small Business

Based on what we see in the trade press, it would appear most large businesses in the U.S. are addressing their exposure to data breaches in some way.  But what about the small, Main Street businesses such as those we …

Los Angeles County Email Hack Exposes Data of 750K people

Officials say a Nigerian national has been charged in connection with a hack of Los Angeles County emails that might have exposed personal data from more than 750,000 people who had business with county departments. The district attorney’s office says …

Yahoo’s Cyber Breach Adds to Age of Hacker Anxiety

Sunnyvale, Calif.-based Yahoo has become the worst-case example of an unnerving but increasingly common phenomenon – massive hacks that steal secrets and other potentially revealing information from our personal digital accounts, or from big organizations that hold sensitive data on …

ThyssenKrupp’s Trade Secrets Targeted in ‘Massive’ Cyber Attack

Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world’s largest steel makers, said it had …

The Right Cyber Coverage Can Protect a Business from Financial Ruin

A recent report on cybersecurity still shows many companies are unprepared for cyberattacks. The report, conducted by KPMG and British Telecom, reveals only 22 percent of companies have a comprehensive plan in place to deal with a major cybersecurity incident. …

Firms Should Look Closely at Data Practices, New York Conference Panelists Say

Panelists at the 2016 Professional Liability Underwriting Society (PLUS) Cyber Liability Symposium held Tuesday at the Hilton Midtown in New York City urged companies to take a closer look at data aggregation practices as regulators have begun to take a …

New York Cyber Conference Panelists Stress Importance of Unified Cybersecurity Plan

As cyber attacks become a growing concern with advances in technology, firms should be working to establish a cybersecurity plan that is cohesive across business operations to effectively reduce damage and cyber insurance claims, according to panelists at the 2016 Professional …