data theft News

Hiscox Adds Cyber Crime Protection for Small, Medium-Sized Businesses

Hiscox, the international specialist insurer, has added a new cyber crime protection endorsement to its technology privacy cyber portfolio. The cyber crime coverage option provides additional protection against growing exposures related to cyber crime connected to business bank accounts. “Technology …

Beazley Enhances Suite of Data Breach Products for Businesses

Beazley has unveiled major enhancements to its Beazley Breach Response (BBR) product. Launched over three years ago, BBR includes a separate limit of coverage for breach response services, and Beazley recently announced the creation of BBR Services, a dedicated business …

Cincinatti Insurance Co., IDentity Theft 911 to Offer Data Breach Services to Insureds

IDentity Theft 911, an identity management and data risk management service company, is partnering with The Cincinnati Insurance Company to bring data risk solutions to Cincinnati’s commercial insurance clients. Cincinnati Insurance offers an optional endorsement providing coverage to reimburse businesses …

Willis Warns Companies to ‘Wake up to Cyber Threats,’ Liabilities

Company Directors must wake up to cyber threats or they risk litigation from all sides, warned Francis Kean of Willis Group Holdings. Speaking at a Willis-hosted cyber liability conference in London this week, the Executive Director of Willis’ FINEX Global …

AAIS and Hartford Steam Boiler Team up for Data Compromise Coverage

The American Association of Insurance Services (AAIS) and The Hartford Steam Boiler Inspection and Insurance Co. (HSB) are developing data compromise coverage as an endorsement under the AAIS Businessowners Program and in the electronic data processing section of the AAIS …

San Francisco City Worker Charged With Data Theft

A former San Francisco city employee is facing charges that she stole Social Security and other confidential information from more than 3,000 people who applied for Medi-Cal benefits. Shawn Williams pleaded not guilty on Tuesday to four felony counts of …

Lloyd’s Highlights Retailers Need for Cyber Fraud Coverage

An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes – and offices …

Bulk of U.S. Data Theft Linked to Few Chinese Hacker Teams

As few as 12 different Chinese groups, largely backed or directed by the government there, do the bulk of the China-based cyberattacks stealing critical data from U.S. companies and government agencies, according to U.S. cybersecurity analysts and experts. The aggressive, …

Raids by Cyber Thieves Are Unlikely to Stir Faster Global Action

A major new hacking attack underscores that governments and companies are losing the war against cyber thieves, but it’s unclear if the disclosure will prompt quicker global action against online break-ins. A U.S. report that intruders breached the computer networks …

Willis’ Leisure Industry Report Highlights Vulnerability to Cyber Attacks

According to a new report from Willis Group Holdings – Willis Summer 2011 Leisure Newsletter – “vast quantities of personal, identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks.” Willis’ Cyber …