Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Citi Skimped on ID Theft Protection for Data Breach Victims: Reuters
Jun 24 2011 // After a massive data breach last month, Citigroup did not offer its hacked clients the same degree of identity-theft protection that many other companies provide, drawing criticism from privacy advocates. Citigroup, which...
Firms Shift Cybersecurity Responsibility to Frontline Employees
Jun 22 2011 // If your company gets hacked, it may very well be your fault, and if your bank account gets broken into by digital thieves, you might be to blame too. The question, though, is whether you’ll ever actually be punished...
Hackers Bring Down British Police Web Site
Jun 20 2011 // Hackers temporarily knocked offline a Website run by the British police Serious Organized Crime Agency (SOCA), which targets organized crime in Britain and overseas. Lulz Security, a loosely aligned hacker group which said...
Markel Updates DataBreach Policy
Jun 20 2011 // Markel has updated its DataBreach cyber liability policy amidst recent reports of increased hacking activity. The new form will offer broader coverage and higher limits while maintaining the current structure, which is...
Expert Assesses Cyberinsurance Market: Demand, Prevention, Recovery
Jun 20 2011 // Demand for cyberinsurance was rising even before the most recent highly-publicized parade of breaches at major corporations and organizations. After the news of the first major Sony hack but before the subsequent reports...
Alabama Governor Tackles Tornado Recovery, Home Insurance Options
Jun 20 2011 // Anyone with a suggestion or complaint about Alabama’s recovery from the deadly tornadoes in April should know that the buck stops with the governor. Gov. Robert Bentley said he’s not looking to the Federal...
Hackers Might Face Stiffer Sentences in U.S.
Jun 20 2011 // Even before a loosely organized group of hackers broke into the CIA’s and Senate’s public websites, the White House asked for stiffer sentences for breaking into government and private computer networks. Last...
Cyber World
Jun 20 2011 // Barely a day goes by without news of yet another data breach at a major corporation or institution. From Sony to Citicorp and the International Monetary Fund to the U.S. Senate, systems have proved vulnerable to hackers...
Declarations
Jun 20 2011 // Toyota Claims Setback “Application of California law to a nationwide class, at least in some instances, would drastically expand the scope of relief available to plaintiffs (to the detriment of Toyota).”...
Individuals, Not Just Corporations, Face Cyber Risks
Jun 17 2011 // While the big news is about hacks into the CIA’s and Senate’s public websites, Citigroup and Lockheed Martin, tens of thousands of people are victimized by cyber criminals each year, sometimes with devastating...
Travelers Bond & Financial Launches CyberRisk Product
Jun 15 2011 // Travelers has unveiled CyberRisk, a new product from Travelers Bond & Financial Products meant to limit client cyber exposures and managing associated risks. “Cyber risks leave businesses exposed regardless of...
Hacking Blitz Drives Cyberinsurance Demand
Jun 15 2011 // The recent string of sensational hacker attacks is driving companies to seek “cyberinsurance” worth hundreds of millions of dollars, even though many policies can still leave them exposed to claims. Companies...
Draft Data Breach Bill Requires Quick Disclosure
Jun 14 2011 // Draft legislation is being circulated in Congress that would require firms to make reasonable efforts to secure customers’ personal data and to provide quick disclosures in the case of a data breach. U.S....
International Monetary Fund Cyber Attack Boosts Calls for Global Action
Jun 13 2011 // Governments, multinational corporations and global institutions are losing the battle against computer hackers and must combine their resources if they are to lock out cyber intruders, experts say. The International...
NAS Creates Data Security Risk Management Web Site
Jun 10 2011 // NAS Insurance Services has launched its Data Security Risk Management Web site. The site offers up-to-date state and federal laws, compliance materials, training tools, and procedures to reduce insured’s exposure to...
Lloyd’s Highlights Potential Impact from Cyber Crime, Data Loss
Jun 10 2011 // Cyber crime has become a high profile problem for risk managers, heightened as a result of the recent attacks by hackers on Sony. In an article on its web site Lloyd’s notes that risk manager are increasingly...
Citi Says Hackers Accessed Bank Card Data in May
Jun 9 2011 // Citigroup Inc. said computer hackers breached the bank’s network and accessed the data of about 200,000 bank card holders in North America, the latest of a string of cyber attacks on high-profile companies. Citi said...
U.S. Urges Code of Conduct for Internet Commerce
Jun 9 2011 // Companies using the Internet to do business should adhere to a code of conduct to reduce hacking and online theft, the U.S. Commerce Department said in a report issued Wednesday. The department recommended improved methods...
Stigma Keeps Many Firms From Reporting Cyber Attacks
Jun 6 2011 // Wary of alarming customers, many firms never report the kind of cyber attacks suffered by Sony, Google and others — and as long as the stigma holds, tackling the growing problem may prove impossible. Data theft is a...
AAIS Revises Personal Umbrella Forms to Address Cyber Bullying
Jun 3 2011 // “Electronic aggression,” sometimes called “cyber-bullying,” is an excluded offense under newly revised personal umbrella policy forms being filed countrywide by The American Association of Insurance...
