Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Travelers Adds Cyber Protection Tailored to Small Businesses
Jan 22 2013 // Small businesses may not think they are at risk for cybercrime, but almost 72 percent of the 855 data breaches worldwide analyzed by Verizon’s forensic analysis unit were at companies with 100 employees or less*....
BRP to Offer LIU Data Breach/Privacy Products
Jan 15 2013 // Business Risk Partners (BRP) is now offering E&O with built-in data breach/privacy coverage for tech service providers, including website designers and engineers, software developers, and emerging tech firms....
South Carolina Lawmakers Vow to Tackle Cybersecurity
Jan 7 2013 // South Carolina legislators say they’re willing to spend whatever it takes to prevent another massive security breach in state government, once they have a handle on what’s necessary. House and Senate leaders of...
Wells Fargo Names Pearson VP, Professional Risk Group Cyber Risk
Jan 3 2013 // San Francisco, Calif.-based Wells Fargo Insurance named Rebecca Pearson vice president for its professional risk group’s technology, privacy and network risk practice. Pearson will advise clients on professional...
Evolution of Cyber Coverage: How to Sell to Today’s Businesses
Jan 2 2013 // The insurance industry has wrestled with the best way to respond to all the different privacy and security exposures businesses face in the current tech-heavy world. Since it first came out in the late ’90s, cyber...
10 Insurance Ins and Outs, Ups and Downs of Year of Dragon 2012
Jan 2 2013 // In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery because its head and tail cannot be seen at the same time, according to Chinese...
Cyber criminals will continue to find new ways to attack in 2013
Dec 17 2012 // Cyber Threats in the New Year This issue identifies certain developments insurance professionals can expect in the new year. Beyond those mentioned in the articles in this issue, there is one thing everyone can expect that...
AAIS, IDentity 911 Release Sample Data Breach Endorsement
Dec 14 2012 // Insurers now have access to a new sample endorsement they can use to provide “data breach” coverage to small- and mid-sized commercial accounts. The American Association of Insurance Services (AAIS) has...
Chubb Launches Cyber Endorsement Addressing Bank Account Takeover Frauds
Dec 11 2012 // The Chubb Group of Insurance Companies has launched a new endorsement to help protect community banks from a more than three-fold increase in fraudulent online commercial transactions. The new endorsement to the ForeFront...
Nationwide Insurance Says Data Breach Affects 1.1M
Dec 7 2012 // Nationwide Mutual Insurance Co. says someone attacked part of its computer network and likely stole personal information affecting more than 1.1 million people. The Columbus, Ohio-based company says the Oct. 3 data breach...
More than 90,000 Iowa Residents Hit by Data Breach
Dec 6 2012 // Iowa officials say more than 90,000 residents in the state have been affected by a nationwide insurance breach that’s impacted more than a million people. Iowa Attorney General Tom Miller on Dec. 4 announced the data...
Hackers Steal North Carolina Insurance Agency Funds
Nov 30 2012 // A business in Hickory reports thousands of dollars were taken after a hacker got into a computer system. The Hickory Daily Record reported that First Security Insurance said that a substantial amount of money had been...
Munich Re Study Focuses on Rising ‘Cyber Crime’
Nov 29 2012 // “Cyber attacks are a reality and companies need to prepare themselves,” warns Munich Re in a recently released study – “Cost of Cyber Crime” – conducted by the Ponemon Institute....
IPISC Launches IP Litigation Coverage for Cyber/Media-Based Tech Companies
Nov 28 2012 // Louisville, Ky. headquartered Intellectual Property Insurance Services Corporation (IPISC) has launched IP Defense Indemnification Insurance for cyber/media-based technology companies. The cyber/media-based industry...
AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y.
Nov 21 2012 // AIR Worldwide recently concluded damage survey of areas impacted by Superstorm Sandy, which made landfall on Oct. 29, five miles southwest of Atlantic City, New Jersey. On November 11, 2012, AIR teams were deployed to...
Nationwide Insurance Data Breach Could Affect 28,000 in Georgia
Nov 21 2012 // Georgia Insurance Commissioner Ralph Hudgens has confirmed that 28,467 households in the state could be affected by an online security breach involving Nationwide Insurance Co. Hudgens said the company notified him that a...
Senate Kills Cybersecurity Bill
Nov 15 2012 // Senate Majority Leader Harry Reid declared a U.S. cybersecurity bill, opposed by business and privacy groups, dead on Wednesday after it failed a test vote for the second time. The bill would have increased...
Lawsuit Over South Carolina Data Breach Expanded to Private Firm
Nov 7 2012 // A former state senator has expanded his lawsuit over the hacking of millions of South Carolina tax returns to include a separate state agency and private data security company. Spartanburg attorney John Hawkins added...
Zurich/Advisen Poll Finds Cyber Risk Awareness Increasing
Nov 6 2012 // A note from Zurich Insurance indicates that the “vast majority of risk professionals say information security and other cyber risks are at least a moderate threat to their organizations,” according to a new...
Essentials: The Risk Landscape of Cyberspace
Nov 5 2012 // William Gibson coined the phrase “cyberspace” in his popular science fiction novel “Neuromancer” “to describe the real and cultural dynamics of people and machines working within the confines...
