business cybersecurity News

New AIG Cyber Model to Evaluate, Score Client Cyber Risk

American International Group, Inc. has launched a new cyber benchmarking model that quantifies and scores client cyber risk. The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology devices. The model …

Top Kentucky Hotel Says Data Breach Could Have Included Guest Info

A four-star Kentucky hotel has discovered a data breach threatening guests’ credit card information. News outlets report The Galt House hotel in Louisville said last month that an internal investigation found malware had been stealing information from a payment card …

Chubb Expands Cyber Risk Mitigation Offerings

Chubb has expanded its suite of cyber loss mitigation services for U.S. and Canadian policyholders to reduce the impact and likelihood of a cyber incident. Chubb’s expanded suite of cyber services for loss mitigation includes: Password Defense—Available to Chubb cyber …

Philadelphia Launches Cyber Security Liability Endorsement

Philadelphia Insurance Companies’ (PHLY) has launched a new Cyber Security Liability Endorsement that offers both first and third party protection for numerous classes of business. The Cyber Security Liability Endorsement can be added to most PHLY commercial package policies with …

Schinnerer Launches New Cyber Protection Package

Victor O. Schinnerer & Company has launched its Cyber Protection Package. Using Schinnerer’s online broker portal, brokers can quote a cyber policy in minutes by answering a few basic questions about their client. The Cyber Protection Package is designed for …

5 Recent Reports on Businesses and Cyber Security, Liability and Insurance

Cyber security is clearly on the minds of business executives, most of whom acknowledge their firms have been victimized by some sort of cyber attack. What are they thinking about cyber security, cyber liability and cyber insurance? Below are summaries …

Corporations Warned Not to Hack Back

The hacked are itching to hack back. So say a dozen security specialists and former law enforcement officials who described an intensifying and largely unspoken sense of unease inside many companies after the recent breach of Sony Corp.’s networks. U.S. …

NAS Insurance Services Enhances Cyber Liability Insurance Product

NAS Insurance Services, an underwriting manager of specialty insurance, has introduced its new suite of cyber liability insurance services to respond to the growing needs of businesses facing constant threats of privacy and security breaches. NAS has added enhancements to …

Marsh Launches Catastrophic Cyber Policy For Large Companies

Marsh, a global insurance broker, risk manager and a wholly owned subsidiary of Marsh & McLennan Cos., has launched a new cyber insurance policy that provides catastrophic protection for large companies seeking to better manage the growing threat of a …

U.S. Retailers Warned About Hacking Software

More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said Friday. The government urged businesses of all sizes to scan their …