New York Proposes ‘Flexible’ Cybersecurity Regulation for Insurers, Banks September 15, 2016 By Elizabeth Blosfield The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to...
Hacker Used Employee Credentials to Breach University of Alaska Data September 8, 2016 University of Alaska officials say someone used an employee’s credentials to hack into a network drive that contained private information...
More Businesses Fear Losing Data than Getting Hacked, Survey Shows September 7, 2016 By Don Jergler Losing data strikes more fear in businesses than getting hacked. A survey released today by San Francisco, Calif.-based Wells Fargo...
AIG, Chubb, XL Lead in $1 Billion U.S. Cyber Insurance Market: Fitch August 29, 2016 About 120 U.S. insurance groups wrote an estimated $1 billion in cyber insurance direct written premiums in 2015, according to...
Expert Gives Agents C- on Understanding of Cyber Insurance August 23, 2016 By Don Jergler Eduard Goodman, chief privacy officer of Scottsdale, Ariz.-based IDT911, an identity theft protection firm, isn’t too high on the industry’s...
Sciemus’ Move into Specialty Underwriting: A Case of ‘Adapt and Thrive’ August 3, 2016 By L.S. Howard It was a case of adapt and thrive when modeling and analytics company Sciemus made a big strategic leap this...
Capsicum Re Hires Bousfield, Palmer and O’Dwyer-Smith to Cyber Team July 27, 2016 Capsicum Re*, the specialist reinsurance broker, announced it has hired Patrick Bousfield, Jane Palmer and Alice O’Dwyer-Smith to its cyber...
Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth July 26, 2016 Pen Underwriting announced that Adrian Scott has been appointed to the newly created role of head of Cyber Liability. Scott...
5,400 Oregon Patients Notified of Records Breach July 20, 2016 Providence Health & Services in Oregon is notifying about 5,400 current and former patients that a former employee may have...
Channel Syndicate Launches Innovation Division, Names Allen as Tech Head June 23, 2016 Channel Syndicate 2015 at Lloyd’s is launching an Innovation Division, which will further structure Channel’s activities and organization to explore...