cyber liability News

Oklahoma Cybercrime Legislation Headed to Governor

A bipartisan solution to address the proliferation of cybercrime has unanimously passed the Oklahoma Senate. House Bill 1759, authored by Rep. Trish Ranson, D-Stillwater and Sen. Zack Taylor, R-Seminole, updates language in the Oklahoma Computer Crimes Act to better address …

Massive SolarWinds Hack Prompts Calls for U.S. Law Requiring Cyber Breach Reporting

A bipartisan group of senators on Tuesday recommended that the U.S. consider requiring companies to disclose when they have been hacked. At the first public hearing before Congress since a massive cyber-attack by suspected Russian hackers was disclosed in December, …

Russian Spy Tools Linked to SolarWinds Hack, Says Cyber Security Firm Kaspersky

The group behind a global cyber-espionage campaign discovered last month deployed malicious computer code with links to spying tools previously used by suspected Russian hackers, researchers said on Monday. Investigators at Moscow-based cyber security firm Kaspersky said the “backdoor” used …

How Dominance of One Management Software Became Cyber Liability for U.S.

On an earnings call two months ago, SolarWinds Chief Executive Kevin Thompson touted how far the company had gone during his 11 years at the helm. There was not a database or an IT deployment model out there to which …

New Ransomware Strains Being Unleashed on Businesses During Pandemic

Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the year, underscoring the risks created by pandemic-related work-from-home requirements, a new Coalition report has determined. On top of that trend, …

Justice Department Sets Meeting on Internet Liability

The U.S. Justice Department said on Thursday it will hold a public meeting on Feb. 19 to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post. The meeting …

Cyber Coverage Confusion

I had the opportunity recently to read two cyber liability policies and they honestly made my head spin a little. There were coverages that I hadn’t thought about and restrictions that didn’t make sense (at least for a while). The …

The Evolution of Cyber Liability Exposure and Coverage

On July 25, Insurance Journal’s Academy of Insurance hosted a webinar by Joe Harrington, entitled The Evolution of Cyber Liability. Joe started the session in the early days of cyber liability when it was a fringe third-party liability coverage, sold …

Illinois’ Rush Health System Says Data Breach May Affect 45,000 Patients

Illinois-based Rush System for Health says personal information from about 45,000 patients may have been compromised in a data breach. The health system said in a recent financial filing that the exposed data may include names, addresses, birthdays, Social Security …

Texas Agents Group, Wingman Insurance Partner on Cyber Liability Coverage

The Independent Insurance Agents of Texas (IIAT) has entered an exclusive partnership with Wingman Insurance for cyber liability coverage. IIAT members can now access the Wingman Cyber online platform to provide cyber liability insurance for their commercial clients. Additionally, IIAT …