cybercrime News

The Lowdown: For Agents – The Latest on Cyber Predictions & Myths

This week’s Lowdown features two informative reports, the current State of Cybercrime, by RSA and Top Myths of Cyber Risk for Small & Medium-Sized Businesses, by Relation. Combined, these two reports offer you insights into the cyber risks facing you …

San Francisco Becomes the First City to Sue in Equifax Breach

San Francisco has filed a lawsuit against Equifax, becoming the first city in the country to sue the credit reporting company over a massive data breach that exposed the personal information of about 143 million Americans. The city’s lawsuit in …

Chubb Broadens Cyber Enterprise Risk Management Products

Chubb has broadened its enterprise risk management options for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management (Cyber ERM) and DigiTech Enterprise Risk Management (DigiTech ERM), combine cyber insurance with …

Expert Gives Agents C- on Understanding of Cyber Insurance

Eduard Goodman, chief privacy officer of Scottsdale, Ariz.-based IDT911, an identity theft protection firm, isn’t too high on the industry’s knowledge of cyber insurance, cybercrime and data theft. Goodman assigned a grade of C- when asked to assess the average …

Cyber Thieves Working Overtime Before Credit Card Chips Curtail Their Retail Business

Cyber-thieves see new credit card chip technology being adopted by U.S. retailers closing a lucrative window of opportunity to steal your data. So they want to move fast. “We’ve actually seen a number of discussions, in some cybercrime communities, where …

South Carolina Announces Initiative to Prevent, Fight Cybercrime

The South Carolina Revenue Department’s massive 2012 data breach gave Gov. Nikki Haley a firsthand lesson on the need for efforts to counter cybercrime, she said Wednesday. “Today, there is never a day I don’t think about cybersecurity,” Haley told …

Credit Card Buyers, Sellers Making Out Like Bandits

Cyber thieves who steal credit and debit card numbers are making millions of dollars in profits, fueling a global criminal enterprise marked by the high-profile data breaches of major companies such as Target and Home Depot. On average, a batch …

Obama Seeks ‘Nimble, Aggressive, Well-Resourced’ Cyber Defense

President Barack Obama vowed on Monday that the United States would aggressively bolster its cyber defenses, as U.S. officials said the probe into a massive breach of federal government networks has yielded growing signs of a direct Chinese role. Obama …

AG Lynch Urges Corporate, Government Cooperation to Fight Cybercrime

Attorney General Loretta Lynch this week urged greater cooperation between the government and private industry to combat computer hackers, a key component of a new cyber- attack playbook released by the Justice Department. Speaking to a gathering of government and …

Apparent Cyberattack Takes Down Hawaii Telescope Website

An apparent cyberattack Sunday temporarily disrupted the main website of Thirty Meter Telescope, the organization trying to construct one of the world’s largest telescopes near the summit of Mauna Kea on Hawaii’s Big Island. Thirty Meter Telescope spokeswoman Caroline Witherspoon …