cybersecurity News

Cyber Insurance Will Reshape Cybersecurity

Cybersecurity is broken. It’s a bold statement, but given the increasing frequency of cyber breaches, along with the presence of more varied and evolving threats, there is growing uncertainty about the ability of the cybersecurity industry to protect its customers. …

CFC Acquires Cyber Incident Response Provider, Solis Security, in Austin

CFC, a UK-based specialist insurance provider and pioneer in emerging risk, has expanded its in-house cyber incident response capabilities with the acquisition of Solis Security, an incident response provider headquartered in Austin, Texas. CFC said its in-house cyber claims and …

New York Files Suit Against Dunkin’ Donuts Over Security Breaches

Dunkin’ Donuts violated state law by not notifying almost 20,000 customers, including more than 2,000 in New York, about cyberattacks on their accounts in 2015 and inadequately warning more than 300,000 customers in 2018 about another attack, the New York …

As Breaches Rise, So Do Cybersecurity Pros’ Paychecks

It took a $650,000 salary for Matt Comyns to entice a seasoned cybersecurity expert to join one of America’s largest companies as chief information security officer in 2012. At the time, it was among the most lucrative offers out there. …

A Year after GDPR, How Can U.S. Insurers Prepare for Data Privacy Regs Closer to Home?

More than a year after The General Data Protection Regulation (GDPR), a regulation in EU law on data protection and privacy for all citizens of the European Union, was implemented in May 2018, some U.S. insurers are examining what they …

Viewpoint: What Insurance Industry Should Acknowledge About Small Business Cyber

The 2018 Verizon Data Breach Investigations Report cited that 58% of cyber-attack victims were small businesses, and the 2019 Symantec Internet Threat Report stated that employees working at small businesses were more likely to be targeted by email threats (e.g., …

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 …

U.K. Networks Could Become Less Secure if Huawei Is Banned, MPs Say

Barring Huawei Technologies Co. from operating in the U.K. could lower security standards and make networks less resilient to malicious attacks, according to Parliament’s intelligence and security committee, which urged the government to speed up its decision on the Chinese …

Marsh Partners with Insurers on Program to Help Firms Pick Best Cybersecurity Products

What the insurance industry has done for auto and building safety products, insurance broker Marsh wants to extend to cybersecurity products. That is, recommend the cybersecurity products that are the most effective. The program, named Cyber Catalyst, calls on leading …

CIA Says China, Russia Pose Biggest Cyber Attack Threats to U.S.

Russia and China pose the biggest espionage and cyber attack threats to the United States and are more aligned than they have been in decades, the leader of the U.S. intelligence community told U.S. senators on Tuesday. While the two …