information security News

Beazley Taps AIG’s Tigleanu as Data Breach & Information Security U/W

Beazley, a specialist in data breach response insurance, has appointed Monica Tigleanu as an underwriter focused on data breach and information security coverage for US companies out of its London headquarters. Beazley has helped clients handle over 5,000 breaches since …

Uber Prepares for First Public Hearing in New York Over Disclosure Rules

Uber Technologies Inc. is starting off the year preparing for a new political fight. As New York City seeks more information about ride-hailing drivers’ activities, it’s shaping up to be Uber’s second major conflict with the administration of Mayor Bill …

Firms Should Look Closely at Data Practices, New York Conference Panelists Say

Panelists at the 2016 Professional Liability Underwriting Society (PLUS) Cyber Liability Symposium held Tuesday at the Hilton Midtown in New York City urged companies to take a closer look at data aggregation practices as regulators have begun to take a …

New York Cyber Conference Panelists Stress Importance of Unified Cybersecurity Plan

As cyber attacks become a growing concern with advances in technology, firms should be working to establish a cybersecurity plan that is cohesive across business operations to effectively reduce damage and cyber insurance claims, according to panelists at the 2016 …

Trump Hotels Settles with New York Attorney General Over Data Breaches

Trump International Hotels Management LLC agreed to pay $50,000 to settle with New York State over data breaches that exposed 70,000 credit card numbers and other personal information, New York Attorney General Eric Schneiderman announced on Friday. The company, which …

Technology Dominates Texas-Based Group’s Fraud Predictions for 2015

Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Austin, Texas-based Association of Certified Fraud Examiners (ACFE) who were asked for their top fraud …

Hackers Increasingly Target Banks, Corporations Instead of Consumers

Hackers are increasingly stealing directly from banks and other companies and helping organized crime to operate more efficiently, according to the chief of cyber-security firm Kaspersky Lab. Examples range from infecting cash machines to dispense all their money to thieves, …

Companies Should Assume Cyber Attackers Are Already Inside: McAfee

Companies seeking to shield valuable data from criminals and government spying should assume the attackers have already penetrated their systems and adjust defensive strategies, security firms McAfee and Symantec Corp. said. “You must assume something is going on and you …

LIU Partners with BitSight Technologies to Provide Information Monitoring to Insureds

Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has collaborated with BitSight Technologies to provide LIU Data Insure policyholders with current ratings on their company’s information security health to help better protect their sensitive business and customer data. Through …

Advisen: Historians May See 2013 as ‘Cyber Tipping-Point’

Historians may look at the year 2013 as a “cyber tipping-point” — the point at which businesses and governments finally realized the severity of the threats they were facing, according to Advisen, a New York-based commercial insurance research and data …