Cyber Risk insurance

Insuring against Cyber Risk and Computer Crime

What’s the difference? Because we live and work in a computer-dependent world, every organization is at risk from cyber criminals and needs to take steps to protect critical data. Cyber criminals are adept at finding endless ways of infiltrating computers

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Cyber Risk insurance

Anthem Data Breach Gives Access to Prescription Drugs

Medical insurer and their customers are latest cyber crime victims Anthem, Inc., one of the country’s biggest health insurance companies, is the latest victim of a major data breach by cyber criminals. Anthem confirmed that customer and employee personal information

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Data Breaches Growing Rapidly

Tech Companies Uninsured Over the past several years, there have been over 225 million reported consumer data breaches. This year alone, there have been more than 30 million reported security breaches of consumer data. No one knows the actual numbers since it is suspected

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Cyber Risk insurance

Your Vendors Must Have Data Breach Controls

Information provided by The Hartford Do your organizations’ policies require vendors and associates to meet the same network security and data protections standards that your own organization follows?  They should, said Michael Dandini, senior vice president of The Hartford’s management

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Cybe risk insurance

The Information Superhighway

New Rules of the Road in California By: Michael Born, Claims Counsel – Media/Professional Insurance Have you ever been nearly run off the road by some driver who thinks the speed limit is only a suggestion and that he is

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Cyber risk management

Rising Demand For Cyber Liability Insurance Coverages

Cyber liability insurance isn’t just for information technology companies. Nearly every class of business should have it if they don’t already.  Many businesses including banks, restaurants, retailers, and medical offices are unaware of the security technology exposure they face. The

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Social Media exposure

Cyber Liability Insurance Needed for Social Network Scams

Cybercriminals are using phishing tactics to gain information from social network sites to tap into corporate networks to steal sensitive data that can result in breach of privacy lawsuits and the need for Cyber Liability insurance for both techs firms and regular businesses

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Social Media Risks To Businesses

Tips for overcoming social media marketing risks More businesses than not are using Facebook, Twitter, Pinterest, Tumblr and other social media sites for marketing purposes. Doing so involves risks that are often not taken into account. Below are examples of

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Cyber risk insurance

Escalating Need For Cyber Liability Insurance

Small and large companies require protection from data breaches The rise in cyber liability claims is a frequency issue as well as severity. Remedies for data breach now cost $202 per record. More than half of companies with less than

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Property insurance

Are Your Laptops Secure?

Laptops are the most common source of data breach Many employees disable the encryption solutions on their laptops, putting their employers at risk for data breaches, according to a study by Absolute Software Corp. and The Ponemon Institute. The study specifies

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