Marriott International Inc. said fewer customers were affected in a massive data breach than initially feared but confirmed that hackers had compromised the passport numbers of millions of people in what security analysts have described as a potential foreign-intelligence gold mine. Marriott, the world’s largest hotel company, disclosed in November that a hack in the… Continue reading Marriott Says Hackers Swiped Millions of Passport Numbers
Tag: cyber insurance
Marsh Launches Next-Generation Cyber Self-Assessment Tool
Marsh, a global leader in insurance broking and innovative risk management solutions, today announced the launch of its next-generation online cyber self-assessment tool. The tool incorporates the latest insights on cybersecurity best practices to provide clients a robust cybersecurity program diagnostic and serve as a single application for cyber insurance, streamlining the procurement process. The… Continue reading Marsh Launches Next-Generation Cyber Self-Assessment Tool
Cyber Insurance Market Set to Grow Significantly in Asia-Pacific: Zurich
Cyber and data risks are among the top concerns for global businesses and the cyber insurance market is set to grow significantly, especially in the Asia-Pacific area, Zurich Insurance said. Across Europe, East Asia and the Pacific, cyber-attacks ranked the number one threat to doing business, and they also top the concerns of organizations in… Continue reading Cyber Insurance Market Set to Grow Significantly in Asia-Pacific: Zurich
Hackers Threaten to Dump Insurance Files Related to 9/11 Attacks
On Monday, New Year’s Eve, a hacker group announced it had breached a law firm handling cases related to the September 11 attacks, and threatened to publicly release a large cache of related internal files unless their ransom demands were met. The news is the latest public extortion attempt from the group known as The… Continue reading Hackers Threaten to Dump Insurance Files Related to 9/11 Attacks
Chubb Report Details Timely Risks Facing Retailers During the Holiday Season
According to the latest Chubb Cyber InFocus Report, retailers typically see a 35% increase in the number of cyber attacks during the holiday season. And the risks are not lessening over time — there has been a 116% increase of reported retail cyber claims since 2011. Chubb’s quarterly Cyber InFocus report first launched in early… Continue reading Chubb Report Details Timely Risks Facing Retailers During the Holiday Season
AIR Estimates Losses for the Marriott Breach Between $200M-$600M
Catastrophe risk modeling firm AIR Worldwide estimates that the direct cyber incident losses for the Marriott breach will be between $200 million and $600 million. AIR’s loss estimates are based on the assumption that 500 million records were stolen, as Marriott has reported. The range of loss estimates reflects the uncertainty about the data that… Continue reading AIR Estimates Losses for the Marriott Breach Between $200M-$600M
Munich Re Selects DXC Technology to Bolster Cyber Insurance Solutions
Munich Re has chosen DXC Technology, the world’s leading independent end-to-end IT services company, to provide post cyber-attack services and expertise to insurers in the Asia Pacific region. Through this collaboration, Re will provide clients with holistic risk management solutions that extend beyond pure risk transfer to encompass post-incident response services for cyber threats or… Continue reading Munich Re Selects DXC Technology to Bolster Cyber Insurance Solutions
Marriott Breach Exposes Weakness in Cyber Defenses for Hotels
Long before Marriott International Inc. disclosed a massive security breach, the hotel industry had earned the dubious reputation as a hospitable place for hackers. Thieves have skimmed credit cards, looted loyalty accounts, and mounted complex schemes to trick clerks into downloading malicious software. In one elaborate series of attacks known as DarkHotel, networks at individual… Continue reading Marriott Breach Exposes Weakness in Cyber Defenses for Hotels
Social Platform Quora Says Data Breach Affected 100 Million Users
Users of Quora, the question-and-answer site, are asking today: Did my personal data just get stolen? The social platform said late Monday that the account information and private messages of around 100 million users may have been exposed when its computer systems were compromised by “a malicious third party.” Quora discovered the data breach on… Continue reading Social Platform Quora Says Data Breach Affected 100 Million Users
Marriott Data Breach Could Impact Up to 500 Million Guests
Marriott International Inc., the world’s largest hotel company, said it identified a data breach in its Starwood reservation system that may have exposed the personal information of up to 500 million guests. For roughly two-thirds of the guests who were possibly affected, an unauthorized party may have had access to names, addresses, phone numbers, email… Continue reading Marriott Data Breach Could Impact Up to 500 Million Guests