Marriott says guests’ names, loyalty account information and other personal details may have been accessed in the second major data breach to hit the company in less than two years. Marriott said Tuesday approximately 5.2 million guests worldwide may have been affected. The information taken may have included names, addresses, phone numbers, birthdays, and loyalty… Continue reading Marriott Says New Data Breach Affects 5.2 Million Guests
Tag: Cyber Liability insurance
Cyber Insurance Market Is Booming Worldwide: Report
The Global Cyber Insurance Market Size, Status and Forecast 2025 report by HTF Marketing Intelligence studies the global Cyber Insurance market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Cyber Insurance market by companies, region, type and end-use industry. Cyber insurance is a product used to protect… Continue reading Cyber Insurance Market Is Booming Worldwide: Report
Zurich Teams Up with Global Security Specialist to Expand Cyber Protection Offering
Zurich Insurance Group (Zurich) has created a new offering together with cybersecurity company CYE to shield businesses against the growing risks of cyber-crime. Zurich Cyber Security Services addresses the full spectrum of cyber-risks by helping businesses define and deploy effective cyber risk management programs. It combines Zurich’s specialist cyber insurance and risk engineering capabilities with… Continue reading Zurich Teams Up with Global Security Specialist to Expand Cyber Protection Offering
Ransomware Attack Exposes Poor Energy-Sector Cybersecurity
The energy sector remains vulnerable to cyberattacks despite years of threats, as illustrated by an alert issued last week by the Department of Homeland Security. The alert from the department’s Cybersecurity and Infrastructure Security Agency described a ransomware attack on an unnamed natural-gas pipeline operator that halted operations for two days while staff shut down,… Continue reading Ransomware Attack Exposes Poor Energy-Sector Cybersecurity
Hackers Trick Victims Into Big Wire Transfers
In 2018, Frank Krasovec took on a $1 million personal line of credit from PlainsCapital Bank. A few months later, he went on a business trip. When he returned, $450,000 was missing. Mr. Krasovec, the chairman of Dash Brands Ltd., which owns Domino’s Pizza Inc. franchises in China, said he soon learned that someone had… Continue reading Hackers Trick Victims Into Big Wire Transfers
Cyber Insurance Leader At-Bay Raises $34M in Series B Funding
At-Bay, the cyber insurance company for the digital age, today announced a $34 million Series B funding round, led by Acrew Capital and Munich Re Ventures, through its HSB fund. Existing investors Khosla Ventures, Lightspeed Venture Partners, and entrepreneur Shlomo Kramer also participated in the round. With the new investment, At-Bay has raised a total… Continue reading Cyber Insurance Leader At-Bay Raises $34M in Series B Funding
MGM Resorts Data Breach Exposes Personal Info of 10.6 Million Guests
Were you hacked at your last stay at an MGM Grand property? Personal data details of some 10.6 million guests was reportedly posted on a hacker forum this week. MGM confirmed that the breach took place last year. It says the company reported the breach to residents of states that require reporting of breaches of… Continue reading MGM Resorts Data Breach Exposes Personal Info of 10.6 Million Guests
U.S. District Court Upholds Insurance Claim Following Cyber Attack
The U.S. District Court for the District of Maryland ruled that an insurance carrier should pay out on coverage it sold to a client whose computer system was damaged by a ransomware attack. According to the Memorandum Opinion, the client – an embroidery and screen printing business – suffered a ransomware attack in December 2016… Continue reading U.S. District Court Upholds Insurance Claim Following Cyber Attack
SEC Urges Better Cybersecurity Practices at Financial Firms
The Securities and Exchange Commission is telling financial-services companies what kind of cybersecurity practices it has found during audits, giving them detailed information on how to handle sensitive data and guard against cyberattacks. The observations by the SEC are the latest in a string of moves by regulators and government agencies that demonstrate they are… Continue reading SEC Urges Better Cybersecurity Practices at Financial Firms
Mitsubishi Electric Discloses Security Breach
In a short statement published today on its website, Mitsubishi Electric, one of the world’s largest electronics and electrical equipment manufacturing firms, disclosed a major security breach. Although the breach occurred last year, on June 28, and an official internal investigation began in September, the Tokyo-based corporation disclosed the security incident today, only after two… Continue reading Mitsubishi Electric Discloses Security Breach