DoorDash has confirmed a data breach. The food delivery company said in a blog post late last week that 4.9 million customers, delivery workers and merchants had their information stolen by hackers. The breach happened on May 4, the company said, but added that customers who joined after April 5, 2018 are not affected by… Continue reading DoorDash Confirms Data Breach Affected 4.9M Customers, Workers and Merchants
Tag: Cyber Liability insurance
Coalition Launches Leading Cyber Insurance Coverage for Middle Market Businesses
Coalition, the leading cyber insurance company for small and midsize businesses, announced it has expanded its cyber and technology errors and omissions coverage — previously only available to companies with less than $250 million in revenue — to include middle market companies with up to $1 billion in annual revenue. With cyber crime-related losses expected… Continue reading Coalition Launches Leading Cyber Insurance Coverage for Middle Market Businesses
Insurers Identify 17 Cybersecurity Solutions They Consider Effective in Reducing Cyber Risk
Marsh, the world’s leading insurance broker and risk adviser, today announced the inaugural class of cybersecurity solutions receiving a Cyber Catalyst℠ designation as part of a first-of-its-kind evaluation program designed to bring organizations greater clarity in the crowded cybersecurity marketplace. Cyber Catalyst by Marsh℠, launched earlier this year, convened leading cyber insurers Allianz; AXIS; AXA… Continue reading Insurers Identify 17 Cybersecurity Solutions They Consider Effective in Reducing Cyber Risk
AXA XL and Accenture Partner to Provide Cybersecurity Services to Clients
AXA XL and Accenture are partnering to offer global cybersecurity expertise to AXA XL’s underwriters, brokers and clients to strengthen their cyber capabilities and combat and recover from cyberattacks. AXA XL — AXA’s property & casualty (P&C) and specialty risk division — will tap into Accenture’s global cybersecurity capabilities, including its iDefense threat intelligence team,… Continue reading AXA XL and Accenture Partner to Provide Cybersecurity Services to Clients
Payouts from Insurance Policies Might Fuel Ransomware Attacks
The call came on a Saturday in July delivering grim news: Many of the computer systems serving the government of LaPorte County, Ind., had been taken hostage with ransomware. The hackers demanded $250,000. No way, thought County Commission President Vidya Kora. But less than a week later, officials in the county southeast of Chicago agreed… Continue reading Payouts from Insurance Policies Might Fuel Ransomware Attacks
Aon’s Cyber and Intellectual Property Solutions Recognized by Risk Managers as Top Industry Innovations
Business Insurance magazine recognized Aon plc, the leading professional services firm providing a broad range of risk, retirement and health solutions, with two 2019 Innovation Awards. The recognitions earned include Aon’s Cyber Quotient Evaluation (CyQu) and Intellectual Property liability insurance products – two solutions that demonstrate Aon’s market leading ability to advise clients on combating… Continue reading Aon’s Cyber and Intellectual Property Solutions Recognized by Risk Managers as Top Industry Innovations
Chubb Survey Finds Disconnect between U.S. Consumers’ Awareness and Actions toward Cybersecurity
A new study from Chubb finds that when it comes to cybersecurity, Americans are concerned, but not necessarily prepared to take the appropriate—and necessary—preventative steps to protect themselves from a cyber attack. According to Chubb’s Third Annual Cyber Report, which examined individuals’ comprehension of cyber risks and the steps they are taking to protect themselves,… Continue reading Chubb Survey Finds Disconnect between U.S. Consumers’ Awareness and Actions toward Cybersecurity
Social Engineering Drives Cybercrime Against Businesses
The cybercriminal who steals information or money from a small business is probably a master of deception and manipulation as well as a techno-expert. When Nancy Butler got a call from someone claiming to be from her information technology service two years ago, she assumed it was a routine checkup by a legitimate staffer. So,… Continue reading Social Engineering Drives Cybercrime Against Businesses
U.S. Cyber Insurance Market is Growing, But Can Industry Solutions Keep Up with the Threat?
Insurers continue to refine and evolve the underwriting and products for cyber threats, along with incubating an ecosystem of services. The cyber threat, however, is evolving at a rapid pace, enhanced by the explosive growth in technology advancements, according to a new study by Conning. “While cyber premium has been growing, there are challenges to… Continue reading U.S. Cyber Insurance Market is Growing, But Can Industry Solutions Keep Up with the Threat?
Baltimore Transfers $6M to Pay for Ransomware Attack; City Considers Cyber Insurance
Baltimore officials on Wednesday voted to transfer $6 million from a fund for parks and public facilities to help pay for the devastating impact of the May ransomware attack on the city. The funds will help pay for “cyber-attack remediation and hardening of the environment,” according to the city’s spending panel, the Board of Estimates,… Continue reading Baltimore Transfers $6M to Pay for Ransomware Attack; City Considers Cyber Insurance