Zurich Insurance has released the ninth annual Advisen cyber survey of corporate risk managers and insurance buyers revealing current views about information security and cyber risk management. A key finding of the 2019 survey is that business interruptions due to cyber events are a top concern. That concern is driving a desire for increased cyber… Continue reading Cyber-related Business Interruption Now a Top Concern of Risk Managers: Zurich
Tag: cyber liability
The Hanover Expands Specialty Portfolio with New Cyber Product
The Hanover Insurance Group, Inc. announced the launch of Hanover Cyber Advantage Premier, a new stand-alone, non-admitted cyber product for commercial lines agents and their clients. This new coverage is part of The Hanover’s continued investment in its existing cyber business, providing its agent partners with access to robust, specialized and complementary products for today’s… Continue reading The Hanover Expands Specialty Portfolio with New Cyber Product
Cyber Threats Are Top Overall Business Concern: Travelers Risk Index
The Travelers Companies, Inc. today announced the results of the 2019 Travelers Risk Index, which found that cyber risks are the top concern among businesses of all sizes for the first time since the survey began in 2014. Of the 1,200 business leaders who participated in the survey, 55% said they worry some or a… Continue reading Cyber Threats Are Top Overall Business Concern: Travelers Risk Index
Mercury Insurance Launches Home Cyber Protection Coverage for Californian’s Homeowners and Renters
Today, Mercury Insurance announced that it is offering home cyber protection coverage to homeowners and renters in California. This new coverage will provide Mercury policyholders with significant cyber insurance protection that includes payment and security solutions for computer and home system attacks, cyber extortion, online fraud and the breach of personal information involving smartphones, computers… Continue reading Mercury Insurance Launches Home Cyber Protection Coverage for Californian’s Homeowners and Renters
Reinsurers’ Silent Cyber Concerns Ease in 2019: Wills Re Survey
The reinsurance sector is considerably less concerned about silent cyber exposures than it was in 2018, according to an annual global survey by Willis Re, the reinsurance division of broker Willis Towers Watson. Analysts believe that the fall in silent cyber claims expectations could stem from the absence of wide-scale cyber events in the 12… Continue reading Reinsurers’ Silent Cyber Concerns Ease in 2019: Wills Re Survey
Facebook Failed to Warn Users of Known Risks before 2018 Breach: Court Filing
Facebook users suing the world’s largest social media network over a 2018 data breach say it failed to warn them about risks tied to its single sign-on tool, even though it protected its employees, a court filing on Thursday showed. Single sign-on connects users to third-party social apps and services using their Facebook credentials. The… Continue reading Facebook Failed to Warn Users of Known Risks before 2018 Breach: Court Filing
Automakers Warm Up to Friendly Hackers at Cybersecurity Conference
At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions. Those efforts at the DEF CON security convention in Las Vegas this weekend are sponsored by carmakers and… Continue reading Automakers Warm Up to Friendly Hackers at Cybersecurity Conference
New Risk Guidance Being Developed for Cybersecurity, Compliance
A key standard-setter on internal controls is preparing to publish a set of guidelines for companies on how to manage cybersecurity and other enterprise risks. The new guidance from the Committee of Sponsoring Organizations of the Treadway Commission is expected to address how companies can apply the principles of enterprise risk management, or ERM, to… Continue reading New Risk Guidance Being Developed for Cybersecurity, Compliance
Social Security Scams Add to Capital One Hack Concern
Scams aiming to steal people’s Social Security numbers have proliferated this year, adding to worries about identity theft created by this week’s hack at Capital One Financial Corp. and other high-profile data breaches. Federal data show scams targeting Social Security numbers have become one of the most common scams so far this year, overtaking attempted… Continue reading Social Security Scams Add to Capital One Hack Concern
Hackers’ Latest Target: School Districts
Some hackers demand ransom; others sweep up personal data for sale to identity thieves. But whatever hackers’ motives, school systems around the country have been the targets of their cyberattacks. One attack forced the Houston County School District in Dothan, Ala., to delay the first day of school for 6,400 students. Others crippled computer systems… Continue reading Hackers’ Latest Target: School Districts