Data Breach

October 5, 2015
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By Edward Iwata

Since the dawn of the Internet Age, technology giants have stormed into old industries. They’ve revolutionized business models. They’ve even crushed some traditional companies. Could the same scenario unfold in the insurance field?

Maybe.

A recent...

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October 2, 2015
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There’s been a lot of talk about cyber security lately, from email hacks at the Pentagon to breaches at insurance carrier databases. But big corporations and the government aren’t only at risk. Small and midsized businesses also must make data and network protection a top priority. If you still haven’t developed a plan to safeguard your company’s information assets, here are the top five reasons cyber security matters for SMBs.

1 – Your reputation...

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September 18, 2015
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Criminal cyber attacks on healthcare information repositories have increased 125% since 2010. With the announcement of the Excellus breach last week, the total number of big-headline medical information compromises reported in 2015 (such as Anthem, Primera, Carefirst) had crossed the mind-blowing demarcation line of 100 million files.

The Excellus breach exposed the names of clients as well as their dates of birth, Social...

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September 1, 2015
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The grim warnings from cyber security and risk management experts are clear: The potential financial losses from cyber attacks should be taken as seriously as the carnage wreaked by fires, floods, hurricanes and earthquakes.

As more businesses explore buying cyber insurance to cushion the impact of cyber crimes, there are dozens of key factors to weigh before taking the plunge. Here are six tips for businesses seeking cyber...

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September 1, 2015
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Companies in the financial services, healthcare and retail industries were first to recognize the need for cyber liability insurance coverage because their valuable data is prized by hackers.

While they created initial demand for cyber liability insurance coverage, businesses in other sectors felt that cyber insurance was not needed.

Now, as cyber threats and costs continue to rise,...

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September 1, 2015
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Cyber liability exposures are becoming a fact of life for organizations of all sizes and industries.

Consider major data breaches recent years: Target, Home Depot, Neiman Marcus, Sony Pictures, JP Morgan, Morgan Stanley, Community Health Systems, Anthem and Premera Blue Cross. And that’s the tip of the iceberg.

Costs are exorbitant. The global cost of a breach is rising nearly 3 percent a...

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August 30, 2015
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By Joe Salpietro

Companies from small startups to international corporations in every industry are facing increased cyber risks. Hackers are employing a number of methods to steal valuable financial and medical data, from attacks on corporate data to stealing unprotected smartphones and laptops. No business or industry is immune.

Insurance carriers are responding with a range of cyber policies aimed at mitigating the risks of today’s hyper-connected...

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August 28, 2015
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When it comes to cybersecurity, we are all in a state of emergency, but the real question is – is anybody listening?

A recent poll commissioned by Intercede, a digital security company, asked more than 1,000 men and women between the ages of 16-35 (aka millennials) in the U...

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July 29, 2015
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It's easy to become immune to the frequent headlines about data breaches that compromise consumers' personal data.

That's why we give props to The New York Times reporters Josh Keller, K.K. Rebecca Lai, and Nicole Perlroth for their interactive graphic How Many Times Has Your...

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July 27, 2015
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By Robert Lemos

Protecting sensitive data and systems is a tough job for large companies, even for those firms with a dedicated information security manager or team of skilled professionals.

For the numerous smaller firms and less-affluent larger companies, it’s a Sisyphean effort, made worse by the current...

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