Cyber news discusses the latest cyber risk issues facing the insurance industry. Read about cyber regulation, cyber insurance trends, hactivism, cyber solutions and more.
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Insurance coverage for cyber risk – both first-party and third-party loss – is a burgeoning type of insurance many major carriers are now offering to their policyholders. 510 more words
When Henry Ford started churning out Model Ts on his assembly line in 1908, there hadn’t been an automobile fatality in nearly 40 years — not since Mary Ward was run over by a steam-powered car in Ireland in 1869. 614 more words
On September 11 Alston & Bird, a law firm, hosted an event in D.C. on the evolving cyber insurance market. Speakers addressed a few key questions, including whether cyber insurance coverage could be reasonably priced and whether cyber insurance could require companies to take protective measures, as is currently the case in fire insurance. 316 more words
I wrote a post that discusses the disclosure of so-called “Backoff” malware by the Department of Homeland Security. I also discuss and how insurance might apply to retailers and card processors facing a data privacy incident (or a data breach) with allegedly exposed credit cards, debit cards, and payment cards in general as a result of a Backoff malware attack. 28 more words