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We don't cover stupid, says cyber insurer that's fighting a payout

The nature and value of cyber insurance has been a closely watched debate in IT Security circles for some time.  Far too many organizations are hanging their hat and trusting their financial futures on having a large cyber insurance policy while ignoring the basic blocking and tackling of IT security best practices.  15 more words

Security News

We don't cover stupid, says cyber insurer that's fighting a payout

In 2013, California healthcare provider Cottage Health System discovered that security on one of its servers had been disabled, leaving tens of thousands of patients’ files potentially open and exposed on the internet. 865 more words


Cyber Liability Insurance-Does My Business Really Need It?

This is a legitimate question many business owners may keep asking themselves when they hear of another data breach occurring at a major retailer, healthcare provider or financial institution. 533 more words


Cyber Risk to Skyrocket Thanks to IoT, Cloud & Big Data

The 2015 Global Cyber Impact Report, released today by the Ponemon Institute and sponsored by Aon , found that information technology assets are 39 percent more exposed than property assets on a relative value to insurance protection basis. 354 more words


Sony and Zurich Reach Settlement in PSN Hacking Case

Sony Corp. of America and Zurich American Insurance Co. have reached a settlement in a commercial general liability (CGL) policy coverage case stemming from the notorious April 2011 hacking of Sony’s Play Station Network (PSN), according to court documents filed in New York recently. 412 more words


Cyber Coverage Complexity

The cyber insurance market is booming!

Customers want to either get a cyber policy for the first time or boost their coverage through higher limits and more endorsements. 246 more words