Tags » Cyber Insurance

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


Threats On The Rise But Still No Takers For Cyber Insurance

New insurance products launched to protect businesses from suffering the losses of cyber-attacks have been met with great skepticism, according to new figures revealed today. 310 more words


Please check out: "Will Insurance Cover Target's $19 Million MasterCard Settlement?"

I wrote a post that discusses card brand liabilities – the demands from payment card brands and payment card processors after a data breach of credit card and debit card numbers – and getting cyberinsurance to cover those liabilities.   53 more words

Cyber Insurance

Insurance Doesn’t Tackle Underlying Problem of Cyber Crime: Bloomberg

Focus is on the consequences, not the problem:

Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the same safeguards that protect the guitar-strumming hands of Keith Richards, the goal-scoring limbs of David Beckham and the most remarkable assets of Dolly Parton, rather than coming clean about the perils of data breaches or pooling information so that threats can be properly quantified and addressed. 16 more words

Cyber Attacks

Cybersecurity: Know the Terms

Vulnerability: Each year, the volume of software security vulnerabilities discovered increases, and hacking tools available to exploit vulnerabilities become more readily available and easier to use. 582 more words

Safety / Loss Control

Had A Fire, No Worries…Had A Cyber Breach, Big Problem

Cyber liability is fast becoming a common term for small to medium sized North Bay businesses. If you own a North Bay business with less than 50 employees you actually have a better chance of having a cyber-loss than you do of have a fire. 295 more words

California Business Insurance