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Cyber Insurance

Burning Down the House: Why is a Cyber Attack Different from a Fire Under the Law?

Daniel Garrie | Posted 06.09.2016 | Business
Daniel Garrie

This article was written by Daniel B. Garrie and Richard Borden. You are sitting at your desk and the fire alarm goes off. At first, you are annoyed...

Defending Data Post-Anthem

Brian E. Finch | Posted 04.14.2015 | Business
Brian E. Finch

Cyber criminals know that their electronic attacks are likely to be both successful and profitable, and therefore no one should expect any drop in the pace or intensity of such attacks. There are steps companies can take to minimize the losses associated with such attacks.

National Security Entrepreneurs Create Cyber Insurance

Bea Edwards | Posted 12.08.2014 | Politics
Bea Edwards

This configuration of secrecy and political connections is ideal for cashing in. In a field with billions of dollars in public money, no oversight and a corner on the expertise, Ridge, like Chertoff, Hayden and Alexander, is well-positioned to convert government funds into private profit.

Study Shows Businesses Not Prepared for Attacks

Robert Siciliano | Posted 07.27.2014 | Business
Robert Siciliano

Haven't companies learned from that giant retailer breach in December of 2013? That big retailer was left toppled. Companies don't realize that if they nickel-and-dime security, they'll get what they pay for.

Risk Reduction: No. 1 Concern of Bank Boards

Robert Siciliano | Posted 07.22.2014 | Business
Robert Siciliano

It's classically challenging for many banks to assess how risk management practices affect the institution. However, banks that have worked at measuring the impact of a risk management program report favorable outcomes on financial performance.

Ransomware Attacks Small Businesses

Robert Siciliano | Posted 07.20.2014 | Business
Robert Siciliano

The rate of malware (ransomware) attacks on small businesses climbs at an alarming rate. The security firm McAfee warns that soon, attacks that come t...

Courts side with Consumers in Data Breach

Robert Siciliano | Posted 07.01.2014 | Business
Robert Siciliano

In general, courts don’t tend to side with consumers in data breach incidents. However, a federal court in Florida is the apple among the oranges. I...

Cyber Insurance vs. General Liability

Robert Siciliano | Posted 06.10.2014 | Business
Robert Siciliano

One of the biggest data breaches of all time involved that of Sony Corp. The hackers stole confidential information from tens of millions of Sony Play...

Insurance Company fined BIG for Breach

Robert Siciliano | Posted 06.03.2014 | Business
Robert Siciliano

Why would an insurance company be fined for a data breach? There was a security breach at Triple-S Salud, Inc. (TSS), which is a subsidiary of Trip...

Gerry Smith

Cyber Insurance Offers Peace Of Mind From Digital Disaster

HuffingtonPost.com | Gerry Smith | Posted 11.30.2011 | Technology

Most businesses view Internet security as a combination of passwords, firewalls and antivirus software. But in a growing number of cases, those defen...

Hacking Blitz Drives Cyberinsurance Demand

Reuters | Ben Berkowitz | Posted 08.14.2011 | Technology

The recent string of sensational hacker attacks is driving companies to seek "cyberinsurance" worth hundreds of millions of dollars, even though many ...