California-based Quadrant Information Services, a provider of big data technology for the property/casualty insurance industry, warns that digitization is a two-edged sword: with increased capability comes an increased danger of expensive—and possibly actionable—data security breaches. Breaches of data security are …
An undisclosed number of people who used credit cards at 20 Hyatt, Sheraton, Marriott, Westin and other hotels in 10 states and the District of Columbia may have had their cards compromised as a result of hack of the hotels’ …
A famed hacker who nearly 20 years ago told Congress he could take down the internet in 30 minutes is now going after the computer software industry, whose standard practices all but guarantee that most products will be vulnerable to …
Financial institutions are increasingly being targeted by hackers, according to the latest Beazley Breach Insights – July 2016 findings based on its response to client data breaches in the first six months of 2016. A provider of data breach response …
Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thieves, The Home Depot Inc. says in a new federal lawsuit. It’s the latest giant retailer to raise the security concerns, with a …
For 10 days in February one hospital’s records hung in limbo. At Hollywood Presbyterian Medical Center in California, a ransomware attack kept health care records in control of anonymous hackers, until hospital officials paid $17,000 to take back their system. …
Do your privacy policies give a clear, conspicuous and accurate statement of the company’s practices? The major federal privacy statute applicable to insurers is Gramm-Leach-Bliley, 15 U.S.C. § 6801 et seq., which applies to all financial services companies. A number …
As construction contractors incorporate project design and digital technologies into their businesses, Chubb has issued an advisory to help them understand and manage emerging professional liability and privacy and network security exposures. Co-authored by two Chubb executives, the advisory, “New …
Cyber thieves who steal credit and debit card numbers are making millions of dollars in profits, fueling a global criminal enterprise marked by the high-profile data breaches of major companies such as Target and Home Depot. Thomas J. Holt, Michigan …
The Obama administration is creating a new high-level federal official to coordinate cybersecurity across civilian agencies and to work with military and intelligence counterparts, as part of its 2017 budget proposal announced Tuesday. The $19-billion increase in cybersecurity funding across …