The vast cyberattack in Washington began with, of all things, travel reservations. More than two years ago, troves of personal data were stolen from U.S. travel companies. Hackers subsequently made off with health records at big insurance companies and infiltrated …
Most midsize business leaders view a data breach among their top risks and a majority consider IT security ‘very important’ when selecting a supplier, according to The Hartford’s survey of midsize business owners and C-level executives. They have good reason …
Due to the tremendous publicity and new information regarding the impact of a cyber attack, organizations have placed greater emphasis on developing risk management strategies to proactively address these exposures. The Risk Management Society (RIMS), conducted its first Cyber Survey …
The Obama administration should retaliate for a cyberattack on federal employee records that was the worst breach the U.S. government has ever suffered, members of Congress said on Sunday. “There has to be a price to pay for this,” Representative …
Because workers’ comp data includes Social Security numbers, demographic and personal health information a data breach could expose employers and carriers to “millions of dollars in litigation, damage control and repair costs,” write the authors of a new GENEX whitepaper. …
Cyber attacks and data breach triggers are changing as are the risk management strategies to address them, according to ACE Group. The company released the changes and their impact on forensics costs. “Our claims and underwriting data demonstrates that the …
Companies that share information on hacking threats with each other and U.S. law enforcement would be shielded from lawsuits under a House bill passed Wednesday over the objections of privacy advocates. The U.S. Chamber of Commerce, American Bankers Association and …
Cyber risk lands in the top ten for the first time in Aon’s latest global risk survey, according to Aon Risk Solutions. Damage to brand and reputation was cited as the top overall concern facing global organizations, further underscoring the …
When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack. If hackers are portrayed as well-funded geniuses, victims look less vulnerable, security firms can flog their products …
The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director Michael McRaith assured an industry crowd on March 17. …