Insurers have yet to develop an evidence-based method to assess a company's cyber risk profile. This has resulted in high premiums, low coverage, and broad exclusions.
Cyber insurance is one...
A group called Rex Mundi is threatening to release stolen customer account information unless it gets $41,000.
By Dylan Love, Business Insider
A hacker group called Rex Mundi...
Do you still shop at Target? There’s been controversy over how much of an impact the massive breach of 40 million credit and debit card numbers in late 2013 had on the company’s shareholders...
Experts argue the need for response over detection - with a large side order of insurance to counter the Open SSL insecurity issue.
Open SSL insecurity - can cyber insurance fill the gaps?
The...
The recent data breach by Target, the second largest in retail history, offers some very important lessons in how to do and hownot to do crisis communication.
Let’s review the message...
Business insurance is a boring but necessary element to any business. Yet knowing there have been more than half a billion data breaches in the past nine years, business owners may want to take...
The Ponemon Institute has released its 2014 Cost of Data Breach Study: Global Analysis. The Ponemon 2014 study, (additional registration is required), offers fascinating...
When a data breach occurs and millions of users’ information is compromised, someone has to take the blame for it.
Target Corp. CEO Gregg Steinhafel on Monday resigned from his...
The following is a roundup of healthcare data breaches reported in the last 30 days, beginning with the most recent:
1. Laptops Stolen from New York Podiatrist's Office Contained 6,475...
Back to the Beginning: Moving Beyond Breaches
There’s a saying in the cybersecurity industry that there are two types of businesses today: Those that have been breached and know it and those that...
Bboard members should not expect a free pass. The reputation damage and soft costs from a data breach can be immeasurable.
Board members can face liability, either for taking an action or...
Incidents of data theft are on the rise, as are the costs associated with them. A 2012 survey conducted by the National Cyber Security Alliance and McAfee found that one in...
The new European Union data protection regulation to replace the outdated 1995 directive will not be finalised before May's European Parliament elections.
The council of ministers’ lawyer is...
By Matt Egan
Published March 20, 2014
FOXBusiness
Investors cringe when a company they own, such as Target (TGT) or Las Vegas...
It sounds like IT, not marketing! Data breach, identity protection, customer security – these are terms that never concerned marketers much. The breaches that retailers Target, Neiman Marcus, Zappos,...
By Michael Riley, Ben Elgin, Dune Lawrence, and Carol Matlack
March 13, 2014
The biggest retail hack in U.S. history wasn’t particularly inventive, nor did it...
New risks and high-profile data breaches have more companies looking to buy cyber liability coverage in a market that's giving them more bang for their cyber buck.
On Dec. 23, the last...
(Reuters) - Boeing Co (BA.N) on Wednesday unveiled a smartphone that appears to come straight from a James Bond spy movie.
In addition to encrypting calls, any attempt to open the...
Joe Raedle/Getty Images
Target...
The widespread security breach reportedly compromised 40 million credit and debit cards, which are costing banks a pretty penny to reissue.
Not only were as many as 110 million Target customers...