CTO / Technology
What Should Carrier Execs, Directors Ask About Terror Risk?
As carrier executives and members of carrier boards work to get more comfortable with the risks their property/casualty insurance enterprises are taking on, one risk they will likely want to ...
Facebook Admits Year-Long Data Breach Exposed 6 Million Users
Facebook Inc. has inadvertently exposed 6 million users' phone numbers and email addresses to unauthorized viewers over the past year, the world's largest social networking company disclosed late ...
Towers Watson Looks Beyond Jihadi Terrorism with New Risk Model
If you ask Towers Watson's Chris Holt, one of the architects of a new terror model, what he fears when he goes to work each morning, the former British Army bomb-disposal officer will respond ...
Mini Flash Crashes Caused By Sloppiness, Not A Broken Market: SEC
Unexplained rapid price drops in single stocks have generally been triggered by human error, not nefarious trading activity or high-speed trading algorithms gone wild, an official at the U.S. ...
Microsoft Offers Hefty Bounties To Thwart Hackers
Microsoft Corp. is looking to recruit computer geeks in its ongoing efforts to protect Windows PCs from attacks, offering rewards of as much as $150,000 to anybody who helps identify and fix major ...
Insurers Surveyed Not Confident In Ability To Manage Emerging Risks: Towers Watson
According to a recent survey of 500 global insurance executives conducted by Towers Watson recently, most believe they are ill-prepared to face emerging trends of attracting talent, using advanced ...
Cyber Disclosure To SEC Not Universal; Even Insurer Fails To Report: Willis
A majority of the U.S. listed Fortune 500 firms are following the U.S. Securities and Exchange Guidelines by providing some level of disclosure regarding cyber exposures, but disclosure is not ...
Dark Clouds Forming; Data Security Hurricanes Ahead For Cyber Insurers
Data security and privacy (cyber liability) insurance has become one of the hottest topics for the insurance industry and an area of growth for an industry emerging from a soft market. While data and ...