Litigation/Liability Trends
Post-WannaCry Risks: Lawsuits Over Lax Cyber Attack Protection
Businesses that failed to update Microsoft Windows-based computer systems that were hit by a massive cyber attack over the weekend could be sued over their lax cyber security, but Microsoft Corp. ...
Demand Should Soar for Cyber Insurance in Wake of WannaCry Attacks
Demand for cyber insurance is likely to soar in the wake of the WannaCry ransomware attacks that affected more than 300,000 computers in more than 150 countries around the world since May 12, Fitch ...
Group That Leaked ‘WannaCry’ Ransomware Attack Tools Threatens Release of More Malicious Code
Governments turned their attention to a possible new wave of cyber threats on Tuesday after the group that leaked U.S. hacking tools used to launch the global WannaCry "ransomware" attack warned it ...
Former AIG CEO Greenberg Loses Court Appeal Over 2008 Bailout Ruling
A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc during the 2008 financial crisis, in a defeat for former chief ...
Blame Brexit: 9,000 Bank Jobs Will Move From London to EU Over 2 Years
The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to ...
J&J Will Appeal $110M Talc Powder Cancer-Link Verdict
Johnson & Johnson was ordered by a St. Louis jury to pay more than $110 million to a Virginia woman who blamed her ovarian cancer on the company's talcum products. Imerys Talc America, which ...
Know Your Data and Other Cyber Risk Reduction Tips From Travelers and Symantec
With data breaches and business interruptions stemming from cyber-attacks now a significant worry for companies, there's one thing they can do to fight back: know their data. Travelers and cyber ...
Storm Damages Midwest Wheat Crop; More Heavy Rain to Come
Another round of rain is on the way for the water-logged Mississippi Valley, after a weekend storm that damaged wheat crops across the upper U.S. Great Plains. The bulk of the rain will be ...