cyber insurance News
Marriott’s Massive Privacy Breach Could Lead to a $124M UK Fine
The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the U.K. cracked down on privacy breaches with its second major ...
Lloyd’s Seeks Clarity Regarding Insurance Policies With Cyber Cover
Lloyd's of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both ...
Data Breaches Take Months to Discover, but They Happen Within Minutes
While it typically only takes a short amount of time for a successful breach to compromise data, the amount of time it takes for a breach to be discovered is more likely to be months. This means ...
Dutch Agency Warns State-Backed Cyber Espionage Is Becoming Escalating Threat
The Dutch intelligence agency (AIVD) on Thursday warned of the escalating threat of state-backed cyber espionage, saying the Netherlands was particularly vulnerable as a hub for international ...
Moody’s, Israel’s Team8 Link Up to Create Global Cyber Risk Assessment Standard for Businesses
Ratings agency Moody's Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global ...
Report: China Hacked Eight Major Computer Services Firms to Steal Commercial Secrets
Hackers working for China's Ministry of State Security broke into networks of eight of the world's biggest technology service providers in an effort to steal commercial secrets from their clients, ...
Cyber Insurance Underwriters Face Ongoing Challenge of Insufficient Historical Data
While there are "huge opportunities" on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. "It's ...
World’s Biggest Beer Brewer Opens Israeli Cybersecurity Unit to Help Counter Attacks
Anheuser-Busch InBev (AB InBev), the world's largest beer maker, said on Thursday it was opening a cybersecurity unit in Israel to help protect itself from a growing number of attacks. Israel is a ...