data breach News
Insurers Struggling With Cyber Risk Market; Staffing an Issue
Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market, but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. ...
Company Data Breach Now Costs $3.5M on Average: Ponemon Study
The average cost of a corporate data breach increased 15 percent in the last year to $3.5 million, according to a study by the Ponemon Institute. The study also found that the cost incurred for each ...
Chubb Survey: Execs Worry About Overseas Expansion Risks
As U.S. and Canadian businesses plan to expand their business overseas this year, their executives are worried about supply chain failures, data breaches and political instability, according to a ...
Casualty Actuarial Society Forms Cyber Risk Task Force
The Casualty Actuarial Society has announced the formation of the Task Force on Cyber Risk, an initiative that reflects the rapid growth of cyber risk and the pressing need to find effective means of ...
ID Experts, Enquiron Unveil Online Resource for Cyber Insurers to Address Client Breach Issues
ID Experts, a provider of data breach software and services, has developed Virtual Privacy Expert, an online, one-stop resource to equip cyber insurance carriers with hands-on tools and information ...
MasterCard, Visa Form Group to Push for Better Card Security
Visa Inc. and MasterCard Inc. have launched a cross-industry group to improve security for card transactions and press U.S. retailers and banks to meet a 2015 deadline to adopt technology that would ...
Suspected Russian Spyware Turla Targets Europe, United States
A sophisticated piece of spyware has been quietly infecting hundreds of government computers across Europe and the United States in one of the most complex cyber espionage programs uncovered to date. ...
Visa CFO Says Industry Fraud Costs to Soar as Hackers Innovate
Payment networks, retailers and banks will continue to face significant costs to address fraud as hackers find new ways to steal data, according to Byron Pollitt, chief financial officer of Visa Inc. ...