"Cyber Liability Insurance" Archives

  1. Cyber Risks

    by Cameron Bramwell

    Data Breaches Increasing at a Record Pace According to a recent report from the Identity Theft Resource Center and CyberScout, 791 data breaches were reported during the first half of 2017 in the United States alone, marking a 29 percent jump from the same period in 2016. The increasing rate of cyber breaches indicates that […]

  2. Privacy and Cyber Security

    by Cameron Bramwell

    Know the Risks The first step in protecting your business is to recognize basic types of risk: Hackers, attackers and intruders. These terms are applied to people who seek to exploit weaknesses in software and computer systems for their personal gain. Although their intentions are sometimes benign, their actions are typically in violation of the […]

  3. Cyber Liability Insurance: Leading Cause of Data Breaches- Employee Error

    by Cameron Bramwell

    When people think about data breaches, they tend think more about the illegal hacking into computer networks by individuals, criminal enterprises or even nation states, than they do about simple employee error. This makes some sense as hacking incidents seem to be more interesting and draw more media attention. Holding this belief, however, can cause […]

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  4. Cyber Security Biggest Concern Among Businesses

    by Cameron Bramwell

    Cyber-related concerns grew by more than 20 percentage points among consumers from last year, moving from the fifth-ranked to the third-ranked concern overall, in the third annual Consumer Risk Index conducted by  The Travelers Companies. One in four Americans say they have been the victim of a data breach or cyber attack, according to the […]

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  5. Cyber Liability Insurance

    by Cameron Bramwell

    Cyber Liability Insurance Cyber liability is a relatively new kind of insurance product, dominated by a handful of insurance carriers. Despite the current level and severity of data breaches, losses have not yet hit the levels previously forecast by IT security experts, and as such, there has been a general decline in cyber liability insurance […]

  6. Cyber Liability Insurance

    by Cameron Bramwell

    One of the biggest stories of the 2013 holiday shopping season had nothing to do with the hottest toys or the increased reliance on online shopping: Hackers infiltrated Target’s point-of-sale system in December and gained access to the credit and debit card information of 40 million customers and the personal information of 70 million more. […]