A tough race: Protecting clients against risks associated with information technology system failures is a leading concern of the insurance industry, underwriters and brokers told risk managers at the RIMS 2015 Conference. Steve McGill, group president with Aon, an insurance and reinsurance brokerage based in the United Kingdom, said more companies offer cyber insurance. But the rapid rise of cyber threats may make it difficult for insurers to stay ahead of the curve. “...Read More
Las Vegas casinos are renowned for their stringent physical security. Security cameras and bouncers don’t necessarily discourage cyberattacks, however, and a major Vegas property disclosed this weekend that hackers had spent the past seven months stealing credit card data from its systems.The Hard Rock Hotel & Casino Las Vegas... Read More
Eight isn’t great: A class-action lawsuit says hackers had access to Premera Blue Cross systems for about eight months before they were detected. The insurance company said on March 17 that hackers might have gained access to the personal information of 11 million people, including names, dates of birth, Social...Read More
Driven by the fallout of major data breaches at Target, Sony Pictures, Anthem and hundreds of other large and small organizations, cybersecurity is now a problem of strategic importance in organizations of all sizes.
ThirdCertainty sat down last week at the RSA Conference in San Francisco with Howard Schmidt, former White House Cybersecurity Advisor under...Read More
Open or shut? The balance between security and privacy has been a dominant theme at RSA 2015, with a lot of discussion about the government’s desire for a “back door” to access data and cryptographers’ efforts to preserve privacy Massachusetts Institute of Technology professor Ron Rivest argued that if the U.S. government gets a key to private data, other governments would demand the same access. Source:...Read More
Just a pinch of punishment: AT&T’s $25 million settlement with the Federal Communications Commission isn’t enough to prompt other companies to take stronger security measures, some cybersecurity experts said. Tripwire’s Chris Conacher called it a “slap on the wrist” for the telecom giant, which reported revenue of $34.4 billion for the fourth quarter of 2014. AT&T had breaches involving mobile customers’ personal data at three call...Read More
No one will be watching you: When Sen. Rand Paul, R-Ky., announced plans to run for president in 2016, among the gadgets offered for sale to supporters is an “NSA spy cam blocker,” which retails for $15. “That little front-facing camera on your laptop or tablet can be a window for the world to see you—whether you know it or not!” the description reads. The...Read More
They’re not playing: Game-streaming service Twitch, owned by Amazon, was hacked, the online giant announced, giving attackers access to users’ account information. The company sent an email to users, warning that their account information, including e-mail addresses, passwords, IP addresses and limited credit card information, may have been compromised. Users will be notified that passwords have been reset, and will be prompted to choose a new password. Those who connected...Read More
Small business owners may wonder whether they need cyber liability insurance when data breaches at large companies—Anthem, Sony, Target—typically make news headlines.
CyberScout CEO Matt Cullina recently sat down with business technology writer Minda Zetlin for a Q&A in Inc.com. The bottom line? Small business owners need cyber liability insurance but they may need less...Read More