While cybersecurity threats were once viewed as a possible but unlikely scenario, a recent report by cyber risk analytics Bay Dynamics suggests that times have changed. Board members are now
Technology security firm Symantec Corp is set to buy privately held cybersecurity company Blue Coat for $4.65 billion. This cash deal intended to “ramp up Symantec’s enterprise security business,” will
In possibly the first-ever ruling on a cyber insurance policy, a federal court in Arizona recently rejected restaurant chain P.F. Chang’s attempt to recover an additional $2 million from a
It is no secret that the insurance industry is changing as technology companies attempt to modernize the industry. While insurtech has been an emerging trend over the past year, purchasing
The final part of Sean Martin’s three part series on cyber insurance dives into determining coverage through analyzing risk in an industry lacking solid actuarial data. To combat this problem,
Mimecast Limited, a leading email and data security company, issued a warning to companies cautioning that their cyber insurance policies may not be fully up-to-date in covering new social engineering
Just a little over a year ago, in one of the most infamous cyberattacks in the United States to date, cybercriminals hacked into the records of the U.S. Office of
Multiple federal agencies, including the Department of Homeland Security (DHS), Department of Defense (DOD), Department of National Intelligence (DNI) and Department of Justice (DOJ), face several deadlines this week regarding
In response to the recent Bangladesh heist, which cybercriminals used international financial telecommunication system, SWIFT, to steal $81 million from the Bangladesh central bank, U.S. regulators have asked banks to
Tech-sector firms, along with the Federal Trade Commission (FTC) are promoting “best practices” regarding cybersecurity for the Internet of Things (IoT), and the FTC is threatening enforcement for inadequate measures
