According to the FBI, cybercrime is their number one criminal priority. However, “less than five percent of computer intrusions are successfully prosecuted,” explains Tom Kellermann of InformationWeek. Consequently, this inadequate
The government is still attempting to reach out to the 21 million people whose records were stolen in a June 2015 data breach. Nearly six months ago, the personal information,
The Department of Homeland Security has just released its third white paper of a four part series. While the series as a whole discusses cyber-security on a broad level, this
On November 30, the United States House of Representatives passed the Strengthening State and Local Cyber Crime Fighting Act which authorizes the Department of Homeland Security (DHS) to establish a
As cyber-attacks on high-profile businesses are occurring more often every day, both large and small businesses are investing in cyber insurance. This investment would mitigate risk if data is hacked
While Marsh claims that they have seen an increase in clients purchasing cyber insurance, The American Enterprise Institute claims that the market still remains largely untapped. Many companies are hesitant
Raytheon-Websense has released a report which predicts that cyber insurance will lead to better security. According to the report, even the basic requirements for taking out a cyber-insurance policy will
Moody’s released a report entitled, Cyber Insurance: High-Risk Product With Potential to Grow, which describes the growing cyber insurance market. More than 50 insurers offer stand-alone cyber coverage globally, and additional carriers
“The liability landscape is growing more complex as a result of the Internet of Things,” says Rudi H. Spaan, president and CEO of AIG Insurance Hong Kong Ltd., a unit of
Lloyd’s is requiring all syndicates to conduct a review and analysis of their cyber risk aggregation. Lloyd’s issued a bulletin on November 9, defining the term “cyber attack” and outlining the
