ADP recently reported that a number of its clients have potentially had some of their employees’ information compromised by a fraudulent ADP self-service portal, though thus far only U.S. Bancorp
The Council of Insurance Agents & Brokers released its second semi-annual Cyber Insurance Market Watch Survey this week. In the past six months, we found that trends in the market
The Society for the Worldwide Interbank Financial Telecommunication (SWIFT) is used by the global financial industry to transfer billions of dollars around the world every day. On Monday, SWIFT released
An upward trend in cyber-attacks and data breaches, particularly phishing, on the healthcare industry has pressured many hospitals, including Cambridge Health Alliance, to put more focus on cybersecurity, both in
In a recent Insurance CIO Outlook article, Phil Norton, Ph.D., of Arthur J. Gallagher & Co., discusses modeling cyber risk by evaluating the source, quantity and quality of a company’s
While a recent Virginia federal appeals court ruling confirmed a Travelers general liability policy (CGL) must cover a data breach on Portal Healthcare Solutions after they were sued over a
The role of insurers on cybersecurity has been a hot topic lately, both on and off Capitol Hill. A recent Business Insurance article says that cyber insurance could be an
An international deal limiting the export of anti-hacking technologies could hamper national security, House lawmakers say. Currently, the Obama Administration is in the process of renegotiating the Wessenaar Arrangement, a
While a broker’s youth can often play to a disadvantage, as clients typically prefer an experienced professional, the case may be different for cyber insurance. Growing up in the age
Edward Snowden continues to make headlines as the NSA has now announced that his infamous whistleblowing incident has, as U.S. Director of National Intelligence James Clapper put it in a
