cyber attacks News

Markel Unveils Risk Management Portal for DataBreach Policyholders

Markel has launched a new risk management portal for DataBreach policyholders that includes information and technical resources that can assist in the prevention of network, cyber, and privacy breaches as well as support in the reporting and recovery of losses …

NAS Insurance Covers Lost Revenue From Cyber Breaches

NAS Insurance Services Inc. has launched an insurance coverage that pays companies for lost revenue in the event of a cyber breach. The new coverage, called BrandGuard, is a component of NetGuard Plus Cyber Liability insurance. It is designed to …

Pentagon Warns Private Computer Networks on Vulnerability to Cyber Attacks

Privately-owned U.S. computer networks remain vulnerable to cyber attacks, and many U.S. companies are not doing enough to protect them, Deputy U.S. Defense Secretary Ashton Carter said on Wednesday. “I hope this isn’t one of those situations where we won’t …

Bank Group Warns of Heightened Risk of Cyber Attacks

A financial services industry group warned U.S. banks, brokerages and insurers on Wednesday to be on heightened alert for cyber attacks after Bank of America and JPMorgan Chase experienced unexplained outages on their public websites. The Financial Services Information Sharing …

Senator Graham Tells South Carolinians to Prepare for Cyber Attacks

South Carolinians have dealt with the aftermath of war, earthquake and hurricanes and U.S. Sen. Lindsey Graham said this week the state now needs to be prepared for another type of disaster — cyber attacks. “A threat we’re not prepared …

Insuring the Olympic Games: Major Risks, Much Secrecy, Heavy Coverage

One hundred days to go before the 2012 Olympic Games open in London. As that day moves closer, preparations, which have been going on for some time, speed up. Today’s ceremony in a rainy Kew Gardens, presided over by Committee …

World Economic Forum Warns Economic, Social Turmoil Risk Globalization Gains

The latest report from the World Economic Forum highlights the “world’s vulnerability to further economic shocks and social upheavals.” Together they “risk undermining the progress that globalization has brought,” the report warns. The seventh edition of the Global Risks 2012 …

Bulk of U.S. Data Theft Linked to Few Chinese Hacker Teams

As few as 12 different Chinese groups, largely backed or directed by the government there, do the bulk of the China-based cyberattacks stealing critical data from U.S. companies and government agencies, according to U.S. cybersecurity analysts and experts. The aggressive, …

Raids by Cyber Thieves Are Unlikely to Stir Faster Global Action

A major new hacking attack underscores that governments and companies are losing the war against cyber thieves, but it’s unclear if the disclosure will prompt quicker global action against online break-ins. A U.S. report that intruders breached the computer networks …

Willis’ Leisure Industry Report Highlights Vulnerability to Cyber Attacks

According to a new report from Willis Group Holdings – Willis Summer 2011 Leisure Newsletter – “vast quantities of personal, identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks.” Willis’ Cyber …