Cyber Risk News

R K Harrison Cyber Liability Policies to Include Pre-Incident Cyber Services

Employee-owned insurance broker R K Harrison has contracted with Stroz Friedberg, a global digital risk management and investigations firm, to provide complimentary pre-incident cyber consulting services for clients purchasing qualifying cyber liability policies through R K Harrison. Pre-incident services assist …

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 …

Gibaltar Group Adds Baker as VP of Information Security

The Gibraltar Group, a risk and insurance advisory firm based in Lubbock, Texas, announced it has appointed Dr. Bruce Baker as vice president of Information Security, and expanded its risk and loss management RiskIMPACT process to include NetworkGUARD. Cybercrime accounts …

Argo Pro Introduces New Cyber Liability Product

Argo Pro, a member of Argo Group International Holdings, Ltd. has introduced a new cyber liability insurance product – information & Professional Risk Playbook(iPRP)– designed to address the exposures businesses face from their increasing reliance on information technology. In addition, …

Small Business Owners Dismiss Risk of Data Breach: Survey

As the number of data breaches involving smaller businesses continues to grow, a new survey by The Hartford finds 85 percent of small business owners believe a data breach is unlikely, and many are not implementing simple security measures to …

Marsh Launches Product for Cloud Computing Risks

Marsh has launched an insurance product designed to protect companies against first-party losses stemming from a cloud service provider’s failure. Improvements in technology and the need for greater efficiency have led to heightened interest in cloud computing—the delivery of information …

Travelers Enhances Cyber Product for Tech Firms

Travelers has introduced an enhanced version of its product-suite CyberFirst with eight first party coverage options designed for technology companies. The new expense reimbursement module covers costs resulting from cyber attacks including theft of assets, intellectual property or private information; …

Utah: 750K More Victims In Health Dept Data Breach

An additional 750,000 people had their personal information stolen by hackers, state health officials said this week after discovering that the thieves downloaded thousands more files of data than authorities initially believed. Officials originally estimated that about 24,000 people had …

Glatfelter Public Practice Adds Cyber Liability Coverage

Glatfelter Public Practice has introduced cyber liability & privacy crisis management expense coverage for municipalities and water related entities nationwide. Glatfelter Public Practice is part of Glatfelter Program Managers, a business unit dedicated to Glatfelter Insurance Group’s program business. The …

Va.-based IT Firm CSC Launches Insurance Cybersecurity Council

Virginia-based IT services provider CSC is forming an advisory board to help tackle cyber security issues in the insurance industry. It’s called the Insurance Cybersecurity Advisory Council. The company says the group will help facilitate the development of best practices …