Cyber Risk News

Want to Reduce Cyber Risk? Avoid These 25 Worst Passwords of 2011

One way to help lower personal and business cyber risk is to avoid using easy-to-crack passwords. SplashData, a password management application maker, recently compiled a list of the 25 worst passwords for the year 2011. The research results were based …

Kansas Hospital Alerts Patients to Online Security Breach

Officials at Lawrence Memorial Hospital in Lawrence, Kan., said they are anticipating a federal investigation and possible fine after an online security breach potentially compromised 8,000 patients’ financial information. The Lawrence Journal World reported that the hospital mailed letters alerting …

Republican Report Backs Incentives for Corporate Cybersecurity

A Republican task force in the House said Congress should give companies incentives to boost their cyber defenses, but that tougher regulation may be warranted to protect critical facilities like power and water plants. Recommendations in the report, which was …

Freedom Specialty Hires Cyber Liability Products Director

New York-based Freedom Specialty Insurance Co. appointed John Merchant as director of network security, data privacy and technology risk. In his role, Merchant will manage the development, underwriting and risk management of cyber liability products. He reports to Teresa Black, …

Hacker Group Not So Anonymous Anymore

The computer hackers, chat room denizens and young people who comprise the loosely affiliated Internet collective known as Anonymous have increasingly turned to questionable tactics, drawing the attention of the FBI, the Department of Homeland Security and other federal investigators. …

California Data Breach Shows Risk of Online Health Records

Until recently, medical files belonging to nearly 300,000 Californians sat unsecured on the Internet for the entire world to see. There were insurance forms, Social Security numbers and doctors’ notes. Among the files were summaries that spelled out, in painstaking …

Crum & Forster Launches New Service to Protect against Cyber Risk

Crum & Forster (C&F) has launched a new service to assist policyholders effectively manage and protect against cyber risk. Network attacks and privacy violations are occurring with increasing frequency. Even with strong security and privacy controls in place, companies can …

U.S. Experts Blame a Government for Cyber Attacks; Is It China?

Security experts have discovered the biggest series of cyber attacks to date, involving the infiltration of the networks of 72 organizations including the United Nations, governments and companies around the world. California-based security company McAfee, which uncovered the intrusions, said …

Zurich Says Its Policy for Sony Doesn’t Cover Data Breach

One of Sony Corp.’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year. The dispute …

Individuals, Not Just Corporations, Face Cyber Risks

While the big news is about hacks into the CIA’s and Senate’s public websites, Citigroup and Lockheed Martin, tens of thousands of people are victimized by cyber criminals each year, sometimes with devastating effect. The FBI, which has a special …