Cyber Risk News

Hacker Indicted in Huge ID Theft: 130 Million Credit Cards

Federal officials announced the indictment of a Miami man in what they say is the largest identity theft ring ever exposed in the U.S. Albert Gonzales, 28, was indicted for conspiring to hack into computer networks supporting major American retail …

North Carolina Bill Allows Consumers to Freeze Credit Reports for Free

North Carolina consumers could soon be able to place a security freeze on their credit reports for free in legislation awaiting Gov. Beverly Perdue’s signature. The Senate gave final legislative approval to expand the state’s 2005 anti-identity theft protection law. …

Recession Increasing Insurance Fraud

Areas Where Agents Might See an Increase in Fraud Does a bad economy increase crime? According to Mike McKee, senior special agent for the National Insurance Crime Bureau, it’s too soon for statistics to confirm whether the mortgage meltdown and …

Survey: Majority of Consumers Avoid Companies That Expose Their Data

More than 70 percent of consumers surveyed said they would no longer do business with a company that exposed their sensitive, personal information as result of a data security breach, according to research conducted for Scottsdale, Ariz.-based Identity Theft 911. …

Cyber Security: Global Risk and Rising Complexity

Multinationals are fighting a battle on two fronts when it comes to cyber security as they seek to fend off new, emerging security threats and also comply with evolving global regulations. These emerging security threats include the risk of attacks …

Zurich Expands Cyber Security Coverage

Zurich North America Commercial enhanced and expanded a product that helps businesses manage the financial and reputational risks of cyberspace – the Zurich Security and Privacy Protection Policy. The consequence of data breaches cost today’s business owners an average of …

New York Warns Agents on Identity Theft Scam

New York State licensed insurance agents and brokers should be aware of an identity theft scam involving telephone calls used to target insurance professionals in at least a half dozen states. Acting New York Insurance Superintendent Kermitt Brooks today warned …

Turmoil Breeds Opportunity

A Golden Moment for the Insurance Industry In a time of financial turmoil, we in the insurance industry have an unprecedented opportunity. As capital providers and risk advisers in a time of scarce capital and huge risk, we should seize …

Cyber Security: Global Risk and Rising Complexity

Multinationals are fighting a battle on two fronts when it comes to cyber security as they seek to fend off new, emerging security threats and also comply with evolving global regulations. These emerging security threats include the risk of attacks …

Georgia Warns Insurance Agents of Possible Identity Theft Scam

Georgia Insurance Commissioner John W. Oxendine said insurance agents in several states have been called by scammers posing as insurance regulators in order to collect personal data that would make I.D. theft possible. “While we haven’t had any cases of …