Cyber Risk News

My New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Staffing Firms Market Detail: World Wide Specialty Programs was founded 40 years ago to provide …

Arrested Rhode Island ID Thieves Stole $500K Worth of Goods

Federal prosecutors have charged four Providence, Rhode Island residents with identity theft for allegedly making more than $500,000 worth of purchases after obtaining credit cards with the stolen personal information of more than 50 victims. A 32-count indictment unsealed Wednesday …

It Figures

5,500 The Oklahoma Employment Security Commission reported that the Social Security numbers of more than 5,500 people are on a flash memory drive that was lost by an employee who put the information on it after his laptop was infected …

Agents Can Help Fight Insurance Fraud

Employee Background Checks Essential Insurance agents can play a big role in helping states to fight insurance fraud. In fact, because they are on the front lines of insurance transactions, agents might see and hear things before the insurance company, …

Welcome to Encryption Nation

Stop putting passwords on sticky notes, require passwords for desktops and encrypt all backups. Technology is enabling independent insurance agencies to conduct business faster than ever. With the press of the return button on a computer, agencies can launch a …

Study: Employees Undermine Data Breach Prevention Strategies

Many employees disable the encryption solutions on their laptops, putting their employers at risk for data breaches, according to a study by Absolute Software Corp. and The Ponemon Institute. The study, “The Human Factor in Laptop Encryption: US Study,” examined …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Products Liability for Roller Coasters and Rides Market Detail: MarketScout offers agents access to products …

Nevada Lawmakers Discuss Identity Theft Prevention Plan

A Nevada Senate panel was urged to support an Assembly-approved plan that would help prevent identity theft by making less credit card information available on printed receipts. AB389 would prohibit printing more than the last five digits of credit card …

Indiana Legislation Penalizes ID Thieves

An Indiana bill that would strengthen protections against identity theft is poised to win final approval from the Indiana General Assembly and move to the governor’s desk. House Enrolled Act 1121, the identity-theft protection legislation, already has passed once in …

Data Security Breaches Present Risks, Opportunities for Agents

Data security represents both a new market opportunity to sell insurance coverage and a new risk — especially for independent insurance agencies that may not be compliant with data security laws or have plans in place to protect their own …