Cyber Risk News

More E&O Coverage for a Reasonable Price Suits the Average ‘Joe and Jo’

Joe the “insurance agent” wants a reasonably priced errors and omissions insurance policy for his independent agency that covers all the business activities his operation engages in, whether they are revenue producing or not. He also wants his premium to …

Experts Warn Businesses of Financial Impact of Cyber Risk

Experts in cyber risk, citing financial mismanagement behind the current economic crisis, are warning business executives they need to better understand how to manage their own cyber systems to avoid another crisis. The American National Standards Institute (ANSI) and the …

Washington Seeks Tools to Fight Identity Thieves

Law enforcement officers, prosecutors and private-sector fraud investigators say new technology and laws are needed to help prevent identity theft crimes in Washington and prosecute increasingly crafty and covert criminals. “We’ve come a long way in our fight against identity …

Insurers Need to Beware of Business ‘Red Flags’

Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the date at which the …

Insurers Need to Beware of Business ‘Red Flags’

Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the date at which the …

Is ID Theft Insurance Worth Recommending to Agency Clients?

A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and New York. All of these states reported that more than one out of every 100 …

Insurers Need to Beware of Business ‘Red Flags’

Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the date at which the …

ID Theft Insurance: Oasis or Mirage?

Is It Worth Recommending to Valued Agency Clients? A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and New York. All of these states reported …

Lurking Cyber Risks

Agents Can Become a Trusted Expert for Unaware Businesses A family-run crafts store opens in a strip mall and, after much hard work and long hours, begins to flourish. The store takes credit cards, contracting with a merchant bank to …

Thousands of Floridians Become Victims of ID Theft

Florida resident Stephen Carlisle was not alarmed by the letter he received from Bank of New York Mellon Shareowners Services, notifying him that a data breach had exposed sensitive information from thousands of customers. But days later, Carlisle grew concerned …