Cyber Risk News

Safeco Rolls Out Package BOP

Seattle-based Safeco isoffering BOP Access, a new commercial insurance businessowner policy that is designed to disentangle the insurance buying process for small businesses — such as restaurants and light manufacturers — that have above-average insurance needs. The product is designed …

Identity theft: A “catch phrase for the new millennium”

Contrary to popular opinion and despite well-publicized security breaches at governmental entities and major corporations, the primary methods of confiscating information necessary to commit identity theft are old-fashioned, low-tech practices, like “Dumpster diving,” mail fraud and plain old theft. The …

IDENTITY THEFT ADVICE

Common methods of identity theft: Dumpster diving. Collecting bills and personal information sources from trash bins. Skimming. Stealing credit/debit card numbers by using a special storage device when processing your card. Phishing. Pretending to be financial institutions or companies and …

Contrary to the headlines, ID theft may be on the decline

Despite the impression given by cases in the news, identity theft appears to be actually dropping. The 2007 Identity Fraud Survey Report released by Javelin Strategy & Research provides information about the reduction of identity fraud across the United States. …

A single security breach can trigger multiple coverages

Security breaches are becoming more frequent as businesses increasingly rely on technology to store and transfer assets and sensitive information, such as customer names and credit card numbers. With each security breach, there is the risk that a lawsuit or …

Take care of yourself and others

Some RadioShack employees in Texas have allegedly committed an egregious error, showing a careless disregard for protecting sensitive customer data. According to Texas Attorney General Greg Abbott, they “filed” customer records in a garbage dumpster behind their store. Included in …

RadioShack cited for failing to protect customer information

Texas Attorney General Greg Abbott announced he has taken legal action against Fort Worth-based RadioShack Corp-oration for exposing its customers to identity theft. According to documents filed by the AG’s office on April 2, 2007, RadioShack violated a 2005 law …

Contrary to the headlines, ID theft may be on decline

Despite the impression given by cases in the news, identity theft appears to be actually dropping. The 2007 Identity Fraud Survey Report released by Javelin Strategy & Research provides information about the reduction of identity fraud across the United States. …

My New Markets

Commercial Auto Nuts & Bolts: Texas Specialty Risk Programs is offering coverage on commercial auto fleets, 1-20 power units. Lowest pricing available. Same day quotes if requested. No loss info required. Submission only requires accord application and business accord auto …

A single security breach can trigger multiple coverages

Security breaches are becoming more frequent as businesses increasingly rely on technology to store and transfer assets and sensitive information, such as customer names and credit card numbers. With each security breach, there is the risk that a lawsuit or …