Cyber Risk News

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 …

Washington Passes ID Theft Law

The Washington legislature has passed a law designed to help reidents protect themselves from potential identity theft and financial destruction. Substitute Senate Bill 5826 passed unanimously in both sides of the Legislature and is scheduled to be delivered to Governor …

Understanding network risk insurance

Competition heats up as insurers begin to gain market experience and underwriting know-how The total number of data breach victims in 2006 exceeded the $100 million mark — one record for roughly every three Americans. ID theft occurrences, which result …

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 …

Ill. Insurer, Hortica, Alerting Public to Loss of Backup Tapes

Florists’ Mutual Insurance Company (Hortica), an Illinois-based provider of employee benefits and insurance to companies in the horticultural industry, announced that a locked shipping case containing magnetic backup tapes cannot be located. Hortica believes that the backup tapes contained personal …

News Currents

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 …