Cyber Risk News

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 …

Editor’s Note: Take care of yourself and others

It could be argued that the RadioShack employees (if the charges prove to be true) were acting out of ignorance or they just didn’t care. It sounds like that argument would not apply to the insurance company, which illegally accessed …

Editor’s Note: Take care of yourself and others

It could be argued that the RadioShack employees (if the charges prove to be true) were acting out of ignorance or they just didn’t care. It sounds like that argument would not apply to the insurance company, which illegally accessed …

OIL AND GAS RISKS

IDENTITY THEFT High loss in low-tech crime SHAKY FOUNDATION? Earthquake Authority losing funding

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 …

Figures

30 Number of states that require companies that have information that can be used in identity theft — driver’s license numbers, bank account numbers, Social Security numbers — to tell individuals if that information has been compromised. $3.6 billion Amount …

Understanding network risk insurance

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 from a portion of such daily breaches, have recently been in the spotlight. …

It Figures

30 Number of states that require companies that have information that can be used in identity theft — driver’s license numbers, bank account numbers, Social Security numbers — to tell individuals if that information has been compromised. $3.6 billion Amount …

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 …