Cyber Risk News

Declarations

Taking additional steps “With online banking, bill paying, and shopping increasing exponentially each year, we must take additional steps to protect our identities, provide help to those who have become victims, and make sure those who are committing the crimes …

It Figures

122 The number of levees nationwide that are at risk for failing, according to the Army Corps of Engineers. Twenty-seven states, the District of Columbia and Puerto Rico had threatened levees, but only two had more than a handful. California …

Kent Wholesale Offers DIC Earthquake and Flood Coverage

Kent Wholesale Insurance Brokers headquartered in Portland, Ore., is providing DIC including earthquake and flood coverage on admitted paper for Oregon and Washington risks. The product is rated in-house, and indications are provided immediately (bindable upon acceptable soil conditions). Minimum …

A Computer Hacker Strikes Every 39 Seconds, Warns U. of Md. Study

Are hackers trying to get into your computer right now? And what are they up to? A study by the University of Maryland’s A. James Clark School of Engineering is one of the first to quantify the near-constant rate of …

Sixth Person Charged in Alleged Okla. ID Theft Crime Ring

A sixth person has been charged in Oklahoma in an investigation of an alleged identity theft crime ring, according to the office of Oklahoma Attorney General Drew Edmondson’s office. Scott Richard Poor, 50, was charged in Oklahoma County District Court …

D.C. Man Sentenced for FEMA Hurricane Relief Fraud Scheme

Jeffrey Alan Rothschild, 59, also known as Jeffrey Zahler, has been sentenced to 102 months in prison in connection with a scheme to defraud the Federal Emergency Management Agency (FEMA) of more than $100,000 in relief funds intended for victims …

Report: ID Theft Down; Key Risk Factors Include Age, Income

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. …

Maine Legislature Protests Federal Driver’s License Law

The Maine Legislature declared that it would refuse a congressional order to change its drivers’ licenses so they can serve as national identification cards. Supporters of last week’s nonbinding resolution — called the first of its kind in the nation …

Keys to surviving it and thriving from it

To some outsiders, insurance agents are threatened with obsolescence. Commoditized products, the information available online and the decreasing value placed on personal relationships could lead insureds to devalue the role of agents and, instead, make decisions on their own. A …

Cyber liability market is older, wiser, smarter and still growing

Introduced 10 years ago, cyber liability insurance has become a much-discussed and popular coverage Beginning a New Year provides an opportunity to reflect on challenges and threats in the insurance industry, and there is one trend that will undoubtedly continue …