Cyber Risk News

Consumers, many departments required to fight identity theft

Editor’s Note: This is the second installment of a two-part roundtable discussion on identity theft. Part 1 examined the scope and source of identity theft, and can be found on page 100 of Insurance Journal’s April 17 West region issue. …

Survey: Risk managers spent more on disaster preparedness, catastrophe management

Spending for loss control services increased or remained flat for a majority of organizations in the past year, and the greatest spending increases occurred in such areas as disaster preparedness and catastrophe management, according to the Internet-based 2006 Loss Control …

Survey Says Risk Managers Spent More on Disaster Preparedness, Catastrophe Management

Spending for loss control services increased or remained flat for a majority of organizations in the past year, and the greatest spending increases occurred in such areas as disaster preparedness and catastrophe management, according to internet-based 2006 Loss Control Spending …

Mo. Shield Insurance Program for Police, Firefighters Offers Online Application

St. Louis, Mo.-based The Shield Insurance, a preferred homeowners and auto insurance program designed exclusively for police, firefighters and EMS, now offers a new online application. Stuckey and Company’s CEO, Dwight Stuckey, says, “We believe that this will help eligible …

Trident Forms Strategic Agreement with Vaaler

Trident Insurance Services, LLC, a wholly owned subsidiary of Argonaut Group Inc., entered into a strategic agreement with Vaaler Insurance to be its exclusive program manager for writing public schools in the state of Minnesota. Trident’s public school program targets …

Willis’ Sees ‘Tumultuous Times’ for Natural Catastrophe Market

A bulletin from global broker Willis Group Holdings in the April 2006 online edition of “Marketplace Realities and Risk Management Solutions” describes events in the natural catastrophe (Nat Cat) segment of the property marketplace as “nothing less than tumultuous.” Directly …

Hawaii Says Stolen Records Could Lead to Thousands of ID Thefts

Hawaii revealed that more than 43,000 people, nearly half of them government employees, are at risk of identity theft. The case involves the making of unauthorized copies of insurance company records that list the names and Social Security numbers of …

•Doron M. Rotman, audit and RAS managing director for Information Risk Management; and

The participants included: •Scott B. Moritz, director of KPMG Forensic; •Hugh C. Kelly, principal of Financial Risk Management; •Joanna Taylor, senior associate for Financial Risk Management; •Linda H. Gallagher, principal for Financial Risk Management; •Carolyn Greathouse, manager for Financial Risk …

The reliance on digitized information is one reason identity theft is a growing problem

Editor’s Note: This is the first part of a two-part roundtable discussion in which KPMG professionals examine the scope and source of identity theft, and how corporations need a multi-disciplinary approach to fight it. Part 2 of the roundtable will …

Younger adults and those earning above $75K most likely to suffer ID theft

Households headed by young people (18-24 years old), those in urban or suburban areas, and those with incomes of $75,000 or more were the most likely to experience identity theft, according to a new government survey. Victimization did not differ …