Silicon Valley data analytics company Palantir Technologies Inc. has established a joint venture with Japanese insurance holding company Sompo Holdings Inc. that will initially focus on health and cybersecurity clients, Palantir said. The joint venture, owned 50-50 by Palantir and …
On Dec. 14, 2018, Aaron Cole was about to buy a new house and received an email that he thought was from his title company, directing him to make a $123,000 deposit. Cole complied, not realizing that a sophisticated hacker …
Cybersecurity is broken. It’s a bold statement, but given the increasing frequency of cyber breaches, along with the presence of more varied and evolving threats, there is growing uncertainty about the ability of the cybersecurity industry to protect its customers. …
CFC, a UK-based specialist insurance provider and pioneer in emerging risk, has expanded its in-house cyber incident response capabilities with the acquisition of Solis Security, an incident response provider headquartered in Austin, Texas. CFC said its in-house cyber claims and …
Dunkin’ Donuts violated state law by not notifying almost 20,000 customers, including more than 2,000 in New York, about cyberattacks on their accounts in 2015 and inadequately warning more than 300,000 customers in 2018 about another attack, the New York …
It took a $650,000 salary for Matt Comyns to entice a seasoned cybersecurity expert to join one of America’s largest companies as chief information security officer in 2012. At the time, it was among the most lucrative offers out there. …
More than a year after the European Union implemented its General Data Protection Regulation (GDPR), U.S. insurers are examining what they can learn as they prepare for the implementation of similar data privacy laws in New York and California. “With …
The 2018 Verizon Data Breach Investigations Report cited that 58% of cyber-attack victims were small businesses, and the 2019 Symantec Internet Threat Report stated that employees working at small businesses were more likely to be targeted by email threats (e.g., …
On July 25, Insurance Journal’s Academy of Insurance hosted a webinar by Joe Harrington, entitled The Evolution of Cyber Liability. Joe started the session in the early days of cyber liability when it was a fringe third-party liability coverage, sold …
Barring Huawei Technologies Co. from operating in the U.K. could lower security standards and make networks less resilient to malicious attacks, according to Parliament’s intelligence and security committee, which urged the government to speed up its decision on the Chinese …
