data breach claims News

Data Breaches Due to Employee Error, Third Party Suppliers on Rise: Beazley

Hacking and malware attacks including ransomware attacks continue to be the leading cause of breaches, accounting for 32 percent of the 1,330 incidents that insurer Beazley’s in-house Breach Response Services helped clients handle in the first half of the year. …

Florida School District Hit by Data Breach Affecting 7K Employees Has Cyber Insurance

Authorities say as many as 7,700 Manatee County school employees are at risk of being victims of a data breach. School officials learned earlier this month that two payroll employees of the school district along Florida’s Gulf Coast had fallen …

Ransomware Attacks Are Soaring, Says Beazley in Data Breach Report

Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by specialty insurer Beazley. The Beazley Breach Insights report is …

IDT911 Enhances Data Breach Services for Commercial Insureds

IDT911 has enhanced its DataRiskStages data breach mitigation and remediation service for insurance companies and their commercial policyholders. The DataRiskStages platform has been enriched with three new features: Ins.breachresponse.com to help avoid and manage a breach, CyberClaims911 for more efficient …

Crisis Services Top Insurers’ Cyber Claims Payouts; Average Claim at $674K

New claims costs data reveal a wide discrepancy on costs associated with cyber losses. More than $75.5 million has been spent on cyber claims losses as reported in the latest cyber claims study published by NetDiligence, a cyber risk assessment …

Judge Allows Class Action by Banks Against Target Over Data Breach

Hundreds of banks and credit unions can band together to pursue damages from Target Corp. over a 2013 hacking attack that compromised as many as 40 million payment cards. The ruling Tuesday by U.S. District Judge Paul Magnuson in St. …