Technology, Internet News

Report Finds People the ‘Weak Link’ in Cybersecurity

The popularity of Facebook and other popular social networking sites has given hackers new ways to steal both money and information, the security company Sophos said in a report released Wednesday. About half of all companies block some or all …

Insurer Donegal Pays $105K to Settle Software-Licensing Issues

Pennsylvania-based Donegal Mutual Insurance Co. has agreed to pay $105,000 to settle claims that it used unlicensed copies of Microsoft software on its computer systems, a trade group for software makers said. The Business Software Alliance, which represents the world’s …

Cyber Security: Global Risk and Rising Complexity

Multinationals are fighting a battle on two fronts when it comes to cyber security as they seek to fend off new, emerging security threats and also comply with evolving global regulations. These emerging security threats include the risk of attacks …

MySpace, Web Servers Not Liable for Assaults, California Court Rules

Internet servers like MySpace cannot be held liable when minors are sexually assaulted by people they first meet on a website, a California appeals court ruled in an opinion filed late Tuesday. The ruling by the Second District Court of …

Veterans Denied Damages from Government Computer Breach

Two Vietnam veterans are not entitled to damages from a 2007 Department of Veterans Affairs computer security breach in Birmingham, Ala., a federal appeals court panel in Georgia has ruled. Jim Henry Perkins and Jessie Frank Qualls had to prove …

Software Tracks Contractors’ Insurance Certificates, Policies

GG-One Software, Inc. is offering software, iFastrack for the Web, which helps agents provide a value-added service to their clients that tracks insurance certificates and contracts. The iFastrack software allows companies to manage their risk from uninsured contractors, vendors or …

Internet’s Growing Presence Challenges Traditional Insurance Practices

Jeff Ward, a director of London Market reform technology specialists TriSystems, has been working in the field of technology, information processing and insurance for more than 20 years. But even he admits that it’s not easy to pin down all …

Willis Re, Thomson Reuters Launch Online Catastrophe Price Index

Willis Re, the reinsurance arm of global broker Willis Group Holdings, and Thomson Reuters today announced the launch of the Willis Re Catastrophe Price Index™ on the Thomson Reuters Insurance Linked Securities portal. “The index measures pricing levels in the …

Data Security Breaches Present Risks, Opportunities for Agents

Data security represents both a new market opportunity to sell insurance coverage and a new risk — especially for independent insurance agencies that may not be compliant with data security laws or have plans in place to protect their own …

Risk Factors for Technology Industry Changing with the Economy

Today’s technology leaders face challenging times in unprecedented circumstances. Many of the risk factors that topped the list of greatest concerns for tech companies — foreign competition, intellectual property infringement, development of new products and services and talent attraction and …