On October 27, 2015 the U.S Senate passed by a vote of 74-21 the Cyber Information Sharing Act of 2015 (CISA). The bill allows government agencies and businesses to share information about cybersecurity threats with one another. Shared information is supposed to consist of “threat indicators” such as technical information about the type of malware used… Continue Reading
There is an increasing number of reported breaches in our school systems. Just this past July: •Ferris State University in Michigan reported that PII for 39,000 students and employees was briefly available after an unauthorized entry into its system. Ferris State Breach •high school in North Carolina’s Guildford County inadvertently disclosed the PII of 456 students… Continue Reading
Earlier today Kari Timm moderated a panel on cyber risk and insurance for law firms and other professional firms during the 2013 PLUS Professional Risk Symposium. To see a short video discussion on cyber risks for professional services firms from the 2013 PLUS Professional Risk Symposium please visit the PLUS Blog (http://plusblog.org/2013/04/10/cyber-risk-and-professional-firms/).
CYBER AND PRIVACY BREACHES: A YEAR IN REVIEW AND WHAT LIES AHEAD FOR 2013 Join us on December 4, 2012 from 10:00 – 11:00 C.S.T. for “Cyber and Privacy Breaches: A Year in Review and What Lies Ahead for 2013, ” the final 2012 session of our Webinar Series on Cyber and Privacy Breaches and their Insurance… Continue Reading
Celeste King was recently quoted by Business Insurance’s Judy Greenwald in her article “Federal cyber legislation could simplify state laws.” The article addresses the need for federal legislation in addition to pitfalls of various state legislation. You can read the article here.
In today’s challenging economy, it is hard to turn away new business, whether from a client who provides a law firm with steady work, or a broker who contracts for investment services or a health care organization that contracts with a nursing registry. But what happens when the new client demands that as part of… Continue Reading
Our webinar series on cyber and privacy breaches and their insurance impacts begins on October 4, 2011 at 10:00 C.S.T. with the introductory presentation Cyber Data: If You Use It, Don’t Lose It: An Introduction to Cyber and Privacy Breaches and Their Insurance Impact. You can still register here for this complimentary webinar. See you… Continue Reading
A lawsuit filed in California alleges that Professional Business Bank of Pasadena is liable for $465,000 stolen from a business account by hackers. (PDF) Village View Escrow alleges that during a 24-hour period in March, 2010, the bank permitted 17 unauthorized wire transfers of funds totaling $465,567 from Village View’s account. The complaint filed in the Superior… Continue Reading
The Illinois State Medical Insurance Exchange (ISMIE) announced today that it is offering cyber liability coverage to physicians through a partnership with Beazley Syndicate. Click here for a summary of coverages.
Hiscox’s James Whetstone, senior VP and U.S. technology and privacy manager, discusses the increasing demand for cyber insurance even before the recent spate of high-profile breaches. Mr. Whetstone’s interview with My New Markets.com, sponsored by the Insurance Journal, can be found here: Expert Assesses Cyberinsurance Market: Demand, Prevention, Recovery