Category: Cyber Liability

Cyberattacks, failure to innovate are execs’ top tech concerns

When it comes to technology risks, cyberattacks are the leading worry for business leaders, according to a report from Beazley Group, which found technology risks ranked higher than any other category, including business,…

Data breaches increased 38% in Q2

During the second quarter of 2021, data breaches increased 38% in the U.S. compared with the prior quarter, according to the Identity Theft Resource Center (ITRC). If the volume of breaches continues on its…

Business Income + Cyber Insurance: Cautionary Tales and Lessons Learned

How much revenue could your company afford to lose if one of your key vendor’s system goes down? How much revenue could your company afford to lose if your own systems failed? One month of…

Can a business forgo a cyber insurance policy?

Though the cyber insurance market in the U.S. is currently valued at more than $7 billion, it is forecast to reach more than $20 billion by 2025. Considering the increase in cyber-attacks just…

The 11 Biggest Issues IT Faces Today

Each year we talk with tech leaders about the biggest problems they’ll face in the near future, and we’re starting to see some subtle and not-so-subtle shifts from the worries of 2018….

‘Bad actors are out there’: Cyber experts have long warned of an attack on water supply systems

The announcement of a Feb. 5 cyberattack on a public drinking water supply in Florida, an event that could have been much worse, illustrates the gaps in critical infrastructure cybersecurity and the…

‘Extreme’ Cyber Events Impact Organizations Differently – Incident Response Matters

The median loss for “extreme” cyber events is $47 million, with one in four events reaching over $100 million, but new research from Cyentia revealed that organizations can experience very different impacts…

The Pandemic is a Hacker’s Paradise, According to the Data

Regular listeners of Advisen’s Quarterly Cyber Risk Trends webinar series get to see our cyber loss data in action. With cyber risk a key focus during the COVID-19 pandemic and a widespread…

Preventing Paycheck Protection Program Loan Scams

The COVID-19 pandemic and subsequent shutdowns have meant perilous times for small businesses across the country, with many shutting down temporarily or even permanently. As part of the U.S. government’s efforts to…

Facebook pays $550m settlement for breaking Illinois data protection law

Facebook has settled a lawsuit over facial recognition technology, agreeing to pay $550m (£419m) over accusations it had broken an Illinois state law regulating the use of biometric details. The settlement was…