Tag: cyber attack insurance

Argo Group unveils cyber liability insurance

Internet Privacy

Argo Pro has introduced this new product to address business exposures to digital attacks. Argo Group International Holdings, Ltd.’s Argo Pro has announced the availability of a new cyber liability insurance product, which has been created to help businesses to mitigate the risk associated with exposures from their dependency on information technology. The product is called information and Professional Risk Playbooksm (iPRP). Argo Pro has also announced that it has entered into a partnership with leading assessment of cyber risk and data breach services firm, NetDiligence, for its ability to…

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2012 will begin a massive expansion in cyber attack insurance

Julie Campbell

This year, the world watched as many corporations – even those that are reputed to have the strongest security systems in place – experienced massive data breaches that were so extensive that their final damage total has yet to be calculated. For example, Sony experienced a tremendous breach to the personal account data stored within its network, and has yet to determine precisely how much the cyber attack has cost the company. The most recently published total was that 100 million customer accounts had been compromised, and that they predict…

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Cybersecurity a growing issue in the U.S.

H. Cutner

According to U.S. cybersecurity analysts, 12 small groups of hackers from China are responsible for more than $1 billion worth of data from companies throughout the nation. These groups have been monitored by McAfee, a prestigious Internet security company, who drew upon information collected over time. Earlier this year, McAfee tracked intrusions into the U.S. energy grid back to China, where the hacker groups were finally identified after years of arduous investigation. Last month, U.S. intelligence officials formally rebuked China for its part in the intrusions, but no other action was…

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