Agents and brokers for property and casualty insurance are being advised to keep abreast of the very latest information and statistics regarding the ever-growing risk of cyber attacks and the different kinds of coverage solutions that can allow their clients to decrease financial exposure. As hacking into private information of all types – financial, personal, and medical, for example – becomes increasingly common, insurance professionals must be able to keep up so that they can offer their clients the right forms of coverage, particularly in terms of miscellaneous professional liability.…
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Hackers target more than just big business, FBI lauds the value of cyber insurance
As big corporations begin to scramble for protection against cyber attacks, one organization rarely associated with the insurance industry is lauding the benefits of cyber insurance. The FBI has raised warnings that big businesses are not the only entities at risk of falling prey to hackers. Last year, the FBI, which has a special Internet fraud center, received 25,000 complaints of hacking or fraud every month. The Bureau’s Internet fraud report release last year claimed that victims of identity theft alone suffered losses in the millions. Gone are the days…
Read MoreSony gets hacked in latest ring of cyber crimes
Sony Corporation’s computer system is the recent prey of the latest attack launched by unscrupulous hackers. The group LulzSec claimed responsibility of the recent attacked. The incident proved that even Giant electronic companies like Sony are also vulnerable to different types of security infringements like hacking. LulzSec is the same group that also claimed to have made the attacks on world renowned television networks like Fox.com and U.S. PBS television. The server of electronic giant, Sony is its latest prey. LulzSec claimed it successfully hacked the server running the websites…
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