Tag: cyber liability

Insurance Noodle launches new cyber insurance package

S.Vagus
Cyber Insurance

Cyber protection is becoming more important Insurance Noodle, a small but ambitious insurance company, has announced that it is offering a new package of commercial insurance coverage that is designed to protect the risks that are being seen in the technology sector. The new package provides coverage plans for technology professionals, such as programmers, web developers, software designers, and app developers. There are also plans associated with the package that provide coverage for IT consultants and those working with staffing firms. Cyber liability coverage is something many businesses need, but…

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Cyber risk insurance becoming a concern for businesses

Nordstrom
cyber insurance

Cyber risk insurance may help companies protect themselves Cyber security is beginning to be a major concern in the U.S., according to a new study published by Corporate Board Member and FTI Consulting. As the world of business becomes more accommodating of emerging technologies, the possibility of cyber attacks is becoming more pronounced. Data breach can cause serious damage to a company both in terms of finance and reputation, leading many businesses to seek out cyber risk insurance coverage. This coverage is designed to protect companies from malicious cyber attacks.…

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Lloyd’s of London highlights reputational risk and regulation as top concerns for insurers

S.Vagus
Insurance Industry News Deal

Survey suggests insurers are vexed by increasing risks Lloyd’s of London, one of the world’s largest providers of insurance and reinsurance, has released the results of its latest survey concerning the global insurance industry. The survey indicates that many of the world’s leading insurance executives are becoming increasing concerned with reputational risk and insurance regulations. These concerns are spurring new actions from insurance companies, including the offering of new policies and, in some cases, the abandonment of some markets or refusal to provide coverage to controversial organizations. Stricter regulations pose…

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What should you think about when you consider buying cyber insurance

Nordstrom

Data breaches are a form of attack that can come on with absolutely no warning or provocation, and can cause either very little or no damage, or can cripple a business’s ability to function. Because they are so unpredictable, making them extremely challenging to budget for, cyber insurance is considered by many to be a very practical way to offset any of the unanticipated costs that can be associated with them. That said, it remains very important to take additional preventive efforts and security practices to ensure that your data…

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MasterCard and Visa warn of massive security breach, insurers highlighting the need for cyber security

Financial giant MasterCard has announced that there may have been a breach in its security systems this week. The potential breach is linked to a third-party vendor based in the United States. MasterCard has contacted banks and law enforcement to mitigate the problems caused by the security breach and has also elicited the aid of an independent security organization to assess the extent of the damage the breach may have caused. This particular breach could have an impact on more than 10 million customers around the world. MasterCard has been…

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