Live Insurance News

Federal insurance exchange website hacked

September 8, 2014September 6, 2014 Julie Campbell

hacked phone federal health insurance exchange

The hacker was able to break in and upload malicious software, but reports say that personal data remained safe. According to federal officials, a hacker was able to make its way into the HealthCare.gov federal insurance exchange website back in July and even managed to upload malicious software into the site. That said, investigators have stated that there is no evidence that consumer personal data was accessed. They said that personal data of consumers was neither viewed nor taken during the breach of the federal insurance exchange site. At the…

Cyber insurance is lacking

August 8, 2014August 5, 2014 S.Vagus

Cyber security is gaining more attention, but insurance coverage is failing to meet companies’ needs Cyber security is becoming a major issue and the growing prevalence of malicious attacks of businesses is leading to a higher demand for cyber insurance. There are now 50 carries of cyber coverage in the insurance industry, but these coverage is not easy to obtain and many businesses suggest that most coverage is inadequate. The problems with cyber protection are related to the complicated nature of cyber attacks. The actual damage these attacks cause, in…

Is Cyber Insurance Really Necessary?

June 28, 2014June 27, 2014 Note From The Editor

Society is becoming more integrated with technology and that is exposing businesses to new threats that they may not be prepared to deal with. Cyber insurance is designed to be a type of protection against these threats, but many businesses have yet to fully embrace this protection. Large companies tend to have cyber liability policies in force, but smaller companies do not typically see this type of coverage as necessary, mostly due to the misconception that they are not high value targets. High profile cyber attacks are often highlighted in…

Cyber insurance is making it onto more company shopping lists

June 24, 2014June 21, 2014 H. Cutner

As a growing number of hackers make recent news headlines, businesses are no longer comfortable without coverage. At the same time that it has become clear that even the most sophisticated data systems among the leading high profile companies can still be broken into by skilled hackers, the cost of those attacks is becoming increasingly clear to businesses of all sizes and they are beginning to purchase cyber insurance at an increasing rate in order to cover themselves against potentially devastating damage. This special form of risk and liability insurance…

Cyber insurance may be vital, but not widely available

June 9, 2014June 6, 2014 S.Vagus

Businesses are beginning to see the value of cyber liability insurance Retailers may need to begin taking cyber liability insurance more seriously. The world is becoming more digital and businesses are beginning to follow consumers into the digital space in order to better accommodate their needs. This means that a growing number of businesses are beginning to expose themselves to digital threats, and these businesses may not be equipped to handle these threats in their various forms. Businesses have yet to fully comprehend the risks that are inherent in digital…