When It Comes to Cybersecurity, All Bets Are Off

In February, a major cyber attack erased hard drives and shut down computers at two popular Las Vegas casinos, The Venetian and The Palazzo. But according to a report in Bloomberg Businessweek, the hackers weren’t looking to steal the casinos’ money. Rather, they wanted to punish the company — specifically its CEO, Sheldon Adelson. The […]

A Cyber Attack Scarier than Any Movie

Most people these days, when they hear the words “cyber attack,” think of data breaches with legions of unknown hackers breaking into the computer systems of big retail chains to obtain customer credit card information. Recently, however, we learned that hackers aren’t just targeting the stores we shop at. They’re now going after the Hollywood […]

Why don’t more businesses have cyber insurance?

It seems every few days there’s a new report of a data breach affecting a business or healthcare service provider we know. In a number of those cases, cyber insurance has helped the business recover from the incident — paying for investigating the breach, notifying affected customers, and making credit monitoring available to them. So […]

Cyber Monday Has a Case of the Mondays

When I started this blog series in January, I thought Cyber Monday would become more popular than Black Friday. After all, why would you want to spend your Thanksgiving in the mall or battle the crowds the next day, if you could just wait until Monday and find great deals from the comfort of your […]

Privacy in the Digital Age

Earlier this month, I had the privilege of attending the 2014 Privacy Xchange Forum, my first cyber event not specifically about insurance. The forum, presented by IDT911, was a well-planned, well-executed event with excellent speakers. Two speakers in particular caught my attention. The first was Kevin Ashton. Ashton is known for coining the term Internet […]

Payment cards: Is the PIN more dangerous than the pen?

President Obama recently announced that, starting next year, all federal government credit and debit cards will feature microchips and require the use of PIN numbers. The technology, called “chip and PIN,” or EMV (Europay, MasterCard, and Visa), is widely used in Europe and considered significantly more secure. Instead of recording all the transactions on the […]