Tag: cyber liability

Cyber Liability Insurance and Sony’s Lawsuit

Before the data breaches at Anthem, Home Depot, Neiman Marcus, and Target, there was Sony. In 2011, the Sony Playstation Network was hacked resulting in the theft of customer data. Sony pushed to have their insurer, Zurich, cover the losses resulting from the data breach, but Zurich denied the claim. Sony had a general liability policy, but not a cyber liability policy with Zurich.

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Identity Theft and the Anthem Data Breach

Anthem, the second largest health insurance company in the US, announced last week it had been the victim of a massive data breach. The good news appears to be no medical records or credit card data was compromised. The bad news was the names, birth dates, and Social Security numbers of up to 80 million people were compromised which could lead to an even bigger problem than had they simply taken credit card data.

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Do You Have a Data Breach Response Plan?

Businesses have all kinds of plans; marketing plans, strategic plans, safety plans, sales plans, production plans, staffing plans, and even cash management plans. But do you have a data breach plan? If we’ve learned anything over the past 7 months, data breaches do occur, and they seem to be occurring at a faster rate than ever before.

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Cyber Liability Insurance for Small Businesses

Unless you’ve totally unplugged from all news media and the internet over the past week, you’ve heard of the Heartbleed bug. The Heartbleed bug (it’s not a virus) is a vulnerability in the OpenSSL library, the software that makes your website and other sites secure when a person is reviewing banking records, making a purchase from your company, or updating their information or method of payment in their on-line account.

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