On Thursday, September 22, Yahoo confirmed data associated with at least 500 million user’s email accounts was breached in 2014 in what may be one of the largest data breaches ever. Some security experts think between 1 billion and 3 billion accounts may have been hacked by cyber criminals who sold the compromised date to an Eastern European nation state.
In the past two years, there have been two very interesting lawsuits over the question of whether or not commercial general liability insurance policies contain coverage for cyber liability. The two lawsuits had very different outcomes which may appear to muddy the waters regarding when cyber liability is covered and when it is not covered by a general liability policy. Let’s take a look at both lawsuits and where I think this may go.
It’s tax season and you have just over a month to file your taxes! It also means this is a busy time for scammers and identity thieves. Here are a few of the scams taking place.
I attended a class on cyber liability insurance earlier this week. It was hosted by one of my commercial insurance companies in their Richardson office. It covered a brief history of this insurance, outlined what’s covered, requirements, potential liability issues and impact, as well as data breach trends.
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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