For many small to medium-sized businesses, the Business Owners Policy (BOP) can be an economical solution to help meet the company’s insurance needs. Business Owners Policies typically combine numerous lines of coverage, such as commercial general liability (CGL) insurance, property insurance, and commercial auto insurance, into one single policy. The Business Owners Policy costs less than if [Continue Reading]
Large companies might have bigger IT security budgets than their smaller counterparts, but they still regularly fall victim to cyber attacks. And just as their digital security needs are more complex than a mom-and-pop business, so too are their cyber liability requirements. One reason that large firms need a non-standard approach to cyber risk management [Continue Reading]
Each year, the Internal Revenue Service (IRS) is responsible for collecting trillions of dollars in federal taxes and processing about 140 million tax returns. Because the agency’s computers house a vast amount of personally identifiable information, the potential for financial gain via hacking is huge. This fact is not lost on cyber criminals, of course, [Continue Reading]
Small and medium-sized businesses are increasingly turning to offsite computer services for their IT needs. Utilization of the so-called “cloud” for both file storage and backup, as well as for web-based software (also know as software as a service or SaaS), is growing because cloud vendors offer computing environments that are cost effective, continually updated, [Continue Reading]
As you may have heard by now, LinkedIn notified its users last week that it had been hacked. Out of about 150 million users, approximate 6 million had their passwords stolen and posted on a hacker web site. The breach of the social networking giant should come as no surprise – cyber criminals are sophisticated [Continue Reading]
Passwords are worth their weight in gold to hackers. Once a cyber criminal figures out an employee’s password, he has an entry into the company network. From that point, using other tools, the hacker can steal just about anything he wants, and wreak havoc in the process. Make passwords complex and multifaceted According to the [Continue Reading]
Hackers have a variety of ways to unleash cyber attacks on individuals and businesses, and they use their nefarious toolbox each and every day to steal sensitive information. According to Symantec’s 2011 Cybercrime Report, the daily cost of hacking in the US is a whopping $382 million. Phishing for data One common technique to trick [Continue Reading]
The nation is woefully unprepared for a major cyber attack, according to a new report released by the Federal Emergency Management Agency (FEMA). Among 31 core capabilities identified as key for disaster responsiveness, cyber security came in dead last, with a capability level of only 42%. Cyber attack ranked more serious threat than nuclear explosion [Continue Reading]
When it comes to cyber risks, attorneys are often found litigating on behalf of clients who have been crime victims and are suing the company that the criminals hacked. However, sometimes, attorneys themselves fall victim to cyber criminals.
How much of your personal information should a merchant be allowed to collect? What information does a merchant have a right to gather from you when you pay with a credit card? Should a merchant be barred from obtaining your zip code on the grounds that it is personally identifiable information (PII)? In California, these [Continue Reading]
Tuesday, January 15, 2013
0 Comments