cyber breach News

Marriott CFO Says $1B Cyber Breach Estimate Premature

It’s too soon for Marriott International Inc. to estimate the cost of the massive cyber breach that the company disclosed last week, and other companies that have suffered big attacks are imperfect proxies, said Chief Financial Officer Leeny Oberg at …

Ohio Air Force Base Trains Cyber Army

Cyber hackers bent on chaos could potentially attack water treatment and chemical plants, power grids, financial institutions and disable weapon systems, and have stolen personal data of millions of federal employees and consumers. Every hour of every day, cyber warriors …

Small Firms’ Complacency Make Them Prime Target for Hackers

Randell Heath isn’t sure how hackers got into his company’s website – all he knows is a supplier called, saying the site had become an online store selling Viagra and Cialis. The problem might have been at the company that …

Better Understanding of Cyber Threats, Policies Needed

An increase in spearfishing and ransomware, coupled with weakened data security due to more connected and mobile devices, means businesses and insurers need to understand and protect against these threats. That’s according to an expert panel discussion held during the …

QIS: Insurance Carriers Face Enhanced Risk in Age of Big Data

California-based Quadrant Information Services, a provider of big data technology for the property/casualty insurance industry, warns that digitization is a two-edged sword: with increased capability comes an increased danger of expensive—and possibly actionable—data security breaches. Breaches of data security are …

Lack of New Employee Training Can Impact Businesses’ Cyber Risk

Organizations experiencing data breaches are judged by their employees as lacking a learning culture and failing to put the customer at the center of business activity, according to a new analysis from global advisory, broking and solutions company Willis Towers …

Test Cyber Breach Exercise Reveals Gaps in Planning

The chance of a cyber security breach increases each and every day, according to Jim Satterfield, COO and president of Firestorm, a national company specializing in emergency response, crisis management, crisis communications and workplace violence. In addition, it takes about …

Survey: CEOs Overestimate Coverage for Cyber and Reputation Risks

According to the 2015 International Business Resiliency Survey, conducted by Marsh, a global insurance and risk management broker, and Disaster Recovery Institute International (DRII), firms consider cyber and IT-related risks to be the most likely to occur and have the …

Continued Attacks to Drive Cyber Insurance Market by 2020

Risks to drive U.S. $10 billion cyber insurance market by 2020, according to ABI Research. Continued and sustained cyberattacks are having a ruinous effect on enterprises and driving up the cost of incident response. With over 900 million reported records …

More Than 18.5M California Residents’ Information Was Exposed Last Year

Personal information about more than 18.5 million Californians was hacked, stolen or otherwise exposed last year and as many as one-third of those people will become victims of fraud, California Attorney General Kamala Harris said Tuesday in a new report …