data security 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 …

IoT Implementation Challenges Insurers

Insurers have several concerns when it comes to selecting an Internet of Things provider, according to Dawn Mortimer, assistant vice president IoT/Telematics Claims Product Management for Verisk Insurance Solutions. Insurers also need to consider the challenges associated with offering an …

Littler: Employers Caught in Tangled Web of Federal, State and Local Laws

Changes occurring in Washington, D.C., and in local governments – combined with technological advances and shifts in how work is performed – is creating an unprecedented level of uncertainty in the workplace, according to a survey by Littler, a global …

Home Depot Settles Consumer Lawsuit for $13M Over Data Breach

Home Depot Inc has agreed to pay $13 million to compensate consumers affected by a massive 2014 data breach in which payment card or other personal data was stolen from more than 50 million people. The home improvement retailer also …

Remote Updates Could Save Auto Manufacturers $35B by 2022

As cars increasingly resemble digital devices, a group of technology firms that can send wireless software updates to cars are in hot demand by carmakers scrambling to catch up to Tesla Motors in the arena of over-the-air updates, or OTAs. …

New Whitepaper Examines Workers’ Comp Data Breach Risk

Because workers’ comp data includes Social Security numbers, demographic and personal health information a data breach could expose employers and carriers to “millions of dollars in litigation, damage control and repair costs,” write the authors of a new GENEX whitepaper. …

Target Plans to Settle Data Breach Claims That Impacted 100M

Target Corp. agreed to settle with more than 100 million customers whose personal information may have been breached in a database hack in 2013, among the biggest to hobble retailers and banks in recent years. Others victimized by cyber assaults …

Hackers Stole Nearly $1B From Banks Across the Globe

A hacking ring has stolen up to $1 billion from banks around the world in what would be one of the biggest banking breaches known, a cybersecurity firm says in a report scheduled to be delivered Monday. The hackers have …

Added Security for Consumer Information on Healthcare Website

The Obama administration appears to be making broader changes to protect consumer information on the government’s health insurance website, after objections from lawmakers and privacy advocates. The Associated Press reported last week that details such as consumers’ income and tobacco …

Liberty Mutual Announces Flexible Cyber Coverage Packages

Liberty Mutual Insurance announced that is now offering flexible cyber coverages on its commercial package products and monoline general liability policies for small to mid-sized businesses. The new Data Security endorsement provides four optional coverages, each with separate and varying …