Although cyber insurance has been around for a few years now, since it is still a fairly new concept and the industry is expected to grow exponentially in the near future, companies may have questions. Lynda A. Bennett, Chair of Insurance Coverage Practice at the law firm of Lowenstein Sandler, LLP, in Roseland, New Jersey, spoke with Security about the ins and outs of cyber insurance. As an attorney specializing in these types of claims, Bennett represents enterprises, not insurers.
This month’s column takes over where we left off in April, bringing to a close our Top 10 list of widely held cybersecurity myths. This month’s list should prove no less provocative.
In an open letter to Barack Obama the National Retail Federation said it outlines achievable solutions that industry must work toward to better protect customers, empower its retail members and effectively safeguard America’s cyberspace against criminal hackers.
A new survey reveals that a majority of organizations are not following incident response best practices and are not well prepared to face the challenges of today's advanced cyber threats.
More than 40 percent of respondents in an Experian Data Breach Resolution survey said that they feel that monitoring financial transactions for fraud is too time-consuming, and 71 percent of respondents say they rely heavily on their bank or card issuer alerting them to fraud.
Cyber-attacks are escalating in their frequency and intensity, and pose a growing threat to the business community as well as the national security of countries.
