Category Archives: insurance

Cybersecurity Insurance Not Paying for NotPetya Losses

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This will complicate things: To complicate matters, having cyber insurance might not cover everyone’s losses. Zurich American Insurance Company refused to pay out a $100 million claim from Mondelez, saying that since the U.S. and other governments labeled the NotPetya attack as an action by the Russian military their claim was excluded under the "hostile or warlike action in time… Continue reading Cybersecurity Insurance Not Paying for NotPetya Losses→

Smashing Security #117: SWATs on a plane

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Why is Tampa’s mayor tweeting about blowing up the airport? Are hackers trying to connect with you via LinkedIn? And has Maria succeeded in her attempt to survive February without Facebook?
All this and much much more in the latest edition of the “Smas… Continue reading Smashing Security #117: SWATs on a plane→

Smashing Security #116: Stalking debtors, Facebook farce, and a cyber insurance snag

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How would *you* track someone who owed you money? What was the colossal flaw Facebook left on its website for anyone to exploit and hijack accounts? And what excuse are insurance companies giving for not paying victims of the NotPetya malware millions … Continue reading Smashing Security #116: Stalking debtors, Facebook farce, and a cyber insurance snag→

Cyberinsurance and Acts of War

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I had not heard about this case before. Zurich Insurance has refused to pay Mondelez International’s claim of $100 million in damages from NotPetya. It claims it is an act of war and therefor not covered. Mondelez is suing. Those turning to cyber insurance to manage their exposure presently face significant uncertainties about its promise. First, the scope of cyber… Continue reading Cyberinsurance and Acts of War→

Cyber Insurance Adoption Low, Despite Rising Cyberattack Threats

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Cyber incidents are costly. We know that. Just how costly has been a subject of debate, but a new study from Cyber Risk Management (CyRiM) project, a Singapore-based public-private initiative that assesses cyber-risks, gives some eye-popping figures. … Continue reading Cyber Insurance Adoption Low, Despite Rising Cyberattack Threats→

Humana Informs Customers of Third-Party Security Incident

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Humana has notified customers of a third-party security incident that might have exposed some of their personal information. According to a breach notification letter obtained by DataBreaches.net, the for-profit American health insurance company learne… Continue reading Humana Informs Customers of Third-Party Security Incident→

Government system breach affects personal information of 75,000 Americans

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The government’s sign-up system for healthcare plans fell victim to a data breach, affecting the sensitive information of some 75,000 individuals, confirmed a press release from The Centers for Medicare and Medicaid Services on Friday. The tool i… Continue reading Government system breach affects personal information of 75,000 Americans→

Premera Blue Cross victims accuse insurer of deliberately destroying hacking evidence

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A class-action lawsuit against a hacked health insurer is claiming that a crucial computer was wilfully destroyed, erasing critical evidence that could prove the severity of the security breach. What’s not in dispute is that in March 2015 health … Continue reading Premera Blue Cross victims accuse insurer of deliberately destroying hacking evidence→