Cyber Liability

iPhone attacks from the App Store?

Apple is facing Masque Attack II, a major vulnerability that allows malicious apps to leverage existing, legitimate ones to spread malware. Unlike the first variation of the Masque attack, this iteration includes iOS URL scheme hijacking, which allows it to be propagated directly through the App Store. [continue reading…]

Treasury Troubled by Smaller Firms Not Buying Cyber Insurance

While the overall cyber risk insurance market is growing tremendously, larger corporate clients have driven much of the expansion. Smaller companies, on the other hand, have not followed suit, Deputy U.S. Treasury Secretary Sarah Bloom Raskin said recently. [continue reading…]

Critroni Ransomware Masquerades as Google Chrome Update

The ransomware threat known as CTB-Locker (aka Critroni) is making fresh rounds, sneakily infiltrating people’s machines via emails purporting to come from Google. The mails warn that “your version of Google Chrome is potentially vulnerable and out of date,” but clicking the download link executes malware instead. [continue reading…]

Data Breaches: 3 Hidden Signs You’ve Been Hacked

In my life, I have had all three of these happen to me. It cost me hours of headache, and money out of my pocket. I continue to struggle to keep up with this every changing cyber society. The article below from FOX Business is a good one for me. [read article on Business News Daily…]

Survey: Businesses Slow to Boost Cyber Insurance Coverage Despite Risks

While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate cyber insurance coverage, a new survey found.

That finding comes from the Association For Financial Professionals’ survey of executives in corporate treasury, finance and banking at its annual conference in Washington, D.C. Results are based on the 970 responses generated by the survey. [continue reading…]

Self-Employed? Why Your Identity Might Be at Risk

When you’re self-employed, getting work depends heavily on how well you advertise yourself. This often means posting your personal information — full name, email address, phone number, geographic location, work history, etc. — on multiple websites and social media accounts. [continue reading…]

P/C Insurers Rush to Meet Rising Demand for Cyber Insurance

Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc.

Sales are set to double this year from about $1 billion in 2013, according to Bob Parisi, head of the network security and privacy practice at Marsh, the insurance brokerage arm of Marsh & McLennan Cos. The policies can protect companies against lost revenue, lawsuits or even damage to their reputation or brand. [continue reading…]

Insurance Will Absorb Some Costs in Home Depot’s Giant Privacy Breach

Home Depot Inc. Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s unprecedented breach at Target Corp. [continue reading…]

U.S. Businesses On Alert After Data Breaches

While the number of companies affected by data breaches is on the rise, so, too, is awareness of the problem, new research finds.

Even though major retailers like Target and Home Depot made the most headlines in the past year because of data breaches, companies of all sizes face similar dangers. Overall, 43 percent of U.S. businesses suffered at least one cybersecurity incident this year, up 10 percent from 2013, according to a study from the Ponemon Institute, which conducts independent research on privacy, data protection and information security policy, and Experian Data Breach Resolution. [continue reading…]