Businessolver Blog

Finding the Appropriate Level of Cyber Security Coverage

Posted by Ryan Keehn on Jan 20, 2015 10:00:00 AM

 

Cyber risk and data breaches have quickly moved from the occasional occurrence of a small shop or government institution that didn’t appropriately protect their information, to the normal topic of conversation when referencing well known household names. In reading a recent article by Alan Lyons in the New York Law Journal, “Finding the Right Level of Cyber Insurance Protection,” there was reference to how businesses today may still leverage more “traditional” types of insurance policies (like commercial general liability, commercial property, and employee dishonesty) and expect them to pick up the bulk of the costs in the event that they have a security breach.   The reality of the situation is that things have changed--cyber liability is a real risk that has to be separately accounted for by an organization.

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What You Can Learn from Home Depot's $34 Million Mistake

Posted by Natalie McLinden on Nov 20, 2014 5:08:00 PM

How would you like to explain a $34 million data breach to your boss?

Chances are, you'd rather endure a tooth extraction than experience that conversation. But someone at Home Depot is doing just that. Home Depot is joining the ever growing list of this year’s data breaches, putting more than 56 million payment cards information at risk, adding them next to other big name breaches of the year.

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