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"Security"
Executives from 15 auto companies met with U.S. Transportation Secretary Anthony Foxx Tuesday to discuss specific industrywide actions that can improve safety and prevent cars from being hacked.
The meeting was convened after record numbers of cars have been recalled in the last several years, Namrata Kolachalam, the Transportation Department’s press secretary, said in an e-mailed statement. Continue reading
Businesses and organizations should expect cyber criminals to attack through wearable devices, employees’ home systems, cloud services and automobiles within the next year, according cyber experts at Intel’s McAfee Labs.
By 2020, individuals could be receiving payment for sharing their personal data and hackers could be manipulating markets in their favor through financial intelligence gathering, the experts also predict. Continue reading
Insurance Journal, October 2015
The cyber risk insurance market is experiencing rapid development, with … Continue reading
More than $75.5 million has been spent on cyber claims losses as reported in the latest Cyber Claims Study published by NetDiligence, a cyber risk assessment and data breach services company. Continue reading
Hackers can already take control of a car. And as vehicles become rolling shopping malls, cybercriminals will have an opportunity to snatch your identity, too.
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A U.S. appeals court on Monday said the Federal Trade Commission has the authority to regulate cyber security and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp. of failing to safeguard consumers’ personal information. Continue reading
Having one person handle all aspects of accounting puts a business in a VERY vulnerable position. There is no one there really checking that everything is accurate and watching the money so to speak. This leaves a lot of room for employee dishonesty. There are some basic controls that can be put in place to help eliminate such losses. The easiest may be an annual outside audit, to help lower the risk of fraud. Small business owners often feel close to their employees and put a lot of trust in them leaving little room for acknowledging dishonesty. Continue reading
There are two different insurance policies that will cover employee theft; a commercial package policy with a crime endorsement or a separate crime policy. Many business owners think that their commercial property coverage will protect them against employee dishonesty; however, typically property policies do not cover cash or funds and exclude accounts. Continue reading
