Tag Archives: Cost of a Data Breach

St. Louis Cardinals Hacking Scandal: A Real-World Example of the Importance of Password Management

The saga surrounding the St. Louis Cardinals hacking scandal concluded with the issuance of a final punishment from MLB. The scandal stemmed from the actions of the former Cardinals scouting director Chris Correa, after he illegally accessed the e-mail accounts of members of the Houston Astros front office as well as their scouting database. The Cardinals were ordered to forfeit their top two selections in the upcoming 2017 amateur draft to the Astros and pay them two million dollars within … Read More

Corporate Boards Beware: The FTC is Watching

FTCNow, more than ever, corporate boards must ensure their cybersecurity measures are up to par, funded, and properly implemented to avoid the FTC’s wrath. Corporate boards need to be cognizant of both ensuring that their cybersecurity measures are consistent with best practices and with nationally and internationally recognized data security standards — and that those cybersecurity measures can actually be met through commitment of sufficient resources. Otherwise, the Federal Trade Commission may find fertile ground to scrutinize the company, and … Read More

Cyber Insurance: How Do I Determine My Coverage Needs?

*This is the fourth post in a five-part series on cyber insurance, culminating in a webinar entitled “Insurance Coverage for Privacy and Data Breaches, Hot Topics and Critical Issues” on Wednesday, April 22, 2015, at 12:00-1:00 p.m. Eastern. 

Common questions we often hear from CEOs, CFOs, and Directors of businesses and public and private institutions are “How do we determine our cyber insurance coverage needs?  In other words, how do we know that we have enough insurance to protect our … Read More

Cyber Insurance: What do Cyber Insurance Policies Cover and Cost?

*This is the third post in a five-part series on cyber insurance, culminating in a webinar entitled “Insurance Coverage for Privacy and Data Breaches, Hot Topics and Critical Issues” on Wednesday, April 22, 2015 at 12:00-1:00 p.m. Eastern. 

Common questions we often hear from CEOs and CFOs are “what do cyber insurance policies cover and how much do they cost?”

Cyber risk insurance policies typically offer both first-party coverage (covering the policyholder’s losses) and third-party coverage (covering defense costs and … Read More

Cyber Insurance: Do I Really Need It?

*This is the first post in a five-part series on cyber insurance, culminating in a webinar entitled “Insurance Coverage for Privacy and Data Breaches: Hot Topics and Critical Issues” on Wednesday, April 22, 2015, at 12:00-1:00 p.m. Eastern. 

One of the most common questions we hear from CEOs, CFOs and Directors of businesses and public and private institutions is “Do I really need cyber insurance?”  Our answer is always an emphatic “Yes,” whether it is a … Read More

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