Tag Archives: Data Breaches

Cyber Crime: WannaCry Screams the Need to Protect Against Ransomware

Cyber Crime: WannaCry Screams the Need to Protect Against RansomwareRansomware as a threat has been on the scene for a while, but it’s increasingly rising and widespread. Take a look at WannaCry, the recent ransomware that affected more than 200,000 computer systems in more than 150 countries and crippled transportation and hospitals globally. The majority affected were Windows-based computers that were not updated with a recently available and easily deployed patch.

Ransomware is a type of malware that, upon

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What to Consider When Purchasing Cyber Liability Insurance

What to Consider When Purchasing Cyber Liability InsuranceThe message is loud and clear: Today, data breaches and network security issues are becoming increasingly more commonplace. Now it’s time to look at purchasing Cyber Liability insurance if you haven’t done so already. If you have insurance but are unsure whether your coverage is robust and comprehensive enough to respond to the various cyber exposures that exist, now is also the time to have Cyber insurance professionals review your …

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2015 Healthcare Industry Facing More Data Breaches

The Year Ahead Sees Healthcare Industry Facing More Data BreachesRobust Security Measures, Cyber Liability Insurance Integral to Risk Mitigation

 

A new report from Experian cites the healthcare industry as continuing to be an attractive target for cyber criminals into 2015 due to the sector’s expanding number of access points to protected health information (PHI) and other sensitive data via electronic health records and the growing popularity of wearable technology.

According to Experian’s second annual Data Breach Industry Forecast, …

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Cyber Insurance: Reputational Damage, Loss of Customers Fall-Out from Data Breaches

Cyber-Insurance-Reputational-Damage-Loss-of-Customers-Fall-Out-from-Data-Breaches-300x200

 New Study Shows Reputation, Loss of Customer Loyalty Cause Most Damage to Bottom Line

We’ve all been watching closely the fall-out from Target’s data breach during the holidays late last year when the retailer disclosed that 40 million credit card and debit cardholders were compromised. A month later in January, Target raised its number of customers affected by the breach to 70 million and lowered its fourth-quarter profit forecast (in …

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Is Your Business Insured Against Data Breaches?

Is Your Business Insured Against Data BreachesNational Cyber Security Awareness Month Puts Focus on Cyber Threats

At Axis Insurance Services, LLC, one of our top priorities is to work with clients to make sure they fully understand the threats they face in the digital age… and this goes for all clients across all industries. Whether you’re a small business, tech company, retail operation, hotel chain, medical facility, municipality, nonprofit, or large publicly traded corporation, your …

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Data Breaches: FTC Files Lawsuit Against Wyndham Hotel

Data Breaches: FTC Files Lawsuit Against Wyndham HotelData Breaches: FTC Files Lawsuit Against Wyndham Hotel

Last month, the Federal Trade Commission filed a lawsuit against Wydham Worldwide and three of its units, claiming that the hotel and its timeshare company failed to establish standard security measures resulting in three data breaches in less than two years (between 2008 and 2010).

The FTC lawsuit alleges that because of the hotel’s failure, consumer accounts were hit with fraudulent charges, …

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