10 Notable Retailer Cyber Losses

Although dwarfed in size and scope by more recent incidents, three of the most well-known mega-breaches involved large retail chains. With the approach of the holiday shopping season, our loss data experts pulled together these and other cyber incidents against retailers, as highlights from our 55,000+ cyber incidents.

Read more at https://www.advisenltd.com/2017/11/15/notable-retailer-cyber-losses/

Advisen Ltd. November 2017. 10 Notable Retailer Cyber Losses [White Paper].

‘Coming Storm’ Emphasizes Need for Greater Insurance-Technology Alliance on Cyber Risk

Ben Beeson is no longer brokering cyber insurance. In a new role, he’s tasked with building a bridge between technology and insurance.

Beeson, former cyber risk practice leader with Lockton, joined start-up Arceo Analytics in the summer. The information technology and service provider remains in stealth mode but Beeson spoke with Advisen about his move.

“We’re on the cusp of a major shift in the way insurers and their customers evaluate cyber risk,” Beeson told Advisen “Fundamentally, that’s to do with the increasing ability to capture data points that were not previously available – in real time.”

Read more at https://www.advisenltd.com/2017/11/09/coming-storm-emphasizes-need-greater-insurance-technology-alliance-cyber-risk/

Chad Hemenway, ‘Coming storm’ emphasizes need for greater insurance-technology alliance on cyber risk (November 9, 2017), available with subscription at Advisen Cyber Front Page News.

What’s Trending in Cyber Liability Claims for Financial Institutions?

April 2017

Cyber-criminals are increasingly targeting smaller financial institutions, according to data from Nationwide and Advisen Ltd. In this infographic, the two companies show that while 53 percent of cyber incidents in the past five years affected larger companies or those with annual revenues greater than $1 billion, hackers are increasingly going after smaller firms.

This and more findings are featured in What’s Trending in Cyber Liability Claims for Financial Institutions?, an infographic that looks at the types of cyber incidents and sources of data loss. Nationwide and Advisen also examine the percentage increases in malicious data breaches and network disruptions.

Click here to download the full infographic: http://www.advisenltd.com/2017/04/07/whats-trending-cyber-liability-claims-financial-institutions/

Nationwide. Advisen Ltd. April 2017. What’s trending in cyber liability claims for financial institutions? [Infographic].

Current and Former Employees are the Most Common Perpetrators of Fraud: Report

Insiders were the leading source of fraud, cyber, and security incidents over the previous 12 months, according to Kroll’s 2016/17 Global Fraud & Risk report.

The survey of 545 senior executives worldwide revealed that 82 percent had suffered from a fraud incident in the past year. This was a substantial seven percentage point increase from 2015.

Read more at http://www.advisenltd.com/2017/01/19/current-former-employees-common-perpetrators-fraud-report/

Josh Bradford, Current and former employees are the most common perpetrators of fraud: report (January 19, 2017), available with subscription at Advisen Cyber Front Page News.