After 9/11, Congress passed TRIA, the terrorism risk insurance act. They did this after insurance companies paid out more than $40 billion in claims from 9/11 and reinsurers – the companies that backstop the insurance companies – withdrew from the market. When the reinsurance market dried up, insurers stopped covering terrorism claims. The result of […]
Continue reading → [DISPLAY_ACURAX_ICONS]After the Sony hack attackers threatened movie theatres and movie goers if theatres showed the Sony movie “The Interview”, Sony announced today that it was cancelling the release. USAToday put the production cost of this movie at near $44 Million, which Sony stands to lose if they do not release this movie, but the risks […]
Continue reading → [DISPLAY_ACURAX_ICONS]In light of the recent cyber incidents, small and medium sized business owners should be looking at their cyber readiness and asking “Am I safe from cyber attacks?”. Unfortunately, for many businesses, the answer is no. The Huffington Post wrote an article on the issue and I think that some of the points that they […]
Continue reading → [DISPLAY_ACURAX_ICONS]The Department of Justice appears to be doing its best to kill off the cloud – at least in the U.S. Microsoft has been fighting, for months, a DoJ search warrant to provide emails and address book information for a customer who’s data is stored in an Irish data center. Microsoft has been fighting this […]
Continue reading → [DISPLAY_ACURAX_ICONS]UPDATE 12-17-14 : Sony has cancelled the New York premiere of the movie the Interview according to USAToday and is leaving it up to theatre owners to decide if they want to show the film. The cost of this move as well as if they have insurance to cover it is unknown, although it will […]
Continue reading → [DISPLAY_ACURAX_ICONS]A Minnesota judge has ruled that Target was negligent in the 2013 hack on their point of sale system according to infosecurity-magazine. Now while this is far from the last word on this issue and it will likely be appealed after the trials, it is important. For a judge to say that Target WAS NEGLIGENT […]
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