P.F. Chang’s restaurant chain suffered a cyber breach in which about 60,000 credit cards were stolen. The breach only affected 33 of the company’s approximately 400 restaurants, so it could have been much worse, even though it lasted 8 months. Still, the restaurant spent about $1.7 million recovering from the breach. If the breach hit […]
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For those companies who ask why they should invest in reducing cyber risk when they have cyber breach insurance – here is why. As a result of recent breaches, cyber insurance premiums for those companies whom insurance companies deem to be in high risk industries saw their premiums go up, on average, 32%. In addition, […]
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Everyone knows that the Sony breach was different than, say, the Target or Home Depot breach because of the damage that Sony is still, 10 weeks later, trying to recover from. But now, the insurance experts are adding yet another wrinkle – thanks Sony. According to the Hartford Courant, Sony may break new ground in the […]
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Is your business prepared for a cyber breach? Besides the cost, there is the potential for damage to your reputation , loss of customers, distraction while dealing with it and the potential for lawsuits, which can go on for years. An article at AZCentral.com talks about the subject and the fact that hundreds of small […]
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An article at Investors.com made a number of good points, but I have a bone to pick about one point. First the good points – One of the many changes that the Internet brought about is that it is easier than ever to steal someone’s data. You don’t have to break in to someone’s house […]
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