Intel

The risk of a cyberattack is a leading concern for a majority of business owners, yet many have not taken some of the key steps needed to prevent or respond to a cyber incident, according to a new survey of business leaders. The Travelers Risk Index, an annual report that studied more than 1,200 business decision-makers, found that cyber risks…

The social networking site Twitter is the target of a $250 million lawsuit recently filed by a group of 17 music publishers over alleged copyright infringements. According to a June 14 report from Forbes, the lawsuit was filed by the National Music Publishers’ Association and seeks up to $150,000 for each of the 1,700 songs that Twitter is claimed to…

As artificial intelligence is increasingly integrated into the business landscape, experts are raising concerns over the risks it could introduce to data security — particularly with the rise of generative AI models such as ChatGPT. Forbes recently reported on how the platforms could affect the data privacy of businesses, and companies like Apple and Samsung have taken steps to prevent…

Global cyberattacks grew 38% between 2021 and 2022, and experts believe the risk will only continue to escalate. In the news, a steady stream of reports detail the myriad ways that sensitive data can be exposed — and show that the risk can come from outside an organization or within it. Earlier this month, Kris 6 News reported that a…

More than six years after a data breach that disclosed 2.81 million patients’ protected health information, Banner Health has agreed to pay $1.25 million to the U.S. government to settle potential violations of the Health Insurance Portability and Accountability Act (HIPAA), Campus Safety Magazine recently reported. The Arizona-based healthcare system also agreed to implement changes to better protect patient information.…

2022 was a year that few in the Property and Casualty (P&C) sector could have predicted. Instead of stability, the market remained largely volatile, especially in the Property sector and the reinsurance marketplace. Many carriers suffered through unprofitable years thanks to Hurricane Ian, inflation, and an adverse property insurance environment primarily in Florida and Gulf coast states. Above all, losses…

With inflation driving up costs, increased demand for coupon codes and deals could make shoppers particularly vulnerable to cyber scams this holiday season, according to reports. Cybersecurity experts recently told news outlet Axios that hackers are using heightened interest in online discounts to target consumers for phishing and ransomware scams. Other reports also point to the…

Below we highlight the top 3 trending Cybersecurity Awareness-related intel topics. 1. Trending News Attesting to MFAs, Security Protocols a Key Part of Cyber Protection The necessity for companies to have data security practices in place in order to secure cyber coverage is crucial to managing risk, our experts advise. As…

A major insurance carrier is attempting to rescind a cyber policy based on the client’s alleged misrepresentation of its digital security protocols. According to reports, Travelers recently sought a ruling in the U.S. District Court for the Central District of Illinois to rescind its Cyber and Privacy Liability Insurance policy with Illinois-based International Control Services because the company was not…

The voice assistant “Alexa” featured on Amazon’s Echo Dot and other devices has been collecting data on millions of customers without their knowledge and using it for targeted advertising, a new lawsuit against the company alleges. Filed June 8 in the U.S. District Court in Seattle, Washington, the lawsuit seeks class-action status and claims that Amazon…

A virtual “try-on” tool for sunglasses offered by Louis Vuitton collected customers’ facial scan data without their consent, violating the Illinois Biometric Privacy Protection Act, a new lawsuit against the luxury brand alleges. The proposed class-action suit, filed April 8, claims the LVMH corporation’s North America unit took biometric data from online shoppers when they used their webcams to try…

Cryptocurrency’s shift into the mainstream was validated on Super Bowl Sunday, when fans watching the Feb. 13 event were so engaged with a commercial by the cryptocurrency exchange platform Coinbase that the company’s website temporarily crashed. Coinbase aired a 60-second ad featuring a bouncing QR code that, upon being scanned, brought fans to a promotional site offering $15 in free…