Data Breach Numbers Rise

“The latest U.S. Cost of a Data Breach Study… indicates a significant increase in not only the out of pocket cost of data breach incidents, but also the cost of lost business created by the turnover of customers due to the breach.”
At  $202 per comprised customer, U.S. companies have felt...

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http://www.insurancefortechs.com/data-breach-numbers-rise.html

Electronic Fraud Overtakes Traditional Theft Losses

For the first time, major international corporations are reporting higher fraud losses more from electronic theft of data than from physical stealing of assets, cash and inventory.  With 98 percent of businesses affected, China appears to have the highest level of fraud followed by Colombia...

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http://www.insurancefortechs.com/electronic-fraud-overtakes-traditional-theft-losses.html

Funds Transfer And Computer Fraud Crime Insurance Coverages Needed

I found an excellent bulletin from Travelers Insurance that describes the financial threats posed by funds transfer fraud and computer fraud and the need for specialized Crime Insurance Coverage.  The Travelers coverage version, wrap +, includes both Electronic Funds Transfer and Computer Fraud...

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http://www.insurancefortechs.com/funds-transfer-and-computer-fraud-crime-insurance-coverages-needed.html

Small Companies Prime Target For ACH Fraud

Online criminals are targeting small to midsized businesses according to the US Federal Bureau of Investigation.  Hackers are getting away with over $100 million in bank fraud through malicious programs know as Trojans. 
Trojans are planted into networks of target companies, stealing passwords...

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http://www.insurancefortechs.com/small-companies-prime-target-for-ach-fraud.html