Data Breaches Growing Rapidly: Tech Companies Uninsured

Over the past two and a half years, there have been over 225 million reported consumer data breaches. This year alone, there have been more than 30 million reported security breaches of consumer data. No one knows the actual numbers since it is suspected that most security breaches are...

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http://www.insurancefortechs.com/data-breaches-growing-rapidly-tech-companies-uninsured.html

Insider Jobs Account For Most Cyber Theft Losses

Outside hackers, whether domestic or part of criminal gangs in Eastern Europe and Asia, get most of the media attention.
However, inside jobs by a company’s own employees account for 70% of all security incidents that result in losses according to some sources. This is know as authorized...

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http://www.insurancefortechs.com/insider-jobs-account-for-most-cyber-theft-losses.html

Recent Security And Privacy Claims Paid By Chartis

I came across an eye opening article from Chartis Insurance Company about real claims scenarios of payments made by their Executive Liability policy form. Most of the payements are over $1,000,000 and involve data breach caused by hackers and rogue employees.
Read Article: Security & Privacy...

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http://www.insurancefortechs.com/recent-security-and-privacy-claims-paid-by-chartis.html