Cybersecurity is a topic of discussion at most board meetings, according to a new survey of 200 corporate directors. The survey, conducted jointly by NYSE Governance Services and security vendor Veracode, revealed that more than 80 percent of board members say that cybersecurity is discussed at most or all board meetings. via Cybersecurity on the […]

Posted in Risk Mgmt, Top | Tagged Board of Directors

We don’t cover stupid, says cyber insurer that’s fighting a payout | Naked Security

By Securities Docket on May 28, 2015, 9:33 am

Cottage’s insurer, Columbia Casualty, earlier in May filed a complaint against Cottage Health System, claiming that whatever money it had to pay out under the policy would have to be paid right back to it, for the same reasons that the class action lawsuit had been filed: because the healthcare provider allegedly failed to follow […]

Posted in Risk Mgmt, Top | Tagged Cyberinsurance

Cybersecurity Docket News Wire for May 27, 2015

By Securities Docket on May 28, 2015, 8:55 am

Get caught up with the Cybersecurity Docket News Wire for May 27, 2015.

Posted in News Wire | Tagged News Wire

IRS cut its cybersecurity staff by 11% over four years | Computerworld

By Securities Docket on May 28, 2015, 7:41 am

In 2011, the IRS employed 410 people in its cybersecurity organization, but by 2014 the headcount had fallen by 11% to 363 people, according to annual reports about IRS information technology spending by the U.S. Treasury Department Inspector General. via IRS cut its cybersecurity staff by 11% over four years | Computerworld

Posted in Regulatory, Risk Mgmt, Top | Tagged IRS

Cyberthreats a Top Concern for American Businesses in 2015 | Legaltech News

By Securities Docket on May 27, 2015, 8:57 am

The risks that pose threats to American businesses are many and varied, but each year some gain more focus from business leaders. This year, cybersecurity soared to the top of the list according to the second annual Travelers Business Risk Index. via Cyberthreats a Top Concern for American Businesses in 2015 | Legaltech News

Posted in Risk Mgmt, Top | Tagged Surveys

Cybersecurity Docket News Wire for May 26, 2015

By Securities Docket on May 27, 2015, 8:55 am

Get caught up with the Cybersecurity Docket News Wire for May 26, 2015.

Posted in News Wire | Tagged News Wire

Target, MasterCard Data Breach Settlement Reaches a Dead End — Zacks.com

By Securities Docket on May 27, 2015, 7:26 am

The proposed $19 million settlement between Target Corporation and MasterCard Incorporated to resolve the data breach issue has fallen apart as per sources. Lack of adequate support from banks has been cited as the main reason. via Target, MasterCard Data Breach Settlement Reaches a Dead End — Zacks.com

Posted in Data Breach, Top | Tagged Settlements