Insurance

Wanted: Clean Bills on Data Breach and Cyber Intel Sharing | Digital Guardian

In-brief: Two pieces of legislation moving through Congress could address glaring needs for more legal protections for companies that want to share information on cyber attacks. They would also grease the wheels of the federal government’s omnibus surveillance machine. Read this post in its entirety on Digital Guardian’s blog. 

connected-vehicles

Cyber Lemons: Lawsuit alleges Hackable Cars Pose Risks to Consumers

  In-brief: A lawsuit filed in California charges U.S. automakers with endangering their customers by failing to protect ‘connected vehicle’ features from cyber attack. 

Do Companies Need a Chief IoT Officer? | VentureBeat

In-brief: An article on the web site Venturebeat.com makes the case for a Chief Internet of Things Officer to manage adoption of new technologies. But are companies ready for a CIoT? 

Cyber insurance: Only fools rush in | ITworld

Cyber incidents these days tend to follow a familiar pattern: law enforcement is contacted and will begin criminal investigations. Cyber forensic investigators are hired to piece together what happened and security consultants will analyze and remove the malware from any affected systems. Finally: customers who were affected are notified and – typically -offered free credit monitoring services. All of these services come at a cost, of course, as does the business disruption that results. Current cyber insurance policies are structured to recover some or most of those costs. Now companies – from the Fortune 10 on down – are looking to hedge their online risks with various kinds of business insurance. That demand, in turn, is fueling a rapid expansion of the cyber insurance industry that was little more than a niche offering five years ago. But insurance industry experts and corporate security professionals offer words of advice for companies that think they […]

Is IoT Innovation Outpacing Our Ability To Keep It Safe?

GigaOm has an interesting, high-level piece that looks at the issue of law, liability and the Internet of Things. The article takes off from a discussion at the Download event in New York City earlier this month, wondering whether adoption of Internet of Things technologies like wearables is starting to run far ahead of society’s ability to manage them.   Specifically: is the pace of technology innovation outstripping the ability of our legal system to reign in excess and protect public safety and civil liberties? On the list of ‘what-if’s’ are some familiar questions: How to assign liability. (“If one of Google’s automated cars crashes, is it the fault of the driver or Google?”) Read more Security Ledger coverage of Internet of Things here.  What responsibility to users have to take advantage of safety features in connected products? (Does a parent’s failure to password-protect a baby monitor change the manufacturer’s liability when and […]