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Target Sues Insurer Over 2013 Data Breach Costs

Data Breach Today

Lawsuit Claims Insurer Owes Retailer for Coverage of Card Replacement Costs Target has filed a lawsuit against its long-time insurer, ACE American Insurance Co., in an attempt to recoup money it spent to replace payment cards as part of settlements over the retailer's massive 2013 data breach.

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News Alert: QBE North America launches new cyber insurance program with Converge

The Last Watchdog

New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. Tom Kang, CEO, Converge, added, “We’re thrilled to partner with QBE North America given their experience and reputation in the cyber insurance market.

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2022 Retail Industry Year in Review

Hunton Privacy

On January 25, 2023, Hunton Andrews Kurth’s retail industry team released its annual Retail Industry in Review publication, which provides an overview of key issues and trends that impacted the retail sector in the past year, as well as a preview of relevant legal issues retailers can expect to arise in 2023.

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The Weeks in Cyber Security and Data Privacy: 18 – 31 December 2023

IT Governance

TB exfiltrated Comcast Cable Communications, LLC (Xfinity) Source 1 ; source 2 (New) Telecoms USA Yes 35,879,455 Tecnoquadri Srl Source (New) Manufacturing Italy Yes 33,000,000 Asia Insurance Co.

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Australia's Data Breach Debacle Expands

Data Breach Today

Cyber extortionists who attacked Australian health insurer Medibank provided proof of their hack of medical data. Also, stolen data from Australian wine retailer Vinomofo was put up for sale on a Russian-language forum.

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Focus on customer experience to stand out from your retail banking competitors

OpenText Information Management

That’s definitely true in the retail banking sector. CX Index: What is it, and … The post Focus on customer experience to stand out from your retail banking competitors appeared first on OpenText Blogs. However, when that’s what everyone else in your industry is doing, there’s a lot less room to stand out.

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Cybersecurity Insurance

Schneier on Security

Good article about how difficult it is to insure an organization against Internet attacks, and how expensive the insurance is. Companies like retailers, banks, and healthcare providers began seeking out cyberinsurance in the early 2000s, when states first passed data breach notification laws.