Articles Tagged with ''data breach costs''

An engaged leadership team already understands the greater domain awareness provided by converged surveillance systems, but how about the next step toward robust risk management: cybersecurity and cyberspecific insurance?

If your enterprise is relying on its traditional all-hazards insurance plan to provide adequate cyber coverage, you might be dangerously mistaken.

Illinois residents are increasingly worried about how businesses protect their personal and financial information in the wake of widespread data breaches in 2013. The Illinois Attorney General’s Office saw a 1,600-percent increase in data breach complaints compared to 2012. The office received more than 20,500 complaints in 2013, and identity theft complaints recorded the largest increase – from 2,544 complaints in 2012 to 3,009 in 2013. Within this category, Attorney General Lisa Madigan’s office reported a significant increase in complaints about data breaches specifically – from 33 complaints in 2012 to 576 in 2013.