Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Comments
Why You Shouldn't Count On General Liability To Cover Cyber Risk
Newest First  |  Oldest First  |  Threaded View
RyanSepe
RyanSepe,
User Rank: Ninja
10/21/2014 | 1:10:31 PM
Re: CGL Coverage
If this is the case involving CGL and its verbiage is somewhat dated then it would seem that the policies should be rearchitected. Especially, when the idea from an legal perspective is to help alleviate fiscal struggles in times of breach. It needs to evolve alongside cyber risk policies if it would like to compete in that vector.
SgS125
SgS125,
User Rank: Ninja
10/20/2014 | 3:59:52 PM
Re: CGL Coverage
Actually you would be wise to take advantage of the low rates.  You will in fact get more than you pay for until the experience catches up with the rates.  This would be a bargain right now, not a bad deal at all.  Just remember to read the entire policy.  I bet you read your auto and homeowners policy Right :)
GonzSTL
GonzSTL,
User Rank: Ninja
10/20/2014 | 12:56:12 PM
Re: CGL Coverage
Actually, companies issuing cyber insurance stand to lose big time unless they increase their rates and call for increased level of proactive security and risk management by companies they insure. When big companies like Target and Home Depot, and even very large banks like JP Morgan get breached, the costs associated with addressing that breach get incredibly expensive.
GonzSTL
GonzSTL,
User Rank: Ninja
10/20/2014 | 12:47:03 PM
Re: CGL Coverage
CGL was invented a long time ago, and really is not intended to cover cyber risk. In fact, new CGL policies expressly exclude coverage for cyber security incidents. At the same time, cyber risk policies are evolving at a very rapid pace in order to keep up with the rapidly changing threat landscape and new vectors for attack, and require that organizations demonstrate a proactive role in their own cyber defense strategy prior to coverage. What once was a niche market, cyber risk coverage really has come into its own as a critical component of risk management.
Marilyn Cohodas
Marilyn Cohodas,
User Rank: Strategist
10/20/2014 | 12:08:43 PM
Re: CGL Coverage
"pricing for cyber liability insurance is stupid low" 

Another example that you get what you pay for.
RyanSepe
RyanSepe,
User Rank: Ninja
10/20/2014 | 11:09:06 AM
CGL Coverage
Not that I think any organization should be reliant on a CGL to bail them out but if a CGL does not encompass cyber threats, than what does it cover from an Information Security perspective?


Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Incorporating a Prevention Mindset into Threat Detection and Response
Threat detection and response systems, by definition, are reactive because they have to wait for damage to be done before finding the attack. With a prevention-mindset, security teams can proactively anticipate the attacker's next move, rather than reacting to specific threats or trying to detect the latest techniques in real-time. The report covers areas enterprises should focus on: What positive response looks like. Improving security hygiene. Combining preventive actions with red team efforts.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2022-25878
PUBLISHED: 2022-05-27
The package protobufjs before 6.11.3 are vulnerable to Prototype Pollution which can allow an attacker to add/modify properties of the Object.prototype. This vulnerability can occur in multiple ways: 1. by providing untrusted user input to util.setProperty or to ReflectionObject.setParsedOption ...
CVE-2021-27780
PUBLISHED: 2022-05-27
The software may be vulnerable to both Un-Auth XML interaction and unauthenticated device enrollment.
CVE-2021-27781
PUBLISHED: 2022-05-27
The Master operator may be able to embed script tag in HTML with alert pop-up display cookie.
CVE-2022-1897
PUBLISHED: 2022-05-27
Out-of-bounds Write in GitHub repository vim/vim prior to 8.2.
CVE-2022-20666
PUBLISHED: 2022-05-27
Multiple vulnerabilities in the web-based management interface of Cisco Common Services Platform Collector (CSPC) Software could allow an unauthenticated, remote attacker to conduct a cross-site scripting (XSS) attack against a user of the interface. These vulnerabilities are due to insufficient va...