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.

Database Security
Authentication
Mobile
Privacy
Compliance
Careers and People
Identity & Access Management
Security Monitoring
Advanced Threats
Insider Threats
Vulnerability Management
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
Everything You Need to Know About DNS Attacks
It's important to understand DNS, potential attacks against it, and the tools and techniques required to defend DNS infrastructure. This report answers all the questions you were afraid to ask. Domain Name Service (DNS) is a critical part of any organization's digital infrastructure, but it's also one of the least understood. DNS is designed to be invisible to business professionals, IT stakeholders, and many security professionals, but DNS's threat surface is large and widely targeted. Attackers are causing a great deal of damage with an array of attacks such as denial of service, DNS cache poisoning, DNS hijackin, DNS tunneling, and DNS dangling. They are using DNS infrastructure to take control of inbound and outbound communications and preventing users from accessing the applications they are looking for. To stop attacks on DNS, security teams need to shore up the organization's security hygiene around DNS infrastructure, implement controls such as DNSSEC, and monitor DNS traffic
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2023-33196
PUBLISHED: 2023-05-26
Craft is a CMS for creating custom digital experiences. Cross site scripting (XSS) can be triggered by review volumes. This issue has been fixed in version 4.4.7.
CVE-2023-33185
PUBLISHED: 2023-05-26
Django-SES is a drop-in mail backend for Django. The django_ses library implements a mail backend for Django using AWS Simple Email Service. The library exports the `SESEventWebhookView class` intended to receive signed requests from AWS to handle email bounces, subscriptions, etc. These requests ar...
CVE-2023-33187
PUBLISHED: 2023-05-26
Highlight is an open source, full-stack monitoring platform. Highlight may record passwords on customer deployments when a password html input is switched to `type="text"` via a javascript "Show Password" button. This differs from the expected behavior which always obfuscates `ty...
CVE-2023-33194
PUBLISHED: 2023-05-26
Craft is a CMS for creating custom digital experiences on the web.The platform does not filter input and encode output in Quick Post validation error message, which can deliver an XSS payload. Old CVE fixed the XSS in label HTML but didn’t fix it when clicking save. This issue was...
CVE-2023-2879
PUBLISHED: 2023-05-26
GDSDB infinite loop in Wireshark 4.0.0 to 4.0.5 and 3.6.0 to 3.6.13 allows denial of service via packet injection or crafted capture file