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
50%
50%
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
50%
50%
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
50%
50%
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
50%
50%
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
50%
50%
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
50%
50%
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?


COVID-19: Latest Security News & Commentary
Dark Reading Staff 7/2/2020
Ripple20 Threatens Increasingly Connected Medical Devices
Kelly Sheridan, Staff Editor, Dark Reading,  6/30/2020
DDoS Attacks Jump 542% from Q4 2019 to Q1 2020
Dark Reading Staff 6/30/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
The Threat from the Internetand What Your Organization Can Do About It
The Threat from the Internetand What Your Organization Can Do About It
This report describes some of the latest attacks and threats emanating from the Internet, as well as advice and tips on how your organization can mitigate those threats before they affect your business. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-9498
PUBLISHED: 2020-07-02
Apache Guacamole 1.1.0 and older may mishandle pointers involved inprocessing data received via RDP static virtual channels. If a userconnects to a malicious or compromised RDP server, a series ofspecially-crafted PDUs could result in memory corruption, possiblyallowing arbitrary code to be executed...
CVE-2020-3282
PUBLISHED: 2020-07-02
A vulnerability in the web-based management interface of Cisco Unified Communications Manager, Cisco Unified Communications Manager Session Management Edition, Cisco Unified Communications Manager IM & Presence Service, and Cisco Unity Connection could allow an unauthenticated, remote attack...
CVE-2020-5909
PUBLISHED: 2020-07-02
In versions 3.0.0-3.5.0, 2.0.0-2.9.0, and 1.0.1, when users run the command displayed in NGINX Controller user interface (UI) to fetch the agent installer, the server TLS certificate is not verified.
CVE-2020-5910
PUBLISHED: 2020-07-02
In versions 3.0.0-3.5.0, 2.0.0-2.9.0, and 1.0.1, the Neural Autonomic Transport System (NATS) messaging services in use by the NGINX Controller do not require any form of authentication, so any successful connection would be authorized.
CVE-2020-5911
PUBLISHED: 2020-07-02
In versions 3.0.0-3.5.0, 2.0.0-2.9.0, and 1.0.1, the NGINX Controller installer starts the download of Kubernetes packages from an HTTP URL On Debian/Ubuntu system.