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.

Risk

4/4/2017
09:20 AM
50%
50%

AIG Rolls Out Policy for Cyberthreat Coverage

Insurance firm AIG will now cover expenses related to extortion, cyber bullying, and other digital threats.

Insurance companies have started to respond to the alarming rise in cyber incidents by providing cyber coverage to clients, Reuters reports. American International Group Inc (AIG) is the latest to do so with its Family CyberEdge plan, which will cover customers' expenses related to online extortion, bullying, etc.

Recent trends have shown that high-profile individuals are becoming targets of hackers who steal and leak victims' sensitive personal details and photographs online. The US government is ready to recall certain privacy rules and insurance companies are scrambling to cash in on it.

Premiums for such coverage vary but would typically be less than $100 for $25,000 to $50,000 of coverage. According to Jerry Hourihan of AIG Private Client Group, policies cost around 10-15% of a homeowner’s premium.

Coverage provided typically includes malware removal, online fraud reimbursement, data restoration, family electronic device assessment, and cyberthreat monitoring.

Read Reuters for details.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
Judy Myerson
50%
50%
Judy Myerson,
User Rank: Apprentice
4/4/2017 | 9:47:24 AM
Many thanks
Many thanks for this valuable information.
Cloud Security Startup Lightspin Emerges From Stealth
Kelly Sheridan, Staff Editor, Dark Reading,  11/24/2020
Look Beyond the 'Big 5' in Cyberattacks
Robert Lemos, Contributing Writer,  11/25/2020
Why Vulnerable Code Is Shipped Knowingly
Chris Eng, Chief Research Officer, Veracode,  11/30/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: I think the boss is bing watching '70s TV shows again!
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-7335
PUBLISHED: 2020-12-01
Privilege Escalation vulnerability in Microsoft Windows client McAfee Total Protection (MTP) prior to 16.0.29 allows local users to gain elevated privileges via careful manipulation of a folder by creating a junction link. This exploits a lack of protection through a timing issue and is only exploit...
CVE-2020-15257
PUBLISHED: 2020-12-01
containerd is an industry-standard container runtime and is available as a daemon for Linux and Windows. In containerd before versions 1.3.9 and 1.4.3, the containerd-shim API is improperly exposed to host network containers. Access controls for the shim’s API socket verified that...
CVE-2020-9114
PUBLISHED: 2020-12-01
FusionCompute versions 6.3.0, 6.3.1, 6.5.0, 6.5.1 and 8.0.0 have a privilege escalation vulnerability. Due to improper privilege management, an attacker with common privilege may access some specific files and get the administrator privilege in the affected products. Successful exploit will cause pr...
CVE-2020-9117
PUBLISHED: 2020-12-01
HUAWEI nova 4 versions earlier than 10.0.0.165(C01E34R2P4) and SydneyM-AL00 versions earlier than 10.0.0.165(C00E66R1P5) have an out-of-bounds read and write vulnerability. An attacker with specific permissions crafts malformed packet with specific parameter and sends the packet to the affected prod...
CVE-2020-4126
PUBLISHED: 2020-12-01
HCL iNotes is susceptible to a sensitive cookie exposure vulnerability. This can allow an unauthenticated remote attacker to capture the cookie by intercepting its transmission within an http session. Fixes are available in HCL Domino and iNotes versions 10.0.1 FP6 and 11.0.1 FP2 and later.