Tag Archive for: insurance

Yahoo’s reported willingness to pay $11M for ‘insurance’ was the real March Madness

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You may recall that last year around this time Yahoo, Warren Buffett and Quicken Loans teamed up to offer this challenge: If anyone could pick the winner of every single game in the NCAA’s 64-team, six-round March Madness basketball tournament, he or she would win a billion dollars.

No one met the challenge, or came close. In fact, the tournament wasn’t even half over before the final perfect bracket sheet was no longer perfect. This came as no surprise to anyone, in large part because the odds against completing the challenge successfully were one in 9 quintillion or one in 128 billion, depending on who’s doing the math, according to this explanation in Slate.

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Network World Paul McNamara

Force Majeure – insurance for cyber-warfare? – SC Magazine UK

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SC Magazine UK

Force Majeure – insurance for cyber–warfare?
SC Magazine UK
With that position, many of the hacked companies (prior to the attacks), purchased cyber–warfare insurance and then proceeded to cut IT investment in security under the theory that there was no point spending money for something that does not work and …

cyber warfare – read more

Insurance giant Anthem discloses huge customer and employee data breach

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Anthem, one of the largest U.S. health insurers, said Wednesday one of its IT systems was breached, resulting in the loss of customer and employee information including income data.

The insurer, which set up a special web page on Wednesday addressing the breach, said it will still assessing the impact of the attack.

MORE: 9 Data Breaches That Cost Someone Their Job

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Network World Security

Updated NIST Guide Provides Computer Security Assessment Procedures for … – Insurance News Net

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Updated NIST Guide Provides Computer Security Assessment Procedures for …
Insurance News Net
WASHINGTON , Aug. 1 — The U.S. Department of Commerce's National Institute of Standards and Technology issued the following news: The National Institute of Standards and Technology (NIST) has issued for public comment a draft update of its primary …

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