Digital Banking App Dave Suffers from Security Breach
The banking app Dave announced they had encountered a security breach after a cyber-hacker published the sensitive information of over seven million users on a public forum. The company stated the security breach stemmed from a…
Read Moreabout Digital Banking App Dave Suffers from Security Breach
Man Charged in Retirement Accounts Theft Case
An individual was recently found guilty of three counts of bank fraud and one count of aggravated identity theft. A federal grand jury charged Hoa Vo of Santa Ana, California, with siphoning hundreds of thousands…
Read Moreabout Man Charged in Retirement Accounts Theft Case
Is It a Fiduciary Breach not to Have Cyber Liability Insurance?
Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill in their field. They also owe a duty of loyalty to plan…
Read Moreabout Is It a Fiduciary Breach not to Have Cyber Liability Insurance?
Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets
During this time of uncertainty, industries are particularly vulnerable to cyber breaches. Last year alone, ransomware targets forfeited over $1.3 billion to hackers, including high-profile victims like hospitals, airlines and retailers. However, small businesses are…
Read Moreabout Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets
Cancer Care Data Breach Involves 55k Patients
Cancer Care Group, one of the largest privately-owned radiation oncology programs in the United States, has suffered from a serious data breach that swiped patient names and addresses, social security numbers, dates of birth, insurance…
Read Moreabout Cancer Care Data Breach Involves 55k Patients
Amazon Fights off Largest Ever DDoS Attack
Amazon announced its cloud-services provider, Amazon Web Services, recently fended off the greatest DDoS cyber-attack in history. Amazon web services, which offers the very infrastructure hundreds of companies rely on, defended itself against a Distributed…
Read Moreabout Amazon Fights off Largest Ever DDoS Attack
401(k) Plan Administrators: Beware of Increasing Identity Fraud
According to Javelin Strategy & Research’s 2020 Identity Fraud Report, digital criminals are targeting the financial services industry and their devastating tactics will negatively impact customers throughout the next 12 months. The study amplifies that…
Read Moreabout 401(k) Plan Administrators: Beware of Increasing Identity Fraud
Safeguard Your Remote Workplace with Cyber Liability Insurance
A cyber-attack can not online bring your remote workforce to its knees, but damage your company for years to come. Operational continuity is paramount for establishments at the peak of fruitfulness, and during this pandemic,…
Read Moreabout Safeguard Your Remote Workplace with Cyber Liability Insurance
Putnam Settles for $12.5 Million in ERISA Case
In recent ERISA litigation headlines, there was a monumental divide between the nation’s courts in determining who exactly bears the burden of proof in a lawsuit. The original case, Brotherston v. Putnam Investments, LLC was…
Read Moreabout Putnam Settles for $12.5 Million in ERISA Case