What is the Cost of a Data Breach?
Like any other variety of pervasive thievery, data breaches emerge with a ponderous cost. Data thieves utilize evolving criminal techniques to carefully slip past sub-par security measures and expeditiously dine on a company’s finest sensitive…
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Missouri Historical Society Data Compromised During Cyber-Breach
The Missouri Historical Society, or MHS, recently notified their donors that personal information like dates of birth, names, and addresses was possibly compromised during a severe data breach. Transpiring in May of this year, the…
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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…
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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…
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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…
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Average 401(k) Soars Through 2020
We could all use some good news, especially during this difficult, uncomfortable time. According to the estimates from the Employee Benefit Research Institution, in what is being called the best quarterly market in decades, the…
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Mozilla to Block Malicious Downloads in Firefox
To combat the latest cyber-security threats, the company Mozilla stated that its newest version of its Firefox web browser will incorporate an updated malware-blocking service that will verify signatures for the application downloads. If signed,…
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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…
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Twitter Data Leak Exposes Clients
Twitter has just informed their business clients of a potential data breach include phone numbers, email addresses, and card numbers that may have been exposed by hackers. Billing information viewed on Twitter Ads or Twitter…
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