Cyber Insurance Industry Expected To Boom


An anonymous reader writes “The high profile hacks to Sony’s systems this year were quite costly — Sony estimated losses at around $200 million. Their insurance company was quick to point out that they don’t own a cyber insurance policy, so the losses won’t be mitigated at all. Because of that and all the other notable hacking incidents recently, analysts expect the cyber insurance industry to take off in the coming year. ‘Last October, the S.E.C. issued a new guidance requiring that companies disclose “material” cyber attacks and their costs to shareholders. The guidance specifically requires companies to disclose a “description of relevant insurance coverage.” That one S.E.C. bullet point could be a boon to the cyber insurance industry. Cyber insurance has been around since the Clinton administration, but most companies tended to “self insure” against cyber attacks.'”

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Cyber Insurance Industry Expected To Boom

U.S. Congress Authorizes Offensive Use of Cyberwarfare


smitty777 writes “Congress has recently authorized the use of offensive military action in cyberspace. From the December 12th conference on the National Defense Authorization Act, it states, ‘Congress affirms that the Department of Defense has the capability, and upon direction by the President may conduct offensive operations in cyberspace to defend our Nation, Allies and interests, subject to: (1) the policy principles and legal regimes that the Department follows for kinetic capabilities, including the law of armed conflict; and (2) the War Powers Resolution.’ According to the FAS, ‘Debate continues on whether using the War Powers Resolution is effective as a means of assuring congressional participation in decisions that might get the United States involved in a significant military conflict.'”

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U.S. Congress Authorizes Offensive Use of Cyberwarfare

Volkswagen Turns Off E-mail After Work-Hours

wired_parrot writes “Responding to complaints from employees that email outside of working hours was disrupting their lives, Volkswagen has taken the step of shutting their email servers outside work-hours. Other companies have taken similar steps, with at least one taking the extraordinary step of banning internal e-mail altogether. Is this new awareness of the disruption work email brings on employee’s personal life a trend?”

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Volkswagen Turns Off E-mail After Work-Hours