Hashtag: #CyberSecurity
XL’s Cyber & Technology Risk Business Unit
To meet the rapidly growing demand for cyber insurance in the US and Canada, XL Group’s Global Professional unit has established a North America Cyber & Technology Risk business unit. XL Group previously provided cyber and technology errors and omissions insurance coverage through its Select Professional business unit, which provides miscellaneous... Read more of this article
Fifth Step Bermuda Offers Free Security Check
Fifth Step Bermuda, creators of the online Cyber Security Health Check, is urging Bermuda companies to take up their offer of a free assessment of current corporate security protocols as part of what should be an ongoing plan of real-time improvements. A spokesperson said, “Just last week, at the Bermuda Captive Conference, delegates were urged... Read more of this article
Govt To Use Microsoft’s Online Safety Material
The Minister of Education and Economic Development, Dr. Grant Gibbons last week signed a new agreement with the Microsoft Corporation for the continued use of the company’s online safety material. Microsoft will continue to supply the content material at no cost to the Bermuda Government. The agreement will take effect immediately and continue through... Read more of this article
PwC Report: Cyber, Economic Crime Is Growing
Some 45% of financial services respondents to PwC’s 2014 Global Economic Crime Survey say they have been victims of economic crime. And 39% of those respondents who reported economic crime during the survey period say they have been victims of cybercrime, as fraudsters increasingly turn to technology as their main crime tool. Around half who have... Read more of this article
Police Issue Advisory About Online Scams
The Bermuda Police Service Financial Crime Unit said they would like to remind members of the public to “remain vigilant regarding phishing e-mails and other scams that attempt to obtain personal information or other sensitive data.” “In particular, local residents are advised to be wary of a scam e-mail currently circulating allegedly... Read more of this article
Aspen Insurance’s New Data Security Services
Aspen US Insurance, part of the insurance segment of Bermuda-based Aspen Insurance Holdings Limited, announces new risk management and claims handling services for policyholders of its Converging Risk program which is underwritten and managed by ThinkRisk Underwriting Agency, a member company of Ryan Specialty Group. Ryan Specialty Group’s ThinkRisk... Read more of this article
Presentation On Cyber-Crimes Liability Disputes
The Bermuda Foundation For Insurance Studies [BFIS] will be co-hosting a presentation on Wednesday [July 10] by BFIS Donor Drinker Biddle & Reath LLP on the emerging liability disputes surrounding cyber-crime. The presentation is at the Fairmont Hamilton Princess from 5.00pm – 6.00pm with a cocktail reception to follow. “Following their... Read more of this article
Police Advisory: Fake Bank Email Circulating
The Bermuda Police Service Financial Crime Unit continues to advise the public to “remain vigilant regarding phishing e-mails that attempt to obtain personal information or other sensitive data. A spokesperson said, “In a recent example, an imitation bank e-mail claiming to be from Capital G titled ‘Important Information for our Customers’... Read more of this article
Government Signs Agreement With Microsoft
Minister of Business Development and Tourism, Wayne Furbert, signed a new agreement with the Microsoft Corporation on Wednesday [Nov 14] for the continued use of the company’s online safety material at no charge. The original agreement was signed on August 27, 2007 following the passage of the Criminal Code Amendment Act 2007 that provides comprehensive... Read more of this article
Police Issue Advisory About Scam Job Email
The police have issues a warning about online scams, specifically a scam email offering an alleged part time job which requires sending your personal details. The full statement follows below: Once again the Bermuda Police Service Financial Crime Unit would like to remind members of the public to remain vigilant regarding phishing e-mails and other... Read more of this article
Police Advisory On Online Scams
The Financial Crime Unit of the Bermuda Police Service said they would like to remind the public to remain vigilant in their dealings with vendors when shopping on the internet. “The public are advised not to send ‘wire transfers’ to overseas vendors for payment of goods you have not seen or received,” a statement said. “Furthermore... Read more of this article
Aspen Launches Cyber Crime Protection
Aspen Risk Management Limited [ARML] is launching a new range of covers to help companies protect against the emerging risks relating to computers, data and cyber-crime in partnership with two of the leading specialists in the market. ARML in partnership with two leading specialist insurers, HSB Engineering, part of the Munich Re Group, and CFC Underwriting,... Read more of this article
Local Banks Team Up To Combat Online Fraud
Capital G Bank Limited, HSBC Bank Bermuda Limited, The Bank of N.T. Butterfield & Son Limited and Bermuda Commercial Bank Limited, in cooperation with the Bermuda Police Service, the Bermuda Bankers’ Association, the Department of Consumer Affairs of the Government of Bermuda, and the Bermuda Monetary Authority, have launched a consumer education... Read more of this article
Police Warn Of Scam ‘Phishing’ Emails
The police have reminded people to “remain vigilant regarding phishing e-mails and other scams,” saying that currently an email is circulating which claims that the recipient was selected to receive two tickets to the 2012 London Olympics and a prize of £150,000, and the recipient must disclose their personal information to claim the money. A... Read more of this article
Police: Online & Home Repair Scam Warnings
The police issued a warning about internet scams, as well as warning the general public to be “wary of unknown persons” offering to carry out home repairs and requesting money up front. A police spokesperson said, “The Bermuda Police Service would like to once again advise the public to be vigilant when considering purchasing items... Read more of this article
Spam Email Targets Bank’s Customers
An email [shown below] purporting to be from the Bank of Butterfield has been sent out to local email addresses, claiming accounts have been temporarily locked for security reasons. A spokesperson for the Bank said, “Butterfield advises our customers that we will NEVER ask them for personal information or account details via e-mail or use... Read more of this article
