Many cloud agreements I negotiate fail to include any details about SLAs, so you may want to look at the CIO.com article about the details about SLAs which are general performance levels for IT services, but not an Agreement rather a SLA “is simply a document describing the level of…

Continue Reading 10 Questions you should ask about SLAs (Service Level Agreements) -which aren’t really Agreements!

A.M. Best reported that the top “cyber insurance writers have shifted away from writing packaged policies to standalone coverage by nearly a 70-30 split on the $1.3 billion of direct premiums written in 2016,…and this shift mainly results from many insurance companies realizing that tailored coverage forms addressing cyber liability…

Continue Reading Cyber insurance premiums grew 35% in 2016 -over $1.3 Billion!

The NPR reported that Google violated EU antitrust laws as it “denied other companies the chance to compete on the merits and to innovate. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation.”  The June 27, 2017 article entitled “Google…

Continue Reading Google fined $2.7 BILLION!

BusinessInsurance.com reported that “Anthem Inc., the largest U.S. health insurance company, has agreed to settle litigation over a hacking in 2015 that compromised about 79 million people’s personal health information for $115 million, which lawyers said would be the largest settlement ever for a data breach.”  The June 26, 2017…

Continue Reading Anthem agrees to pay $115 million for 2015 cyber intrusion to settle litigation!

The Financial Times reported that the “Japanese carmaker revealed that it temporarily halted production at its Sayama plant, northwest of Tokyo, after it discovered that some of its computers were affected by the ransomware late on Sunday.”  The June 21, 2017 Financial Times report entitled “Honda plant hit by…

Continue Reading Honda plant halted operations because of WannaCry Ransonware!

Darkreading reported that inexpensive CaaS include malware “botnets, phishing and backdoors are all offered on the cheap as subscription. These days even crime is in the cloud.”  The June 13, 2017 Darkreading report was entitled “The Rising Tide of Crimeware-as-a-Service” included these comments about RaaS:

The incipient rise…

Continue Reading 7 Flavors of CyberCrimeware as a Service (CaaS) includes Ransomware as a Service (RaaS)!

Reuters reported that “AIG and IBM completed a pilot of a so-called “smart contract” multi-national policy for Standard Chartered Bank PLC which the companies said is the first of its kind using blockchain’s digital ledger technology.” The June 15, 2017 report entitled “AIG teams with IBM to use blockchain…

Continue Reading IBM Blockchain & AIG team up for “Smart Insurance”