Learning Center Article
Spotlight Retail - Cyber Claims Studyby Mark Greisiger, NetDiligence | NetDiligence® | 06/18/2019
NetDiligence® is pleased to release this spotlight report on cyber claims within the Retail sector. From our dataset of over 1,200 claims provided by our insurance partners, we have classified and analyzed 124 claims from the Retail sector. These claims provide insight into losses sustained from cyber events during the five-year period 2013–2017. Because a large majority of people purchase goods and services using payment cards, and because the attack surface presented by both brick-and-mortar retail and e-commerce organizations is vast and full of vulnerabilities, it should come as no surprise that malicious actors target the Retail sector to steal credit and debit card information. For these reasons, we have seen more claims involving payment card data and PCI issues in Retail than in other sectors.
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Cyber Risk and the Construction Industry
A Q&A with Douglas Clare of FICO
A joint effort between FICO and the U.S. Chamber of Commerce, the Assessment of Business Cybersecurity (ABC) offers a benchmark for analyzing the security readiness of American business against cyber attack. When the first quarterly installment was released in late 2018, the construction industry scored highest among the reviewed industries, demonstrating the least amount of cyber risk. We spoke to Douglas Clare, Vice President of Cyber Security Solutions at FICO, about why this industry stands out but also why more can be done to protect it.