Stories by Lamont Wood

Got cyber insurance?

<a href="http://www.networkworld.com/news/2010/010810-heartland-to-pay-up-to.html">Heartland Payment Systems</a> figured it was in pretty good shape when it took out a $30 million cyber insurance policy. Unfortunately, the credit card transaction processor was the victim of a massive data breach in early 2009 that resulted in losses estimated at $145 million. The insurance company did pay Heartland the $30 million, but the company was on the hook for the remaining $115 million.

Lamont Wood | 24 Oct | Read more

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