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Most Recent Specialty Risks News

North Korea's Sony hack seen as cyber security game-changer

By: Louise Esola

Published December 21, 2014 - 6:00am CST

Risk and security experts examining the unprecedented cyber attack on Sony Pictures Entertainment Inc. see it as a game-changer for companies who think they have a handle on cyber security.

PERSPECTIVES: Wearable technology boom creates employment liability risks

By: Tracy L. Moon Jr.

Published December 21, 2014 - 6:00am CST

Wearable technology already is taking root in the workplace, and experts agree these new devices will have a vast and long-lasting effect on how companies conduct business. Tracy L. Moon Jr., a partner in the law firm of Fisher & Phillips L.L.P., discusses how businesses can be proactive in establishing use and training protocols as this new technology quickly becomes more common.

Staples says breach may have affected 1.16 million payment cards

Published December 19, 2014 - 4:03pm CST

(Reuters) — Office equipment supplier Staples Inc. said the investigation of a data security breach showed that malware may have affected about 1.16 million payment cards.

Obama vows U.S. response to North Korea over Sony cyber attack

Published December 19, 2014 - 2:36pm CST

(Reuters) — President Barack Obama vowed that the United States will respond to the devastating cyber attack on Sony Pictures Entertainment Inc. blamed on the North Korean government.

Attorney General Holder moves to protect transgendered under Civil Rights Act

By: Judy Greenwald

Published December 19, 2014 - 2:16pm CST

In a reversal of an earlier position that will affect public employers, U.S. Attorney General Eric Holder has announced that the Department of Justice will now take the position in litigation that Title VII of the Civil Rights Act of 1964 extends to protecting transgendered individuals.

XL offers insurance for risks from chemical, nuclear and other weapons

By: Shelby Livingston

Published December 19, 2014 - 11:03am CST

XL Group P.L.C. has launched a liability insurance product covering chemical, biological, radiological and nuclear weapons events.

Ransomware hacks an emerging risk for companies

By: Judy Greenwald

Published December 19, 2014 - 8:09am CST

SINGAPORE — “Ransomware,” a type of hack whereby a company's employees innocently click on a malware link that apparently originates from inside the company and a message appears saying all of a company's data will be encrypted and inaccessible unless a ransom is paid, has so far been confined to a large extent to Australia, a Microsoft Corp. security executive said.

Deere to sell crop insurance business to Farmers Mutual Hail

By: Judy Greenwald

Published December 18, 2014 - 2:11pm CST

Deere & Co. said Thursday it has reached a definitive agreement to sell its crop insurance business to West Des Moines, Iowa-based Farmers Mutual Hail Insurance Co. of Iowa.

U.S. weighs response to Sony hacking attack blamed on North Korea

Published December 18, 2014 - 1:55pm CST

(Reuters) — The United States was considering possible options on Thursday in response to a major cyber attack on Sony Pictures blamed on North Korea, amid calls for tougher sanctions on Pyongyang to cut it off from the global banking system.

Avon to pay $135M in fines over bribes to Chinese officials

By: Judy Greenwald

Published December 18, 2014 - 1:47pm CST

Avon Products Inc. will pay $135 million to settle charges that its China unit concealed more than $8 million in gifts, cash and non-business meals, travel and entertainment it gave to government officials to obtain and retain business benefits.

Sony cancels N. Korea movie in apparent win for Pyongyang hackers

Published December 18, 2014 - 10:54am CST

(Reuters) — Sony Pictures has canceled the release of a comedy on the fictional assassination of North Korea's leader, in what appears to be an unprecedented victory for Pyongyang and its abilities to wage cyber-warfare.

New England pharmacists face murder charges over meningitis outbreak

By: Judy Greenwald

Published December 17, 2014 - 2:55pm CST

The head and supervisory pharmacists at New England Compounding Center Inc. have been indicted on second-degree murder charges in seven states.

N.Y. extends fracking ban after health report

Published December 17, 2014 - 2:37pm CST

(Reuters) — New York state will ban hydraulic fracturing after a long-awaited report concluded that the oil and gas extraction method poses health risks, Gov. Andrew Cuomo’s administration said on Wednesday.

OFF BEAT: Heavy machinery mishap can’t stop love

Published December 17, 2014 - 1:59pm CST

While some people fall head over heels in love, a man in Amsterdam toppled over in a construction crane while attempting an extreme wedding proposal.

E.U. urged to use automation to protect underground Internet systems

By: Judy Greenwald

Published December 17, 2014 - 1:50pm CST

European Union member states should consider the benefits of automated information systems to prevent damage to their underground Internet infrastructures, the European Union Agency for Network and Information Security said in a report.

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