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Thread: Concerns about systems being hacked?

  1. #1
    Join Date
    Sep 2008
    Posts
    15

    Default Concerns about systems being hacked?

    I'm a journalist for a running magazine, posting with permission of the administrator. We're writing about whether there are concerns about runners' registration information being cyberhacked, whether this has ever happened, and what people are doing to avoid that. Please email me if I might speak with you about this topic. Thank you.

  2. #2
    Join Date
    Oct 2014
    Location
    Chicago, IL
    Posts
    47

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    On 12/5/14 I posted a piece regarding Cyber Liability exposures. In my post I indicated that even by using a third party to handle registration information the race itself does not escape the liability of a hacking. I got no response. When I speak to race organizers most of them see no exposure which really says, "I don't want to pay for it, or want to set up the necessary systems to try and protect the information." Feel free to contact me.

  3. #3
    Join Date
    Feb 2011
    Posts
    15

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    I don't think most registration companies can control that. They use 3rd party credit card processors. I know the reg company I use keep zero data as far as card info on file. They do keep info that could be used such as Name, address and DOB.

    Mikehi, no disrespect but all that I have seen from you on this forum is trying to sell products in an industry you don't seem to know much about.

  4. #4

    Default

    We don't store credit card information for our own system which handles 99% of our registration, but I imagine active does - that's the other 1%. We do store registration data of course but we keep our web server and so on up to date, limit access, and change out passwords when needed. I'd like to think that's reasonable security for the level of data we do store.

  5. #5
    Join Date
    Oct 2014
    Location
    Chicago, IL
    Posts
    47

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    Newest Article from Business Insurance regarding Cyber Liability Coverage, while most races will not need this type/extent of coverage, I think that it is important to understand how serious the situation is.

    Ace offers $100 million cyber policies with added services, scrutiny

    Posted On: Sep. 25, 2015 9:19 AM CST

    (Reuters) ? Insurer Ace Ltd. plans to start offering cyber security policies providing up to $100 million in coverage at a time when experts say it is hard for businesses to obtain such large coverage following the surge in high-profile breaches.

    The plan comes with services from firms that help identify cyber security vulnerabilities and respond to cyber attacks. They include BitSight Technologies, FireEye Inc.'s Mandiant services group, Navigant Consulting Inc., NetDiligence, Promontory Financial Group and Verizon Communications Inc.To apply for a policy, customers go through intensive scrutiny during underwriting, a process that includes reviews of cyber security defenses, strategies for mitigating the impact of breaches and board plans for responding to attacks, said Toby Merrill, division senior vice president for Ace Group's global cyber practice.Applicants can still obtain coverage if deficiencies are uncovered, but they must allow one of the outside cyber security firms appointed by Ace to conduct an on-site assessment.The consultants will recommend steps to remediate any shortfall, though the policy does not require that they immediately implement them, Mr. Merrill said of the program.The company will review those areas when it comes time to renew the policy, he said.The partners are helping Ace refine its process for quantifying risk during underwriting, a process that experts say has been a challenge for all cyber insurance carriers because they do not have enough data.?There are no actuarial tables for cyber,? said Karen Kukoda, partner alliance director with FireEye. ?Ace is building us into their process to help assess risk for clients.?Ace announced the move as it looks to boost its premiums, and profits, from providing cyber policies, one of the insurance market's few rapidly growing areas.Consulting firm PwC earlier this month estimated that total annual premiums on cyber insurance will triple to $7.5 billion by 2020. That report warned the industry that it could face competition from disruptors such as Google if it does not act fast to develop new products.Most of the $2.5 billion written in cyber insurance last year was in the United States, where requirements to notify data breaches have focused attention on cyber protection, according to PwC.

  6. #6
    Join Date
    Feb 2015
    Posts
    3

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    I would suggest getting in touch with Bob Bickel at RunSignUp. He can provide lots of good info for your story. You can check out RunSignUp's blog here runsignup.wordpress.com

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