Forwarded From: phreak moi <hackerelitet_private> http://www.wired.com/news/news/technology/story/15414.html A Cracker-Proofing Guarantee Wired News Report 9:05 a.m. 5.Oct.98.PDT CIGNA Secure Systems Insurance is offering a US$25 million liability policy designed to cover losses resulting from attacks by computer crackers, the company said Monday. To qualify for coverage, a client must secure its systems or pass inspection from a CIGNA-approved security-management company. Otherwise, potential clients are encouraged to contract with security-management company NetSolve, in conjunction with Cisco's NetRanger intrusion-detection software, which is pre-approved by CIGNA. CIGNA Secure Systems Insurance provides coverage for theft of money, securities, and property; for damage done by crackers to a firm's data or software; and for business losses caused by attacks on a company's computer systems. A recent survey by the Computer Security Institute and the FBI found a 36 percent increase from the previous year in losses stemming from computer-security breaches. However, traditional property and liability insurance policies do not address these risks, according to CIGNA. "It's a nice marketing ploy," said computer security consultant Pete Shiply. "But if someone is concentrating on breaking into a site, eventually they will get in. There is no such thing as a secure site; security is economics, it's a question of money and how much you want to invest." Asked what kind of intrusion might lead to a $25 million claim, Shiply was skeptical. "While I haven't read the agreements, I am pretty sure you would not get that much," he said. "You would have to prove losses approaching that figure, and that will likely be a difficult thing to do." -o- Subscribe: mail majordomot_private with "subscribe isn". Today's ISN Sponsor: Repent Security Incorporated [www.repsec.com]
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