CBS Money Watch - In just four decades’ time, cybercrime has grown from an annoyance to one of the world’s fastest-growing and most costly criminal problems. And with the onset of globalized business, it’s only getting worse. According to the results of the latest international annual study by Hewlett-Packard (HPQ), which partnered with the Ponemon Institute, an independent cybersecurity research group, the average annualized cost of cybercrime committed globally against a sample of U.S.-based organizations was $12.7 million -- an increase of nearly 100 percent compared to the first study five years ago.
Tuesday, October 21, 2014
 
CBS Money Watch - A potential safety crisis over defective air bags widened Monday as the U.S. government issued an urgent plea to more than 4.7 million people to get their cars fixed.The inflator mechanisms in the air bags can rupture, causing metal fragments to fly out when the bags are deployed in crashes.Exploding airbags continue to injure drivers, even after major recall Safety advocates say at least four people have died from the problem and there have been multiple injuries. They also say more than 20 million vehicles in the U.S. are equipped with the faulty air bags.
Tuesday, October 21, 2014
 
CBS Money Watch - Staples says it’s investigating a "potential issue" involving its customers’ credit card data in what could be the latest instance of a U.S. retailer falling victim to a payment card system security breach, CNET reports. The office supply chain announced late Monday it was working with law enforcement officials after security expert Brian Krebs reported that "multiple banks" had identified patterns of payment card fraud that suggested data had been stolen from several locations in the northeastern U.S. The pattern indicates that Staples cash registers in a handful of locations were infected with data-stealing malware similar to what was used in other security breaches, enabling thieves to create counterfeit cards, Krebs wrote.
Tuesday, October 21, 2014
 
Insurance Networking News - The California Earthquake Authority, the largest seismic insurer in the U.S., is selling $350 million in bonds to strengthen its ability to pay claims, after the state’s first death due to a quake in 11 years. The debt, which is federally taxable, is the first offering by the authority since 2006. The agency was created in 1996, two years after the Northridge temblor in metropolitan Los Angeles, which remains the costliest U.S. earthquake to insurers.
Tuesday, October 21, 2014
 
Insurance Journal - A deepening crisis involving deadly air bags is shaking confidence in the ability of automakers including Toyota Motor Corp. and Honda Motor Co. to ensure the safety of millions of U.S. drivers. Toyota is advising U.S. owners to keep passengers out of front seats until defective Takata Corp. air bag parts are replaced, four months after following the same procedure in Japan. Takata faces investigations into whether exploding shrapnel from its flawed parts are to blame for at least four deaths involving vehicles made by Honda, including a Florida crash that was initially investigated as a homicide because of deep gashes to the victim’s neck.
Tuesday, October 21, 2014
 
The Atlanta Journal-Constitution - The six tornadoes that touched down in Georgia Tuesday – five of which hit metro Atlanta – led to thousands of insurance claims and estimated insured losses as high as $6 million, state officials said. “That figure may rise as new claims are reported,” Insurance Commissioner Ralph Hudgens said in a news release Monday. “Six tornadoes touched down in Georgia that day, causing trees to be downed and damaging homes and automobiles.” As part of the line of storms that came through the state on Tuesday, metro Atlanta saw two EF-1 tornadoes and three EF-0 tornadoes. The state’s sixth tornado, believed to be no stronger than an EF-1, caused some damage in Meriwether and Talbot counties.
Tuesday, October 21, 2014
 
USA Today - Toyota said today it’s adding 247,000 vehicles to a previous recall for potentially deadly airbags supplied by Takata, and warning owners not to use the front passenger seat until the cars are repaired. The new action brings to 16 million worldwide the number of vehicles with Takata-supplied airbags since 2008. The defective bags can inflate improperly and blast what amounts to shrapnel through the cover and into the vehicle’s occupants.
Monday, October 20, 2014
 
The Day - A former New London police officer was arrested today and charged with fraudulently collecting more than $50,000 in workers’ compensation benefits. David McElroy, 55, of 63 Hayward Ave., Colchester, was arrested by inspectors from the Office of the Chief State’s Attorney and charged with one count of workers’ compensation fraud, a felony punishable by up to 20 years in prison. According to the arrest warrant affidavit, McElroy underwent treatment from October 2013 to March 2014 for an injury he reported suffering in September 2013 while employed by the city of New London as a police officer.
Monday, October 20, 2014
 
WPVI - Firefighters battled a fire at the Somers Point Apartments in Atlantic County early Monday. It broke out before 5:00 a.m. Monday at the facility in the unit block of Mays Landing Road. Fire officials tell Action News the multi-alarm fire caused a partial roof collapse in one of the buildings. Eight apartments were damaged. There were no immediate reports of injuries. Fire crews say a fire wall stopped the blaze from spreading even further.
Monday, October 20, 2014
 
ABC 6 - The Pennsylvania Turnpike has reopened after a jackknifed tractor trailer caused a portion of the highway in Bensalem, Bucks County to close on Thursday. The accident occurred around 10:50 a.m. The cab of the tractor trailer was partially hanging off the roadway above the Neshaminy Creek for over two hours before crews managed to remove it just before 1:00 p.m. The driver was able to exit the truck. The driver’s condition has not been released. Officials say a saddle tank ruptured on the tractor trailer which led to fuel leaking into the creek.
Monday, October 20, 2014
 
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