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Average Cyber Insurance Losses Increase Despite Fewer Claims

Chubb reports average cyber insurance losses rose in the US as growing privacy litigation drove up claim costs despite fewer claims.

Chubb disclosed that average cyber insurance losses increased even though the number of claims declined. The insurer attributes surging claim costs in the United States to growing privacy litigation. The trend signals rising claim severity in the cyber insurance market despite lower frequency.

Infosecurity Magazine · 21d agoIndustry

Watch out: Apple timepiece can grab snippets of conversation without both speakers' consent

Apple's Watch Series 12 Live Rewind and Siri Recap transcribe nearby conversations without bystander consent, drawing EFF criticism over all-party-consent laws.

Apple Watch Series 12's Audio Intelligence features on the S11 chip include Live Rewind, which transcribes the last 15 seconds of a conversation after a Digital Crown double-press, processing audio in a Secure Exclave and routing it to a nearby iPhone. Siri Recap generates AI summaries of daily conversations without retaining raw audio or attributing speakers. Apple says an audible chime and visual cue alert bystanders, but privacy advocates including the EFF note that 11 US states require all-party consent for recording and that bystanders have no practical way to opt in or decline.

Panic builds over bankrupt Spirit’s looming data sale to Google

Startups object to Google's bankruptcy-auction purchase of Spirit Airlines operational data, claiming proprietary IP is being sold without consent.

Google won an auction to acquire a large enterprise dataset from bankrupt Spirit Airlines, which it says will help improve its products and AI models, with no personal information included. Springshot, whose airline logistics platform powered Spirit's stack, filed a limited objection arguing the vaguely defined data categories could transfer third-party IP and trade secrets it owns; International Aero Engines filed a similar objection. The EFF called it the first public bankruptcy proceeding over selling company and employee data as an asset, and objectors warn of a precedent letting large companies acquire startup IP through bankruptcy courts.

Ars Technica · AI · 6d agoAI industry

LinkedIn fights for the right to tell customers when the feds want their data

Microsoft's chief legal officer argues federal subpoenas for LinkedIn user data should carry narrower scope and that secrecy orders must become the exception.

Microsoft chief legal officer Jon Palmer said federal courts and Congress must curb overly broad US government subpoenas for LinkedIn user data that arrive with secrecy orders preventing customer notification. The company is asking courts to enforce meaningful limits on demand scope and secrecy, invoking Fourth and First Amendment arguments. Palmer cited House legislation passed August 31 to rein in secret surveillance, while LinkedIn simultaneously faces user privacy lawsuits, one dismissed with leave to amend by Judge Vince Chhabria.

CSO Online · 6h agoPolicy & legal