On Thursday, XL Group plc (NYSE:XL)’s shares inclined 0.07% to $37.38.
XL Group plc (XL) Catlin’s Cyber & Technology insurance business in North America is adding additional computer forensic and legal resources to its network of prequalified breach response specialists to assist clients respond quickly and cost effectively to breach incidents. XL Catlin’s newest breach response partners comprise Mandiant, a FireEye company to provide computer forensics services and Hunton & Williams LLP, Venable LLP, Troutman Sanders LLP, Alston & Bird, and Davis Wright Tremaine LLP to provide additional legal counsel resources.
According to the 2015 10th Annual Cost of a Data Breach study, conducted by the Ponemon Institute and sponsored by IBM, the average merged total cost of a single data breach is $3.8 million, indicating a 23% enhance since 2013. The study also reports that the cost incurred for each lost or stolen record containing sensitive and confidential information raised six percent from a merged average of $145 to $154.
XL GROUP Public Limited Company, an insurance and reinsurance company, provides property, casualty, and specialty products to industrial, commercial, and professional firms; and insurance companies and other enterprises worldwide. The company operates in two segments: Insurance and Reinsurance. The Insurance segment offers property, primary and excess casualty, environmental liability, excess and surplus lines, construction, and surety insurance products, in addition to property and casualty programs.
L Brands Inc (NYSE:LB)’s shares dropped -2.41% to $83.92.
As part of its ongoing commitment to return value to shareholders, L Brands, Inc. (LB) declared that it’s Board of Directors has authorized a new $250 million share repurchase program, which comprises $0.6 million remaining under its previous $250 million share repurchase program.
L Brands, Inc. operates as a specialty retailer of women’s intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Its products comprise loungewear, bras, panties, sleepwear, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories. The company offers its products under the Victoria’s Secret, Pink, Bath & Body Works, La Senza, Henri Bendel, C.O. Bigelow, White Barn Candle Company, and other brand names. L Brands, Inc. sells its merchandise through company-owned specialty retail stores in the United States, Canada, and the United Kingdom, which are primarily mall-based; through its Websites; and through franchises, licenses, and wholesale partners.
At the end of Thursday’s trade, Genworth Financial Inc (NYSE:GNW)‘s shares surged 1.11% to $7.29.
Genworth Financial Inc (GNW) has lost half its market value in the last year, but one large trade is betting that further declines will be limited.
optionMONSTER’s tracking systems detected the sale of 8,330 December 6 puts in one print for the bid price of $0.23 right out of the gate this morning. This is clearly a new position, as open interest in the strike was just 1,211 contracts before the trade occurred.
The put seller collects the $0.23 premium and is looking for GNW to stay above $6 through expiration in mid-December. If the stock falls below that strike price, the trader will be on the hook to buy shares at that level.
GNW is unchanged at $8 in early trade but down some 53 percent in the last 12 months. The insurance firm gapped up after its last earnings report in late April but has since given up those gains and fallen back into a tight range that has been in place for most of the year.
Genworth Financial, Inc. provides insurance, retirement, and homeownership solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments.
Centurylink Inc (NYSE:CTL), ended its Thursday’s trading session with 0.05% gain, and closed at $29.50.
M3AAWG Board of Directors: AT&T ( T); CenturyLink ( CTL); Cloudmark, Inc.; Comcast (NASDAQ: CMCSA); Constant Contact (NASDAQ: CTCT); Cox Communications; Damballa, Inc.; Facebook; Google; LinkedIn; Listrak; Mailchimp; Message Systems; Orange (NYSE: ORA) (ORA.NX); OVH; PayPal; Return Path; Time Warner Cable; Verizon Communications; and Yahoo! Inc.
M3AAWG 34th General Meeting — A thoughtful provocateur ready to take on difficult challenges for the good of the Internet and an influential cybersecurity advocate, Rodney Joffe has worked to protect end-users since the 1990s when he fought to contain spam as the first email marketing campaigns were taking hold. In the ensuing years, he has single-handedly crippled text spam, has developed a sophisticated system to protect DNS, and has assisted manage the worldwide response to major botnets infecting millions of users. At the M3AAWG 34th General Meeting in Dublin, Ireland, Joffe received the 2016 M3AAWG Mary Litynski Award for his lifetime achievements in protecting the Internet and end-users.
Joffe’s most recent focus has been on combatting botnets, nefarious networks of malicious code designed to steal personal information, hijack a user’s machine or engage in other harmful activities. Chairing the Conficker Working Group starting in 2008, Joffe managed the efforts of thousands of technologists in 115 countries working to mitigate the botnet. He also served as an envoy for the group, pressuring the U.S. government to pay attention to the problem and testifying at U.S. congressional cybersecurity hearings in 2009. In 2013, he received the U.S. FBI Director’s Award for assisting organize the industry’s response to the Mariposa botnet, another major infection that affected users globally. He has also take partd as a core threat designer in cybersecurity exercises operated by the U.S. Department of Homeland Security, the White House and the U.S. National Security Council.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer. The company offers broadband services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; private line services for transmission of large amounts of data between sites; and multi-protocol label switching, a data networking technology to support real-time voice and video.
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