New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski alerted consumers to the potential loss of insurance coverage in connection with popular business activities known as car-sharing or Transportation Network Companies (TNC) provided by online firms such as Lyft, SideCar and UberX.

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Cybercrimes can cause significant financial harm. And just when companies think they’ve considered all the ways to mitigate cyber exposure, savvy online criminals create new ways to hack into systems.

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