At the time of writing, it appears that a serious data security breach has occurred at PNI Digital Media which provides payment services for online photo processing companies including CVS Photo, Walmart Canada, Tesco and Costco in the US and Canada.

This is a salutary reminder of the potential aggregations risk for cyber insurers if shared platforms such as payment service providers are compromised, as the insurance policies of, not just PNI but its customers are likely to respond to this large breach.