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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 126
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MY TAKE: Poorly protected local government networks cast shadow on midterm elections

The Last Watchdog

It’s easy to think of it as a problem the federal government must address or something that enterprises deal with, but cybersecurity has to be addressed closer to home, as well. His company supplies a co-managed SIEM service to mid-sized and large enterprises, including local government agencies. During 2016, 39 states were hacked.

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Q&A: NIST’s new ‘Enterprise Risk Management’ guidelines push cyber risks to board level

The Last Watchdog

Assuming cyber insecurity was the result of some sort of technical glitch being exploited by fat kids in basements — a theory then candidate Trump offered in a 2016 Presidential debate – they naturally turned to the technicians to solve it. And they might look into getting insurance to transfer at least some of this risk.

Risk 199
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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

The purpose of this article is to remove the fear and intimidation of domestic and global data protection laws and show how these laws and requirements are consistent with the existing objectives of your records retention schedule and information governance policy. 2016/679 (EU, April 27). 2016/679, Art. 2 DLA Piper. 2000. . §

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Powering the future: The synergy of IBM and AWS partnership

IBM Big Data Hub

IBM and AWS have been working together since 2016 to provide secure, automated solutions for hybrid cloud environments. Multiple query engines, built-in governance, and hybrid cloud deployment models further elevate its capabilities. One notable example is a prominent Japanese insurance company that leveraged Db2 PureScale on AWS.

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Federal Regulators Propose New Cybersecurity Rule for Big Banks

Hunton Privacy

On October 19, 2016, the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve System (the “Fed”) and Office of the Comptroller of the Currency issued an advance notice of proposed rulemaking suggesting new cybersecurity regulations for banks with assets totaling more than $50 billion (the “Proposed Standards”).

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Global Ransomware Attacks Raise Key Legal Considerations

Hunton Privacy

A wide range of industries have been impacted by the attack, including businesses, hospitals, utilities and government entities around the world. And in some cases, a business’ inability to maintain its day-to-day operations during a ransomware attack could deny people critical access to services like health care in the event of an emergency.”