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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 128
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The False Economy of Deprioritising Security

IT Governance

In the UK, cyber security has been dropping down the board’s list of priorities. A 2022 Proofpoint study found that 76% of UK board members believed their organisation to be at risk of a material cyber attack in the next 12 months – higher than the global average of 65%. Specifically, a 13.4% drop for charities (from 72% to 62%).

Security 114
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Cross-Border Data Privacy and Security Concerns in the Dawn of Quantum Computing

Thales Cloud Protection & Licensing

Cross-Border Data Privacy and Security Concerns in the Dawn of Quantum Computing. Tue, 12/22/2020 - 10:08. The 2020 analysis found that customer data was by far the most-commonly compromised type of record with 80% of breached organizations saying that customer PII was affected. Privacy Shield was unlawful.

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Best Third-Party Risk Management (TPRM) Tools of 2021

eSecurity Planet

Cyberattacks caused by supply chain vulnerabilities mean organizations need a renewed perspective on how to address third-party security. Aravo was named a Leader in Forrester Wave for TPRM and a Challenger in the Gartner Magic Quadrant for IT VRM Tools in 2020. BitSight Security Ratings Platform. OneTrust Vendorpedia.

Risk 130
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Ransomware Protection in 2021

eSecurity Planet

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. Raising awareness about ransomware is a baseline security measure. As training sessions have little influence over staff for every potential attack, it makes added security more imperative.

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How are the EU member states progressing in their implementation of the NIS Directive?

IT Governance

On 6 July 2016, the EU officially adopted the NIS Directive (Directive on security of network and information systems) and gave each EU member state just under two years to implement its requirements into national law. Implementation status : Transposed, as the Cyber Security Act (94/2018). Implementation status : In progress.

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UK: Supreme Court judgment in Morrisons – employer not vicariously liable for data breach

DLA Piper Privacy Matters

The court declined to specifically consider the General Data Protection Regulation, (EU) 2016/679 (“GDPR”). This emphasises the need for appropriate controls and information governance and insurance to be implemented to mitigate the risk of these claims arising in the first place. Implications for employers.