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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 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.

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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). 440/2018) , along with Executive Order (no.

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

Thales Cloud Protection & Licensing

Tue, 12/22/2020 - 10:08. As a result, data has become a critical asset for companies and governments alike, as well as the primary target for nefarious actors and nation states. Multinationals face difficult and unique compliance challenges to successfully meet the ongoing waves of government regulations for data privacy and security.

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

DLA Piper Privacy Matters

The Supreme Court held that: The earlier judgments of the High Court and Court of Appeal had misunderstood the principles governing vicarious liability. The court declined to specifically consider the General Data Protection Regulation, (EU) 2016/679 (“GDPR”). Implications for employers.

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Ransomware Protection in 2021

eSecurity Planet

Only 38% of state and local government employees are trained for ransomware prevention, and only 29% of small businesses have experience with ransomware ( IBM ). In 2019, the municipal government of New Orleans was forced to declare a state of emergency and paid over $7 million. Utilize a CASB. Rapid Response Testing. Sandbox Testing.

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MY TAKE: A primer on how ransomware arose to the become an enduring scourge

The Last Watchdog

Related: ‘Cyber Pearl Harbor’ happens every day Some 15 months earlier, in March 2018, Atlanta was hit by a similar assault, and likewise refused to pay a $51,000 ransom, eating $17 million in damage. However, that’s more a function of hackers targeting individuals less, and companies and governments more.