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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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The False Economy of Deprioritising Security

IT Governance

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%. Implement Cyber Essentials This government-backed scheme comprises five basic, inexpensive controls that prevent most attacks.

Security 116
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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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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. Things get even more complicated with the July 2020 ruling from the EU’s top court that the EU-U.S. Multinationals Face Unique Challenges.

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

eSecurity Planet

Also known as vendor risk management (VRM), TPRM goes beyond the general risk management and governance, risk, and compliance (GRC) solutions by specializing in the onboarding, risk assessment, and due diligence for organizations working with third parties. BitSight Security Ratings Platform. Black Kite Cyber Risk Rating System.

Risk 128
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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Investments in cybersecurity more than doubled from $12 billion to $29.5 Company Sector Year Status Isovalent Cloud security 2020 Private Illumio Cloud security 2015 Private SignalFx Monitoring 2015 Acquired: Splunk CipherCloud Cloud security 2012 Acquired: Lookout Lookout Mobile security 2011 Private. a16z Investments.

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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 National Cyber Strategy of the Czech Republic for 2015–2020. 459/2018).