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Why Cyber Insurance is Essential in 2022

IT Governance

One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. The benefits of cyber insurance.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.

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List of data breaches and cyber attacks in August 2021 – 61 million records breached

IT Governance

Travel and medical insurance provider guard.me Travel and medical insurance provider guard.me If you find yourself facing a cyber security disaster, IT Governance is here to help. The post List of data breaches and cyber attacks in August 2021 – 61 million records breached appeared first on IT Governance UK Blog.

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Catches of the month: Phishing scams for July 2021

IT Governance

The number of officially reported HMRC-branded phishing scams increased from 572,029 in the 2019–2020 fiscal year to 1,069,522 in 2020–2021, according to data obtained under the Freedom of Information Act. Avanan’s 2021 Global Phish Cyber Attack Report found that credential harvesting is used in 54% of all phishing attacks.

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List of data breaches and cyber attacks in October 2021 – 51.2 million records breached

IT Governance

The majority of those records came from a cyber attack in which a hacker accessed Argentina’s government ID database, with every citizen of the country thought to be affected. If you find yourself facing a cyber security disaster, IT Governance is here to help. Cyber attacks. Ransomware. Data breaches. Financial information.

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List of data breaches and cyber attacks in June 2021 – 9.8 million records breached

IT Governance

We found a comparatively low 9,780,931 breached records from publicly disclosed security incidents in June 2021. If you find yourself facing a cyber security disaster, IT Governance is here to help. The post List of data breaches and cyber attacks in June 2021 – 9.8 million drivers’ details (3.3 million drivers’ details (3.3