Remove Analysis Remove Cloud Remove Encryption Remove Insurance
article thumbnail

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.

article thumbnail

How to make sure your cyber insurance policy pays out

IT Governance

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures. Protect data in transit.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SHARED INTEL Q&A: My thoughts and opinions about cyber threats — as discussed with OneRep

The Last Watchdog

His news analysis columns, podcasts, and videos are crafted to foster a useful understanding of complex privacy and cybersecurity developments for company decision-makers and individual citizens — for the greater good. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

article thumbnail

Best Disaster Recovery Solutions for 2022

eSecurity Planet

In this era of the cloud, the big cloud providers take care of the underlying infrastructure. All that is needed is a connection to the cloud. The global cost of ransomware has risen from $325 million to $20 billion from 2016 to 2021, and on average, only 65% of encrypted data was restored after a ransom was paid.

article thumbnail

What is a Cyberattack? Types and Defenses

eSecurity Planet

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 In May, cybersecurity researchers revealed that ransomware attacks are increasing their aggressive approach by destroying data instead of encrypting it.

article thumbnail

Best Ransomware Removal and Recovery Services

eSecurity Planet

Here are the services that stood out in our analysis. Touchstone Security employs security talent with experience working on cybersecurity and cloud projects for clients such as NJ Transit, Columbia University, and the Modern Language Association. The focus is on recovering deleted and encrypted files as quickly as possible.

article thumbnail

What Is Encryption? Definition, How it Works, & Examples

eSecurity Planet

Encryption uses mathematical algorithms to transform and encode data so that only authorized parties can access it. What Encryption Is and How It Relates to Cryptology The science of cryptography studies codes, how to create them, and how to solve them. How Does Encryption Process Data? How Does Encryption Process Data?