Remove Analysis Remove Digital transformation Remove Encryption Remove Insurance
article thumbnail

After Springhill: Assessing the Impact of Ransomware Lawsuits

eSecurity Planet

” Cyber Insurance No Longer Reliable. Perhaps the largest lesson to draw from this case, Crockett said, is to take these threats more seriously and look beyond a simple cost-benefit analysis. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out.

article thumbnail

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

Thales Cloud Protection & Licensing

New EU restrictions could force companies to change data transfer practices and adopt more advanced data encryption methods. 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. In the Dec. In the Dec.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Tokenization: Ready for Prime Time

Thales Cloud Protection & Licensing

The digital transformation has changed how the world does business. Digital transformation can and does deliver increased efficiencies, improved decision-making, lower costs, improved reach, and higher profits. Encryption and Tokenization. Financial Services. Human Resources.

article thumbnail

Building Trust in Finance: Challenges & Solutions

Thales Cloud Protection & Licensing

In the financial industry, this effect has been accentuated by rapid digital transformation, which has seen a huge number of new players enter the financial ecosystem. Encryption Data Security Michel de Jong | Regional Sales Manager, IAM More About This Author > Schema

article thumbnail

Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats

The Security Ledger

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat. Read the whole entry. »

article thumbnail

SHARED INTEL: How NTA/NDR systems get to ‘ground truth’ of cyber attacks, unauthorized traffic

The Last Watchdog

ExtraHop’s finding vividly shows how, as digital transformation ramps up, companies really have no clue what moves back and forth, nor in and out, of their networks on a daily basis. But ExtraHop noticed that the tool also opening encrypted connections to vendor-owned cloud storage, a major HIPAA violation.

Cloud 133