article thumbnail

Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to handle a ransomware attack 

IBM Big Data Hub

The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company. This will save all data in memory to a reference file on the device’s hard drive, preserving it for future analysis. The post How to handle a ransomware attack appeared first on IBM Blog.

article thumbnail

How to build a successful risk mitigation strategy

IBM Big Data Hub

Risk monitoring: This approach would occur after an organization has completed its risk mitigation analysis and decided to take steps to reduce the chances of a risk happening or the impact it would have if it did occur. An example of this is obtaining an insurance policy to cover property damage or personal injury.

Risk 74
article thumbnail

How to write a disaster recovery plan

IT Governance

Disaster recovery is effectively a form of insurance; you are spending money preparing for a scenario that you hope never occurs. Perform a risk assessment and business impact analysis. The planning committee’s first action should be to prepare a risk assessment and BIA (business impact analysis). Organise and document a plan.

Insurance 113
article thumbnail

How to Find & Choose IT Outsourcing Services

eSecurity Planet

For example, the Health Insurance Portability and Accountability Act (HIPAA) only applies to organizations that transmit, store, or receive health data. Every search should begin with a careful analysis of the needs of the organization, followed by a search for potential vendors that match that criteria.

IT 98
article thumbnail

How Cyber Insurance Changes the Conversation Around Risk

Threatpost

In this InfoSec Insider cyber insurance expert Nick Sanna discusses how to balance threat exposures and protecting assets with insurance against hacking, breaches and vulnerabilities.