IT Governance

MAY 24, 2022

Organisations must always look for cost-effective ways to address the cyber security risks they face. With more than 1,200 publicly disclosed data breaches last year , and organisations spending almost £3 million on average responding to security incidents , effective risk management is a top priority. The benefits of cyber insurance.

Insurance 137

Insurance Data breaches GDPR Ransomware 137

IT Governance

OCTOBER 15, 2020

Cyber threats are so numerous that it’s impossible to prevent security incidents altogether. That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance?

Insurance 122

Insurance Data breaches Risk Security 122

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Insurance 90

Insurance Risk Cybersecurity Ransomware 90

IBM Big Data Hub

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. One example of this is facial recognition being used for the illegal tracking of people’s movement.

Insurance 71

Insurance Risk Artificial Intelligence Government 71

IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 105

Insurance IT Government Risk 105

The Last Watchdog

AUGUST 8, 2022

Digital twins are just one example of a complex system, but they expose companies to a lot of risk if they are not properly implemented with a cybersecurity plan in place. For example, think of digital cities, or digital infrastructure assets. Another example is a city using a digital twin so that they can model floods or earthquakes.

Security 210

Security Artificial Intelligence Risk Cybersecurity 210

IT Governance

FEBRUARY 22, 2022

Information security management is a way of protecting an organisation’s sensitive data from threats and vulnerabilities. The process is typically embedded via an ISMS (information security management system) , which provides the framework for managing information security. Why is information security management important?

Information Security 138

Information Security Security Data breaches Risk 138

Collibra

APRIL 9, 2021

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably. Drivers for cloud adoption. Mobilizing data governance programs.

Insurance 59

Insurance Cloud Data science Analytics 59

Hunton Privacy

FEBRUARY 25, 2021

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.

Insurance 70

Insurance Cybersecurity Risk Education 70

IT Governance

JUNE 15, 2022

In an increasingly digital world, there are an escalating number of cyber security risks for business to address. IT Governance identified more than 1,200 publicly disclosed data breaches in 2021 , while another report found that security incidents cost almost £3 million on average. Poor patch management. Weak passwords.

Risk 144

Risk Security Passwords Phishing 144

IT Governance

JULY 15, 2019

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.

Insurance 89

Insurance Data breaches Risk Information Security 89

IT Governance

FEBRUARY 15, 2022

This is as true in the cyber security landscape as it is in any other. To help you understand what might be in store in 2022, we’ve collected nine forecasts from cyber security experts. Cyber insurance will become more popular and more comprehensive. Cyber insurance premiums will increase. But predictions are difficult.

Security 142

Security Insurance Authentication Passwords 142

IT Governance

SEPTEMBER 15, 2021

A UK government report published last year found that 48% of organisations lacked the expertise to complete routine cyber security practices. The report also found that 30% of organisations had skills gaps in more advanced areas, such as penetration testing, forensic analysis and security architecture.

Security 122

Security Insurance Education Government 122

Lenny Zeltser

JULY 1, 2020

To achieve this, the scammer: Obtains the victim’s personal information , including name, date of birth, social security number, address, and probably employment history. I wrote this article to help other victims of this unemployment insurance fraud and identity theft scam. I believe in this scheme.

Insurance 116

Insurance Data breaches Government IT 116

Krebs on Security

AUGUST 17, 2023

Security experts investigating 16Shop found the service used an application programming interface (API) to manage its users, an innovation that allowed its proprietors to shut off access to customers who failed to pay a monthly fee, or for those attempting to copy or pirate the phishing kit. Image: Akamai.

Phishing 185

Phishing Passwords Insurance Sales 185

CGI

JANUARY 10, 2018

Envisioning new and hidden realities with data and augmented reality—a digital “twin city” example. Also growing at the same time is the need to store, secure, access and analyze this data. For example, a supermarket that makes home grocery deliveries has empty vehicles returning from those deliveries. Wed, 01/10/2018 - 15:25.

Mining 78

Mining Big data Access Insurance 78

Troy Hunt

NOVEMBER 14, 2023

What follows is the process I went through trying to work out what an earth this thing is, the confusion surrounding the data, the shady characters dealing with it and ultimately, how it's now searchable in Have I Been Pwned (HIBP), which may be what brought you to this blog post in the first place.

Insurance 122

Insurance Data breaches Mining IT 122

The Last Watchdog

OCTOBER 5, 2023

Here is Erin’s Q&A column, which originally went live on OneRep’s well-done blog.) For the first expert interview on our blog, we welcomed Pulitzer-winning investigative reporter Byron V. Byron is the founder and editor-in-chief of The Last Watchdog on Privacy & Security.

Cybersecurity 190

Cybersecurity Privacy Cloud IoT 190

IT Governance

JANUARY 5, 2024

IT Governance’s research found the following for December 2023: 1,351 publicly disclosed security incidents. Another noteworthy incident, a JavaScript web injection malware campaign affecting more than 40 organisations at once,* was uncovered by security researchers. This blog provides analysis of the data we’ve collected.

Data breaches 97

Data breaches Insurance Manufacturing Ransomware 97

IT Governance

JANUARY 9, 2020

Almost everyone wants to know what the future has in store – particularly when it comes to cyber security. With that in mind, Geraint Williams, IT Governance’s chief information security officer, discusses his cyber security predictions in the upcoming year. Our predictions. Ransomware will continue to increase.

Security 98

Security IoT Phishing Ransomware 98

Security Affairs

APRIL 20, 2023

In 2022, the ICICI Bank’s resources were named a “critical information infrastructure” by the Indian government – any harm to it can impact national security. However, despite the critical status of bank infrastructure on the national level, the security of crucial data was not ensured.

Personal data 98

Personal data Phishing Risk Financial Services 98

Data Matters

SEPTEMBER 7, 2022

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

Insurance 78

Insurance Paper Privacy Risk 78

Data Matters

JANUARY 28, 2022

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. and Foreign Cybersecurity and Intelligence Agencies Recommend Measures to Counteract Threat of Russian Cyberattacks appeared first on Data Matters Privacy Blog.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

CGI

MAY 27, 2016

Time and tide waits for no man – IoT in Insurance. This old saying could also be applied for what is happening in the insurance market with IoT and that given the drive behind IoT in both the consumer and business markets. For example, car insurance could be varied between theft and fully comprehensive when the Car is not being used.

Insurance 40

Insurance IoT Marketing Manufacturing 40

IBM Big Data Hub

NOVEMBER 20, 2023

In 2023, organizations have faced an unprecedented level of pressure to digitally transform with the rise of generative AI as well as imperatives such as sustainability, labor productivity and security. The findings indicate that highly regulated industries are increasingly weighing risks, such as security, when considering the technology.

Cloud 90

Cloud Digital transformation Data structuring Marketing 90

CGI

AUGUST 31, 2016

Insurers’ role will be critical in improving cybersecurity standards. Cyber insurance can be obtained to cover such costs as crisis management, media management, incident management, technical remediation, legal fees, call management, data subject notification, breach investigation and many other losses resulting from a cyber-attack.

Insurance 40

Insurance Cybersecurity Risk Marketing 40

KnowBe4

MARCH 14, 2023

CyberheistNews Vol 13 #11 | March 14th, 2023 [Heads Up] Employees Are Feeding Sensitive Biz Data to ChatGPT, Raising Security Fears Robert Lemos at DARKReading just reported on a worrying trend. In a recent report, data security service Cyberhaven detected and blocked requests to input data into ChatGPT from 4.2%

Phishing 81

Phishing Security Artificial Intelligence Security awareness 81

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Sales 88

IT Governance

JUNE 1, 2023

On this page, you will find all our usual information breaking down the month’s security incidents. Meanwhile, you can subscribe to our Weekly Round-up to receive the latest cyber security news and advice delivered straight to your inbox. However, we’ve decided to consolidate our records onto a single page.

Data breaches 122

Data breaches Insurance Personal data Ransomware 122

Data Matters

AUGUST 17, 2021

The Guidance is not intended to serve as a comprehensive framework but rather provides financial institutions with examples of effective risk management practices without endorsing any specific information security framework or standard. The appendix provides several examples of good monitoring, logging, and reporting practices.

Authentication 88

Authentication Access Risk Financial Services 88

IT Governance

NOVEMBER 20, 2018

The Cyber Essentials scheme is a world-leading assurance mechanism for organisations of all sizes to help demonstrate that the most critical cyber security controls have been implemented. This blog covers access controls. Deficient access controls result in security breaches. Secure your access controls.

Access 83

Access Security Authentication Passwords 83

Data Protection Report

NOVEMBER 9, 2022

Even though an organization may have little to no control over a vendor’s security practices, it bears the ultimate responsibility for safeguarding its own data and systems. Defining Information Security Practices. Security controls. Accordingly, an organization’s systems are only as strong as their weakest link.

Risk 116

Risk Cybersecurity Insurance Data breaches 116

IT Governance

JULY 6, 2020

Beaming’s Five Years in Cyber Security found that 1.5 Many of those organisations have correctly identified malware as a top priority, with 45% saying they’ve taken extra security precautions to tackle the threat, compared to 26% in 2015. million organisations fell victim to cyber crime in 2019.

Information Security 142

Information Security Phishing IoT Insurance 142

IBM Big Data Hub

MARCH 27, 2024

In Africa, for example, recurring droughts, floods and cyclones due to climate change might cause crop failures and food insecurity. Substantial repair costs might arise, particularly impacting insurance companies. In India, for example, the states of Uttar Pradesh and Bihar are in a region of extreme summers and winters.

Risk 65

Risk Artificial Intelligence Agriculture Financial Services 65

IBM Big Data Hub

JANUARY 16, 2024

In this blog we’ll breakdown trends likely to come out of these major technological advancements plus other trends including sustainability, cybersecurity and the return of crypto. One example of this is in insurance. Trend: Customer experience One true benefit of AI-powered technology is the customer experience , or CX.

Financial Services 51

Financial Services Customer Experience Cloud Digital transformation 51

IT Governance

MAY 28, 2020

Scanning your networks and software for security vulnerabilities is essential for keeping your organisation secure, but it’s not a perfect solution. Conducting regular vulnerability scans will help you determine the overall effectiveness of your security measures. Advantages. Identify vulnerabilities before cyber criminals do.

Insurance 114

Insurance Information Security Data breaches GDPR 114

IT Governance

MAY 6, 2020

When the victim has picked out the pet they want, the scammer asks them to pay a deposit, followed by funds supposedly for insurance, vaccinations and delivery. This is an example of a truism applicable to all scams: if it seems too good to be true, it probably is. However, as always, there are signs that point to this being a scam.

Sales 83

Sales Security Phishing Government 83