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

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks.

Insurance 101

Insurance Ransomware Cybersecurity Marketing 101

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

Insurance 80

Insurance Risk Cybersecurity Ransomware 80

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

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

NOVEMBER 17, 2022

Medibank faced angry questioning during its annual general meeting yesterday as shareholders sought explanations for the organisation’s response to last month’s cyber attack. The Australian health insurance giant fell victim to ransomware in October, as a result of which the personal data of 9.7 We believe that is the right decision.

IT 107

IT Ransomware Security Data breaches 107

Schneier on Security

SEPTEMBER 10, 2019

Good paper on cybersecurity insurance: both the history and the promise for the future. From the conclusion: Policy makers have long held high hopes for cyber insurance as a tool for improving security. Cyber insurance appears to be a weak form of governance at present.

Insurance 83

Insurance Cybersecurity Risk Paper 83

Thales Cloud Protection & Licensing

MAY 9, 2022

One Year Later: What Have We Learned Since the Colonial Pipeline Attack. Mon, 05/09/2022 - 05:40. It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. east coast. east coast. Contrary to reports, the company paid nearly $5 million as a ransom to get access to all their systems.

Insurance 71

Insurance Ransomware Encryption Authentication 71

KnowBe4

MARCH 28, 2023

Not until an employee sends a reply, runs an attachment, or fills in a form is sensitive information at risk. "Not Not until an employee sends a reply, runs an attachment, or fills in a form is sensitive information at risk. At present, the most important area of relevance around AI for cybersecurity is content generation.

Phishing 87

Phishing Security awareness Insurance Cybersecurity 87

Schneier on Security

MARCH 26, 2020

Interesting article discussing cyber-warranties, and whether they are an effective way to transfer risk (as envisioned by Ackerlof's "market for lemons") or a marketing trick. Our preliminary analysis suggests the majority of cyber warranties cover the cost of repairing the device alone.

Marketing 89

Marketing Insurance Risk IT 89

IT Governance

JANUARY 9, 2020

Almost everyone wants to know what the future has in store – particularly when it comes to cyber security. Keeping aware of the latest cyber threats and the best solutions to combat them will put organisations in a better position to prevent attacks. Our predictions. Attacks involving the IoT will continue.

Security 98

Security IoT Phishing Ransomware 98

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Protecting Medical Data Against a Cyber-Attack Pandemic. Cyber criminals are always eager to take advantage of emergencies to further launch their nefarious actions. Besides dealing with the public health pandemic, healthcare providers must deal with another pandemic: cyber-attacks. Tue, 08/03/2021 - 09:44.

IoT 87

IoT Encryption Cloud Authentication 87

KnowBe4

DECEMBER 6, 2022

You told us you have challenging compliance requirements, not enough time to get audits done, and keeping up with risk assessments and third-party vendor risk is a continuous problem. KCM GRC is a SaaS-based platform that includes Compliance, Risk, Policy and Vendor Risk Management modules. By Roger A. Save My Spot!

Security awareness 90

Security awareness Phishing Risk Insurance 90

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Protecting Medical Data Against a Cyber-Attack Pandemic. Cyber criminals are always eager to take advantage of emergencies to further launch their nefarious actions. Besides dealing with the public health pandemic, healthcare providers must deal with another pandemic: cyber-attacks. Tue, 08/03/2021 - 09:44.

IoT 71

IoT Encryption Cloud Compliance 71

IT Governance

APRIL 3, 2019

US food giant Mondelez is suing insurance company Zurich American for denying a $100 million (£76 million) claim filed after the NotPetya attack. In that regard, it was a job well done, with one report estimating that insurers could expect to pay out more than $80 billion (£61 billion) as a result of the attack. Who is in the right?

Insurance 53

Insurance Ransomware Government Paper 53

IBM Big Data Hub

JANUARY 16, 2024

One example of this is in insurance. Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals. This is something we’re likely to see more of this year.

Financial Services 50

Financial Services Customer Experience Cloud Digital transformation 50

IT Governance

MAY 1, 2018

What does cyber incident response (CIR) management do? CIR management can help your organisation mitigate the risk of information security incidents and minimise losses. Incident response planning is mandated as part of all major cyber security regimes. The common challenges facing incident response. It’s a legal requirement.

Risk 75

Risk Information Security IoT Insurance 75

eSecurity Planet

MARCH 3, 2023

President Biden came into office around the time of the SolarWinds and Colonial Pipeline cyber attacks, so cybersecurity has been a major focus of the Administration from the beginning. The White House’s National Cybersecurity Strategy unveiled yesterday is an ambitious blueprint for improving U.S.

Cybersecurity 106

Cybersecurity Government Manufacturing Personal data 106

IT Governance

DECEMBER 5, 2023

In these cases, a service provider suffered a cyber attack, which had a knock-on effect on numerous other organisations. For example, UK service provider CTS suffered a cyber incident this month, which affected around 80 of its clients too (UK law firms). 519,111,354 records known to be breached.

Data breaches 113

Data breaches Ransomware Access Security 113

Krebs on Security

JULY 27, 2020

“The ferocity of cyber criminals to take advantage of COVID-19 uncertainties by preying on small businesses is disturbing,” said Andrew LaMarca , who leads the global high-risk and fraud team at Dun & Bradstreet. But the same crime can be far more costly and damaging when thieves target small businesses.

Energy and Utilities 357

Energy and Utilities Computer and Electronics Insurance Risk 357

eSecurity Planet

AUGUST 27, 2021

In a developing market, third-party risk management (TPRM) software and tools could be the answer to helping organizations fill the gap. This article looks at the top third-party risk management vendors and tools and offers a look into TPRM solutions and what buyers should consider before purchasing. Aravo TPRM.

Risk 130

Risk Compliance Marketing Cybersecurity 130

Data Matters

FEBRUARY 10, 2022

However, Chair Gensler highlighted that disclosure regimes evolve over time and stated that he has asked the staff to make recommendations related to public companies’ cybersecurity practices and cyber risk disclosures as well as disclosures that must be made once cyberevents have occurred. Public Companies and Service Providers.

Cybersecurity 88

Cybersecurity Marketing Risk Compliance 88

eDiscovery Daily

FEBRUARY 12, 2024

This notion of technology helping individuals and organizations get ahead played out in other sessions, including one on the Future State of the industry. This was not the same old Legalweek, or “LegalTech New York,” as the conference was referred to in years past. We narrowed down our many Legalweek 2024 learnings to six key takeaways.

CMS 41

CMS Phishing Communications Insurance 41

IT Governance

JUNE 27, 2019

Cyber security experts and governments urge victims to never pay the ransom. Likewise, paying one ransom makes you a soft target for future attacks; if you’ve paid once, there’s a good chance you’ll do so again. Payments will probably fund attacks on other organisations and show that cyber crime is a lucrative business.

Ransomware 87

Ransomware Phishing Insurance Systems administration 87

eDiscovery Daily

FEBRUARY 11, 2024

This notion of technology helping individuals and organizations get ahead played out in other sessions, including one on the Future State of the industry. This was not the same old Legalweek, or “LegalTech New York,” as the conference was referred to in years past. We narrowed down our many Legalweek 2024 learnings to six key takeaways.

CMS 41

CMS Phishing Communications Insurance 41

The Security Ledger

AUGUST 1, 2019

In this week’s episode of the Podcast (#155): Jerome Segura of Malwarebytes joins us to talk about how disinformation campaigns and cyber crime are part of the same toxic cocktail in the world's trouble spots, like Ukraine. What MH-17 tell us about our Future. Read the whole entry. » The Growing Threat of Mobile Malware.

Military 40

Military Insurance Risk Government 40

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

eSecurity Planet

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. Insured companies often will not have options. Eliminate attacker access.

Ransomware 135

Ransomware Encryption Insurance Access 135

Schneier on Security

APRIL 12, 2018

Good article about how difficult it is to insure an organization against Internet attacks, and how expensive the insurance is. But even with 20 years' worth of experience and claims data in cyberinsurance, underwriters still struggle with how to model and quantify a unique type of risk. There are two basic models for insurance.

Insurance 49

Insurance Cybersecurity Data breaches Retail 49

Data Protection Report

SEPTEMBER 11, 2017

Still, in what for the moment might seem like a more pedestrian risk, companies continue to be affected by ransomware. Still, in what for the moment might seem like a more pedestrian risk, companies continue to be affected by ransomware. General ransomware risk disclosures.

Risk 40

Risk Ransomware Insurance Data breaches 40

Thales Cloud Protection & Licensing

APRIL 18, 2023

When collaboration is our foundation, the future is bright. Sarah will also present on FIDO2 Passkeys and the Future of Passwordless. RSA Conference 2023: Meet Thales Where the World Talks Security! This year’s theme “ Stronger Together ” echoes our company culture. In cybersecurity, we are a community of many.

Security 71

Security Digital transformation Privacy Cybersecurity 71

IT Governance

APRIL 23, 2019

The information comprised names, addresses, gender, dates of birth, phone numbers, National Insurance numbers, bank details and salaries. The Supreme Court has given Morrisons permission to appeal a ruling that found the supermarket liable for a data breach caused by a malicious insider. Why have the courts found Morrisons liable?

Data breaches 82

Data breaches Insurance GDPR Compliance 82

Data Matters

DECEMBER 10, 2019

Regulators worldwide, including the Securities and Futures Commission of Hong Kong, have issued guidelines for reducing and mitigating hacking risks. Fund Managers Face Heightened Cyber Risks. Recent attacks on Hong Kong and Singapore? Recent attacks on Hong Kong and Singapore?based

Data breaches 60

Data breaches Insurance Authentication Risk 60

Data Matters

DECEMBER 10, 2019

Regulators worldwide, including the Securities and Futures Commission of Hong Kong, have issued guidelines for reducing and mitigating hacking risks. Fund Managers Face Heightened Cyber Risks. Recent attacks on Hong Kong and Singapore? Recent attacks on Hong Kong and Singapore?based

Data breaches 60

Data breaches Insurance Authentication Risk 60

Data Matters

OCTOBER 8, 2020

Treasury Department’s Office of Foreign Assets Control (OFAC) published an advisory that highlights the risk of potential U.S. Attackers and payees may be designated sanctioned parties under OFAC’s existing cyber-related sanctions authority. On October 1, 2020, the U.S. sanctions law violations if U.S. Since 2015, the U.S.

Ransomware 68

Ransomware Compliance Risk Government 68

Security Affairs

MAY 13, 2021

US agencies warn that groups employed DarkSide ransomware in attacks aimed at organizations across various Critical Infrastructure sectors, including manufacturing, legal, insurance, healthcare, and energy. FBI and DHS’s CISA have published a joint alert on DarkSide ransomware activity after the disruptive attack on Colonial Pipeline.

Ransomware 109

Ransomware Phishing Encryption Risk 109

IT Governance

MAY 29, 2018

Remember when I said last month that “with the GDPR less than a month away I imagine future lists will be even longer thanks to the introduction of mandatory data breach notifications”? Cyber attack & ransomware. Manuel Delia’s Blog Cyber-Attacked By Ukrainian Hackers On A Scale ‘Rarely Seen On Other Maltese Websites’.

Data breaches 89

Data breaches GDPR Ransomware Passwords 89