Data Breach Today

SEPTEMBER 29, 2022

Cyber Insurers Limit Financial Exposure While Risk Grows The Department of Treasury and the Cybersecurity and Infrastructure Agency are soliciting comments on whether risks to critical infrastructure from a catastrophic cyber attack - and the concurrent potential for ruinous financial exposure by insurers - should lead to a new federal approach.

Insurance 130

Insurance Government Cybersecurity Risk 130

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization.

Cybersecurity 69

Cybersecurity Insurance Ransomware Data breaches 69

Dark Reading

MARCH 30, 2023

Risk reassessment is shaking up the cybersecurity insurance market, leading some organizations to consider their options, including self-insurance.

Insurance 103

Insurance Cybersecurity Risk Marketing 103

Data Breach Today

JUNE 18, 2018

Cybersecurity insurers, faced with growing demand, are looking for new ways to better measure their risks, says Aleksandr Yampolskiy, CEO of SecurityScorecard. So some are moving toward more carefully scrutinizing the cybersecurity postures of their potential clients.

Cybersecurity 109

Cybersecurity Insurance Risk 109

Hunton Privacy

MAY 4, 2022

In April 2022, two states enacted insurance data security legislation based on the National Association of Insurance Commissioners (“NAIC”) Insurance Data Security Model Law (MDL-668). Kentucky’s law goes into effect on January 1, 2023.

Insurance 107

Insurance Security Information Security Cybersecurity 107

Data Breach Today

JULY 23, 2020

Company Could Be Fined $1,000 for Each Violation of State Cybersecurity Law The New York State Department of Financial Services has filed civil charges against First American Title Insurance Co., which has been accused of exposing hundreds of millions of documents that contained customers' mortgage and personal data.

Insurance 231

Insurance Cybersecurity Financial Services Personal data 231

Data Breach Today

SEPTEMBER 8, 2021

25, President Joe Biden invited about 25 technology, insurance, finance and education executives to the White House to discuss pressing cybersecurity issues such as supply chain and critical infrastructure. Vishaal Hariprasad Also Address How Ransomware Is Changing Security On Aug.

Insurance 167

Insurance Ransomware Cybersecurity Security 167

Hunton Privacy

NOVEMBER 8, 2023

On November 1, 2023, New York Governor Hochul announced that the New York State Department of Financial Services (“NYDFS”) amended its Cybersecurity Regulation applicable to covered financial institutions. The amended Cybersecurity Regulation will take effect in phases.

Cybersecurity 67

Cybersecurity Ransomware Compliance Financial Services 67

Data Breach Today

SEPTEMBER 18, 2023

Money Will Address Enhanced OT Security Rules From Regulators, Insurance Providers Dragos completed a Series D extension to help organizations address enhanced OT security requirements from regulators and cyber insurance providers.

Cybersecurity 224

Cybersecurity Insurance Security 224

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 82

Insurance Cybersecurity Risk Security 82

Hunton Privacy

MARCH 2, 2023

On March 2, 2023, the Biden-Harris Administration announced the release of the National Cybersecurity Strategy. ONCD, in coordination with the Office of Management and Budget, will work to implement the Strategy under the oversight of National Security Council staff.

Cybersecurity 107

Cybersecurity IoT Ransomware Military 107

Data Protection Report

MARCH 21, 2023

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 105

Insurance Data breaches GDPR Cybersecurity 105

The Last Watchdog

JANUARY 20, 2020

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

Insurance 223

Insurance Data breaches Cybersecurity Ransomware 223

Hunton Privacy

JUNE 9, 2022

515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). Cybersecurity Event Investigation and Notification Requirements. Licensees must maintain records about these cybersecurity events for at least five years.

Insurance 104

Insurance Security Information Security Cybersecurity 104

Data Matters

OCTOBER 20, 2022

Treasury Department is seeking public comment on the need and scope for a potential federal insurance response to catastrophic cyber incidents, akin to the one put in place for terrorism insurance after the attacks of September 11, 2001. The request, published by the Federal Insurance Office (FIO) in the U.S. Background.

Insurance 87

Insurance Cybersecurity Risk Government 87

Security Affairs

APRIL 23, 2023

Non-profit health insurer Point32Health suffered a ransomware attack and has taken systems offline in response to the incident. Non-profit health insurer Point32Health has taken systems offline in response to a ransomware attack that took place on April 17. ” reads the statement published by the insurer.

Ransomware 79

Ransomware Insurance Cybersecurity Security 79

Data Breach Today

SEPTEMBER 3, 2019

Security Experts Express Skepticism That Criminals Would Bother Do criminal organizations prefer to target organizations that hold cyber insurance policies? A ProPublica report suggests that because cyber insurance policyholders are more likely to pay ransoms, they're a more frequent target.

Insurance 191

Insurance Ransomware Cybersecurity Security 191

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. If your company has not already experienced a significant cybersecurity event, it is probably only a matter of time before it does. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage.

Insurance 93

Insurance Ransomware Cybersecurity Data breaches 93

Hunton Privacy

JULY 1, 2022

(“Carnival”), the world’s largest cruise-ship operator, for violations of the Cybersecurity Regulation (23 NYCRR Part 500) in connection with four cybersecurity events between 2019 and 2021, including two ransomware events. . NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 111

Cybersecurity Phishing Ransomware Data breaches 111

Thales Cloud Protection & Licensing

MARCH 13, 2023

Key Points from the US National Cybersecurity Strategy 2023 divya Mon, 03/13/2023 - 15:39 On March 2, the Biden administration released its 2023 National Cybersecurity Strategy, an attempt “ to secure the full benefits of a safe and secure digital ecosystem for all Americans.” Will the US benefit from a proactive security approach?

Cybersecurity 125

Cybersecurity Encryption Security Government 125

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

Ready for Take-off: Rising Above Airport Cybersecurity Challenges sparsh Thu, 11/16/2023 - 04:52 Aviation is a fast-paced world, with airports around the globe serving billions of passengers annually. ICAO , IATA, and EASA have all published comprehensive, mandatory cybersecurity guidelines.

Cybersecurity 84

Cybersecurity Authentication Security Compliance 84

Data Breach Today

OCTOBER 19, 2022

Australian Insurance Firm 'Working Urgently' to Verify Theft Claim Australian health insurer Medibank says it received a ransomware demand from hackers asserting to have stolen data during a cybersecurity incident the company detected on Oct.

Ransomware 282

Ransomware Cybersecurity Insurance IT 282

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. This article looks at cybersecurity risk management, how to establish a risk management system, and best practices for building resilience. What is Cybersecurity Risk Management?

Cybersecurity 119

Cybersecurity Risk Encryption Phishing 119

Dark Reading

FEBRUARY 8, 2023

From prevention and detection processes to how you handle policy information, having strong cyber insurance coverage can help mitigate cybersecurity attacks.

Insurance 80

Insurance Cybersecurity 80

eSecurity Planet

JUNE 7, 2022

As the demand for robust security defense grows by the day, the market for cybersecurity technology has exploded, as well as the number of available solutions. Here are our picks for the top 20 cybersecurity software vendors plus 10 honorable mentions – with the caveat that at least a couple of those 30 companies are likely to merge.

Cybersecurity 105

Cybersecurity Encryption Ransomware Cloud 105

Data Matters

NOVEMBER 22, 2021

Further, bank service providers are now required to promptly notify all affected banks whenever a cybersecurity disruption lasts for four or more hours. The rule is the latest regulation requiring entities who have suffered a cybersecurity incident to promptly notify a government agency. The Board subjects all U.S.

Cybersecurity 116

Cybersecurity Insurance Security Encryption 116

Dark Reading

JULY 12, 2022

Cybersecurity insurance costs are rising, and insurers are likely to demand more direct access to organizational metrics and measures to make more accurate risk assessments.

Insurance 88

Insurance Ransomware Cybersecurity Risk 88

eSecurity Planet

MARCH 3, 2023

The White House’s National Cybersecurity Strategy unveiled yesterday is an ambitious blueprint for improving U.S. cybersecurity and threat response, but some of the more ambitious items will take time to implement, and could face opposition from Congress. ” Those fundamental shifts are focused on two core priorities. .”

Cybersecurity 101

Cybersecurity Data Privacy Security GDPR 101

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. And while organizations are taking steps to protect against cyber attacks, cybersecurity controls are not impenetrable. Cyber risk insurance covers the costs of recovering from a security breach, a virus, or a cyber-attack.

Insurance 75

Insurance Ransomware Cybersecurity Authentication 75

eSecurity Planet

OCTOBER 11, 2022

In the ever-evolving fight against data loss , data breaches, and data theft in the 21st century, organizations worldwide have turned to a number of cybersecurity solutions, services, and software in an attempt to keep their data safe and secure from threats. Moreover, what about other behavioral analytics methods in cybersecurity?

Cybersecurity 117

Cybersecurity Analytics IT Data breaches 117

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 81

Insurance Risk Ransomware Cybersecurity 81

KnowBe4

MAY 3, 2023

I get the WSJ Cybersecurity newsletter, which by the way is warmly recommended. Kim Nash today reported a shocker which will make everyone's insurance premiums go even further up: " Six years after the worldwide NotPetya cyberattack, a court ruled insurers for Merck & Co. must help cover $1.4 billion in losses.

Insurance 69

Insurance Cybersecurity 69

Data Breach Today

JULY 15, 2022

Also: Cyberthreat Activity in Sri Lanka; Cyber Insurance Trends Four ISMG editors discuss important cybersecurity issues, including lessons learned from the cyberattack on a steelmaker in Iran that caused a serious fire, how the economic crisis in Sri Lanka is affecting cybersecurity and what the rising cost of cyber insurance means for the industry. (..)

Cybersecurity 202

Cybersecurity Insurance 202

Dark Reading

NOVEMBER 16, 2023

Organizations are also looking at threat intelligence, risk assessment, cyber insurance, and third-party risk management.

Cybersecurity 95

Cybersecurity Insurance Risk 95

Data Matters

FEBRUARY 2, 2021

The National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law has been adopted in at least 11 states, with several others (including New York) having implemented either older or similar laws or administrative guidance. See State Legislative Brief, NAIC, June 2020.

Insurance 113

Insurance Security Cybersecurity Privacy 113

Data Matters

JANUARY 28, 2022

Like an incident response plan, MFA has become a critical element of cybersecurity programs. An incident response and continuity of operations plan are increasingly common features in a credible cybersecurity program. The post U.S.

Cybersecurity 156

Cybersecurity Authentication Security Financial Services 156

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 125

Insurance Ransomware Cybersecurity Risk 125