IBM Big Data Hub

DECEMBER 8, 2023

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 74

Risk Compliance Insurance IT 74

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?

Risk 144

Risk Cybersecurity Encryption Access 144

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. The Framework.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Data Breach Today

MAY 13, 2019

Security Experts Say Prosecution's Document Offers Critical Cybersecurity Insights The indictment of two Chinese men for a 2014 cyberattack on health insurer Anthem that compromised information on nearly 80 million individuals contains extensive details about the incident that security professionals can use to help with their breach prevention strategies. (..)

Insurance 189

Insurance Cybersecurity Security 189

Data Protection Report

JANUARY 4, 2024

a. Automated Decision-Making Technology b. Cybersecurity Audits c. Tennessee and Wisconsin Answers: 1. See SEC, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, 88 Fed. b (cybersecurity audits). Answers are below. 1. As of December 18, 2023, unless the U.S.

Privacy 111

Privacy Cybersecurity Artificial Intelligence e-Discovery 111

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. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

Daymark

DECEMBER 5, 2023

On October 30, 2023, the US Securities and Exchange Commission (SEC) announced fraud charges against SolarWinds and its former chief information security officer (CISO), alleging that “ SolarWinds’ public statements about its cybersecurity practices and risks were at odds with its internal assessments.”

Insurance 62

Insurance Cybersecurity Risk Information Security 62

eSecurity Planet

OCTOBER 18, 2022

The vast majority of cybersecurity decision makers – 91 percent, in fact – find it difficult to select security products due to unclear marketing, according to the results of a survey of 800 cybersecurity and IT decision makers released today by email security company Egress. Defense-in-depth or Vendor Sprawl?

IT 121

IT Security Cybersecurity Marketing 121

Thales Cloud Protection & Licensing

OCTOBER 5, 2022

Global October Cybersecurity Events: Where You Can Find Thales. The summer is now over, and October is a month full of cybersecurity events for Thales around the world. GITEX GLOBAL is the biggest security and technology event and exhibition in the Middle East. Thu, 10/06/2022 - 06:55. GITEX GLOBAL, 10-14 October, Dubai.

Cybersecurity 87

Cybersecurity Cloud Digital transformation Sales 87

The Last Watchdog

OCTOBER 5, 2023

Editor’s note: I recently had the chance to participate in a discussion about the overall state of privacy and cybersecurity with Erin Kapczynski, OneRep’s senior vice president of B2B marketing. Byron is the founder and editor-in-chief of The Last Watchdog on Privacy & Security. Erin: So, let’s get started.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. The adoption of cloud computing is a way to improve the security and the resilience of ICT services.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Data Protection Report

AUGUST 29, 2022

On July 13, 2022, the Office of the Superintendent of Financial Institutions (OSFI) released its final Guideline B-13 (the Guideline), setting out technology and cyber risk management expectations for all federally regulated financial institutions (FRFIs), such as banks, insurance and trust companies.

Risk 117

Risk Insurance Cybersecurity Government 117

Krebs on Security

DECEMBER 18, 2018

Virtually all companies like to say they take their customers’ privacy and security seriously, make it a top priority, blah blah. That’s because very few of the world’s biggest companies list any security executives in their highest ranks. banks) would have this role in their executive leadership team.

Security 222

Security Marketing Cybersecurity Data breaches 222

OpenText Information Management

MAY 10, 2024

If it’s not accurate, accessible, and secure, organizations won’t get the desired results. Since AI relies on data to learn and improve, organizations must ensure their data is accurate, accessible, and secure. Artificial Intelligence (AI) requires these foundational data strategies that OpenText is known for.

Security 57

Security Artificial Intelligence Privacy Compliance 57

Krebs on Security

DECEMBER 8, 2022

Ransomware groups are constantly devising new methods for infecting victims and convincing them to pay up, but a couple of strategies tested recently seem especially devious. Alex Holden is founder of Hold Security , a Milwaukee-based cybersecurity firm. “ Cl0p ” a.k.a. Encrypting sensitive data wherever possible.

Ransomware 268

Ransomware Metadata Insurance Encryption 268

eSecurity Planet

APRIL 29, 2024

In our examples, the clothing brand secures a segregated design team with physical locks on the doors, extra computer security to prevent digital theft, and a backup solution for their marketing data. These include new opportunities, clear priorities, and better security, performance, and resilience.

Risk 65

Risk Compliance Communications Insurance 65

Data Matters

FEBRUARY 25, 2022

DPFS will be relevant to all those in financial services, including those in the banking, insurance, fintech, funds, payments, private equity, securities, wealth management, and other financial sectors. Hear from industry speakers on: How the latest privacy and cybersecurity developments in Europe and the U.S.

Financial Services 103

Financial Services Privacy Data Privacy Cybersecurity 103

Thales Cloud Protection & Licensing

MAY 9, 2022

This demonstrates that there are still some businesses that have not learned the lessons of the Colonial Pipeline attack and listened to what security experts and the U.S. Therefore, immediate action is needed to deploy more robust cybersecurity strategies. Cyber insurance coverage ramps up. Data security.

Insurance 71

Insurance Ransomware Encryption Authentication 71

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

Cloud 80

Cloud Financial Services Risk Business Services 80

IT Governance

SEPTEMBER 13, 2022

According to Cisco’s 2022 Cybersecurity Almanac , the amount of money organisations spend recovering from cyber attacks is expected to increase by 75% in the five-year period from 2021 to 2025, reaching as much as $10.5 It’s why many experts recommend taking a defence-in-depth approach to cyber security. . trillion (about £8.9

Risk 110

Risk Security Data breaches Phishing 110

Getting Information Done

APRIL 18, 2017

Cybersecurity is a strategic priority for most organizations. We’ve all heard for years that information technology (IT) and cybersecurity require people, process, and technology; however, over the years, “people” and “process” have not received the same attention as “technology.” As a result, companies are turning to cyber insurance.

Government 53

Government Cybersecurity Insurance Information governance 53

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 92

Cloud Digital transformation Data structuring Marketing 92

KnowBe4

MARCH 28, 2023

A leader tasked with cybersecurity can get ahead of the game by understanding where we are in the story of machine learning (ML) as a hacking tool," Tyson writes. "At At present, the most important area of relevance around AI for cybersecurity is content generation. Security awareness training still has a place to play here."

Phishing 86

Phishing Security awareness Insurance Cybersecurity 86

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Types of Cyberattacks.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

Insurance 94

Insurance Government Cybersecurity Risk 94

IBM Big Data Hub

JULY 7, 2023

But with a proactive approach to data security, organizations can fight back against the seemingly endless waves of threats. IBM Security X-Force found the most common threat on organizations is extortion, which comprised more than a quarter (27%) of all cybersecurity threats in 2022. Where do data breaches originate?

Security 40

Security Data breaches Data Privacy Compliance 40

Hunton Privacy

JULY 16, 2021

On July 13, 2021, federal bank regulators – the Board of Governors of the Federal Reserve System (the “Board”), the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) (collectively, the “Regulators”) – requested public comment on proposed joint guidance regarding banking organizations’ management (..)

Risk 81

Risk Insurance Sales Encryption 81

IBM Big Data Hub

JANUARY 22, 2024

The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company. Notify the security team Once you’ve disconnected the affected systems, notify your IT security team of the attack.

Ransomware 115

Ransomware Encryption Analytics Data breaches 115

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Nevertheless, EyeMed certified its compliance with the Cybersecurity Regulation annually, from 2018-2021. Background.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

eSecurity Planet

SEPTEMBER 10, 2021

Backups are a critical component of any enterprise cybersecurity posture, but they are not an airtight strategy. As ransomware threats loom, we look at where backups fall short, and what to keep in mind to optimize network and data security. ” But access to and confidence in backups alone aren’t enough. Data Exfiltration.

Ransomware 119

Ransomware Encryption Cybersecurity Access 119

eSecurity Planet

OCTOBER 5, 2021

Basic cybersecurity defenses still apply: next generation firewalls (NGFW) , endpoint detection and response (EDR) platforms, employee cybersecurity training , patching. Our top managed security service providers (MSSPs) list is also a good place to look for help. Kaspersky’s key ransomware and security services.

Ransomware 139

Ransomware Encryption Cybersecurity Insurance 139

Security Affairs

APRIL 28, 2022

The criminal group had been mailing malware-ridden USBs to various entities in the transport, insurance, and defense industries under the guise that they originated from a trusted source, such as Amazon and the US Department of Health and Human Services. What you see is not what you get.

Cybersecurity 94

Cybersecurity Access Insurance Security 94

eSecurity Planet

JANUARY 5, 2024

It aims to prevent unauthorized access, manage data movement, and guard against potential security threats. When creating the firewall policy draft, these elements make up a detailed set of rules and guidelines controlling the use, management, and security configurations of a firewall inside an organization.

Compliance 107

Compliance Access Communications Cybersecurity 107

Hunton Privacy

DECEMBER 11, 2014

On December 10, 2014, the New York State Department of Financial Services (the “Department”) announced that it issued an industry guidance letter to all Department-regulated banking institutions that formally introduces the Department’s new cybersecurity preparedness assessment process.

Cybersecurity 40

Cybersecurity Financial Services Insurance Information Security 40

The Last Watchdog

DECEMBER 12, 2023

A look back at the cybersecurity landscape in 2023 rings all-too familiar: cyber threats rapidly evolved and scaled up , just as they have, year-to-year, for the past 20 years. Eyal Benishti , CEO, IRONSCALES Benishti Generative AI (GenAI) reshaped cybersecurity in 2023. Parts two and three to follow on Thursday and Friday.

Cybersecurity 258

Cybersecurity Phishing Authentication Analytics 258

Cyber Info Veritas

JULY 19, 2018

This is according to a recent survey conducted by Soha Systems, and according to one of the speeches delivered by the Superintendent of the New York State Department of Financial Services, Mr. Benjamin Lawsky, “ A company’s cybersecurity is only as strong as the cybersecurity of its third-party vendors ”.

Risk 40

Risk Cybersecurity Compliance Data breaches 40

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups. The problem is that businesses are not yet aware of double or triple extortion ransomware and how these tactics can affect their data protection strategies.

Ransomware 71

Ransomware Encryption Security awareness Insurance 71