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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Risk 189
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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

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.

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Government survey reveals GDPR awareness is falling short

IT Governance

The Cyber Security Breaches Survey 2018 from the Department for Digital, Culture, Media and Sport (DCMS) has revealed that only 38% of businesses and 44% of charities have heard of the General Data Protection Regulation (GDPR). This is a worrisome finding, as it is only a matter of months until the new Regulation is enforced. Key findings.

GDPR 63
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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

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.

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How can organisations close the cyber security skills gap?

IT Governance

The alternative is to build an internal security team and encourage employees in security-adjacent roles, such as IT, to take cyber security training courses. But if external candidates are hard to come by and internal training will take too long, what do you do? The answer is Cyber Security as a Service.

Security 122
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How to manage the growing costs of cyber security

IT Governance

The costs of anti-virus software, staff awareness training, Cloud services and countless other resources stack up – and even then, you need to find skilled personnel to lead your security strategy, which is easier said than done. You’ll have access to a wide range of tools, training and support that can be deployed to kick-start your journey.

Security 124
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62% of organisations unaware of the GDPR

IT Governance

There is an alarming lack of awareness across all industries about the EU General Data Protection Regulation (GDPR) , according to a government survey. The survey split respondents into businesses and charities. 6% of businesses and 12% of charities have installed, changed or updated antivirus or anti-malware software.

GDPR 63