Remove category security-breach
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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 And costs can be much higher for some industries and geographic locations (including the United States). Cyber Insurance is Booming. million and climbing. was worth roughly $4.1

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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. But those aren’t the only laws or regulations that affect IT security teams. Healthcare Data Privacy Laws.

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Record Retention Policy for Businesses: A Strategic Guide to Compliance and Efficiency

Armstrong Archives

No matter the size of a business, a well-defined record retention policy serves multiple purposes: ensuring compliance with legal and regulatory requirements, aiding in efficient document management, and securing sensitive information. Also, their policies must be tailored to their specific industry requirements and business size.

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Web3 Cybersecurity: Are Things Getting Out of Control?

eSecurity Planet

Here’s a look at some recent examples: Axie Infinity: Sky Mavis, which is based in Singapore, is the developer of this play-to-earn online game. Sky Mavis has taken steps to improve its security. The risks are high as it’s a new, loosely regulated industry with many new technologies that may not be fully vetted or secured.”.

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Written IT Security Policies: Why You Need Them & How to Create Them

eSecurity Planet

Many security professionals think that if they have done the hard work of securing their organization, that should be enough. Even though drafting IT security policies can be a pain, formal policies provide a valuable resource to protect both the IT team and their organization. Written security policies.

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Automated Security and Compliance Attracts Venture Investors

eSecurity Planet

I remember the first time we were asked for a SOC 2 report, which quickly became the minimum bar requirement in our industry for proof of an effective security program,” he said. The vision was to automate security and compliance across 14 frameworks, including SOC 2, ISO 27001, HIPAA and GDPR. Here are a few other winners.

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Think Ransomware Can’t Put You Out of Business?

Adam Levin

No industry, category, size, or group is safe from this cyber scourge. The numbers point to a nascent blame game, which in turn points to the need for companies large and small to make sure they have cyber insurance–often the only thing between your company and an extinction-level cyber event. We hear about the big ones.