Remove GDPR Remove Insurance Remove Marketing Remove Security
article thumbnail

Why Cyber Insurance is Essential in 2022

IT Governance

Organisations must always look for cost-effective ways to address the cyber security risks they face. With more than 1,200 publicly disclosed data breaches last year , and organisations spending almost £3 million on average responding to security incidents , effective risk management is a top priority. The benefits of cyber insurance.

Insurance 137
article thumbnail

How Much Cyber Liability Insurance Do You Need?

IT Governance

Cyber liability insurance helps organisations cover the financial costs of a data breach. Without insurance, organisations spend £3.6 million on average recovering from security incidents. By purchasing cyber liability insurance, organisations gain the resources they need at a fraction of the cost.

Insurance 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lloyd’s Will No Longer Include Nation-State Attacks in its Cyber Insurance Policies

IT Governance

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 105
article thumbnail

EUROPE: Are GDPR fines insurable in the countries where you operate?

DLA Piper Privacy Matters

DLA Piper and Aon have launched a guide ‘ The price of data security ‘, ahead of the General Data Protection Regulation (GDPR), effective from 25 May 2018. The guide reviews the insurability of GDPR fines across Europe, which can reach up to €20 million or, if higher, up to 4% of a group’s annual global turnover.

article thumbnail

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. Growth has definitely been robust.

article thumbnail

MY TAKE: NIST Cybersecurity Framework has become a cornerstone for securing networks

The Last Watchdog

I had the chance at RSA 2019 to visit with George Wrenn, founder and CEO of CyberSaint Security , a cybersecurity software firm that plays directly in this space. The CSF’s core principles have been incorporated into Europe’s GDPR , NYDFS’s cybersecurity requirement s, California’s Consumer Privacy Act and Ohio’s Data Protection Act.

article thumbnail

GDPR Compliance Obligations: The relationship between Data Controllers and Third-Party Processors

AIIM

You might also be interested in: The Re-Permissioning Dilemma Under GDPR. Data Privacy and Open Data: Secondary Uses under GDPR. Three Critical Steps for GDPR Compliance. Mitigate Data Privacy and Security Risks with Machine Learning. The Privacy and Security Dichotomy. GDPR Compliance Starts with Data Discovery.

GDPR 83