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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.

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Rise in cyber attacks leads to cyber insurance business soaring

IT Governance

Increased interest in cyber insurance. With more than 800 million records being leaked in 2017 ( find out more in our Breaches and Hacks Blog Archive ), it’s not surprising that cyber insurance business has increased in recent months. Insurers assess an organisation’s cyber risk to set premium levels.

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Mastering healthcare data governance with data lineage

IBM Big Data Hub

Healthcare organizations need a strong data governance framework to help ensure compliance with regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) in the US and the General Data Protection Regulation (GDPR) in the EU. ” Michael L.,

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The Impact of Remote Work and Cloud Migrations on Security Perimeters

Security Affairs

Different industries and regions have specific regulatory requirements, such as the General Data Protection Regulation (GDPR) for data protection in the EU, the Health Insurance Portability and Accountability Act (HIPAA) for healthcare information in the US, and the Payment Card Industry Data Security Standard (PCI-DSS) for credit card information.

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Data Breach: Turkish legal advising company exposed over 15,000 clients

Security Affairs

The server contained 55,000 court papers regarding over 15,000 legal cases, which affected hundreds of thousands of people. Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. Document sent to the insurance company by the victim’s lawyer.

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What Is Information Security Management?

IT Governance

The introduction of the GDPR (General Data Protection Regulation) and its UK equivalent have emphasised the importance of effective information security, giving supervisory authorities the power to issue sizeable fines. Whatever the purpose of this data, it’s essential that organisations protect it. Get started with ISO 27001.

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Ransomware victim Travelex forced into administration

IT Governance

The deal will reportedly deliver £84 million of new money and substantially reduce Travelex’s debts – which increased by £25 million in Q1 as a result of the attack and the pandemic, although the firm said its cyber insurance policy will recoup a large portion of these losses. Paying the ransom doesn’t solve your problems.