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A Cyber Insurance Backstop

Schneier on Security

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.

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Network Security Architecture: Best Practices & Tools

eSecurity Planet

Perimeter security tools include: Firewalls: Filter traffic and monitor access based upon firewall rules and policies for the network, network segment, or assets protected by different types of firewalls. Cloud Security Cloud security provides focused security tools and techniques to protect cloud resources.

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How to make sure your cyber insurance policy pays out

IT Governance

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures. Conduct regular vulnerability scans.

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How to Protect Your Organisation from a Cyber Attack

IT Governance

Organisations should prepare for these attacks by implementing robust cyber security controls and ensuring that employees know how to manage cyber security controls. Cyber Essentials is a UK government-backed framework supported by the NCSC (National Cyber Security Centre). Why Cyber Insurance is Essential in 2022.

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Best Fraud Management Systems & Detection Tools in 2022

eSecurity Planet

Since the beginning of the COVID-19 pandemic, businesses have responded to fraud by adopting new tools and strategies to combat the ever-evolving threat. Table of Contents Why Use Fraud Management and Detection Tools? Who Benefits Most From Using Fraud Management and Detection Tools? Why Use Fraud Management and Detection Tools?

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How to manage the growing costs of cyber security

IT Governance

In fact, a Kaspersky report has found that only half of organisations have a dedicated IT security team, and only one in five has the tools to monitor and respond to cyber security incidents. For these tools to be effective, organisations need experts to implement them correctly and respond appropriately to the data they gather.

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How to Find & Choose IT Outsourcing Services

eSecurity Planet

This will work fine for the largest companies and government agencies, but smaller companies, non-profits, and government agencies may have difficulty finding appropriate vendors. For example, the Health Insurance Portability and Accountability Act (HIPAA) only applies to organizations that transmit, store, or receive health data.

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