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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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Episode 158: How NotPetya has Insurers grappling with Systemic Cyber Risk

The Security Ledger

We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.

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Security Affairs newsletter Round 469 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Companies and Government Agencies ArcaneDoor – New espionage-focused campaign found targeting perimeter network devices Israel Tried to Keep Sensitive Spy Tech Under Wraps.

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NYDFS settles cybersecurity regulation matter for $1.8 million

Data Protection Report

million settlement with two related insurance companies, relating to violations of two different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2019. Readers may recall that NYDFS’ cybersecurity regulation went into effect in March of 2017. NYDFS Cybersecurity Regulation.

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Privacy and Cybersecurity Top 10 for 2018

Data Matters

As we begin this New Year, here is list of the top 10 privacy and cybersecurity issues for 2018: EU GDPR. Smaller infringements, such as an organization’s failure to have their records in order, could result in fines of up to 2 percent of annual global turnover or €10 million (whichever is greater). Supreme Court Developments.

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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. SEC Statement and Guidance on Public Company Cybersecurity Disclosures.

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Weekly podcast: NHS upgrade, $242m Equifax loss and prison hacker jailed

IT Governance

The Department of Health and Social Care has signed a deal with Microsoft to upgrade the NHS’s extensive IT estate to Windows 10 in an attempt to bolster its cyber resilience in the wake of last year’s WannaCry ransomware outbreak. Unsurprisingly, Equifax plans to spend heavily on IT and data security in the coming months.