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Top 5 Cyber Security Risks for Businesses

IT Governance

In an increasingly digital world, there are an escalating number of cyber security risks for business to address. IT Governance identified more than 1,200 publicly disclosed data breaches in 2021 , while another report found that security incidents cost almost £3 million on average. Weak passwords. Poor patch management.

Risk 144
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CIAM in insurance: A unified, secure user experience with a single login

Thales Cloud Protection & Licensing

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

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New Hampshire Governor Signs Insurance Data Security Law

Hunton Privacy

On August 2, 2019, New Hampshire Governor Chris Sununu signed into law SB 194 (the “Bill”), which requires insurers licensed in the state (“licensees”) to put in place data security programs and report cybersecurity events. Key provisions of the Bill include: Information Security Program. Incident Response Plan.

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Automating Security Risk Assessments for Better Protection

eSecurity Planet

Protecting your organization from IT security risks is an ongoing, fluid task. Proactively identifying, mitigating and remediating security threats is one of the biggest challenges today’s global businesses face. Components of Security Risk Assessments. Password protocols. Endpoint protection. Data backups.

Risk 70
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UK Information Commissioner’s Office Fines Construction Company £4.4 Million for Breach of Security Obligations

Hunton Privacy

million fine to Interserve Group Limited for failing to keep employee personal data secure, which violates Article 5(1)(f) and Article 32 of the EU General Data Protection Regulation (“GDPR”), during the period of March 2019 to December 2020. On October 24, 2022, the UK Information Commissioner’s Office (“ICO”) issued a £4.4

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147
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Episode 163: Cyber Risk has a Dunning-Kruger Problem also: Bad Password Habits start at Home

The Security Ledger

In this episode of Security Ledger Podcast (#163) sponsored by LastPass: companies are spending more than ever on cyber security, but feel less secure. Kevin Richards of the insurer Marsh joins us to talk about that company's Cyber Risk Perceptions Survey. A Dunning-Kruger Effect with IT Risk?

Risk 40