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Cyber-insurance – 72 hours for the insured party to file a criminal complaint: GDPR’s false friend

Data Protection Report

The French Information and Digital Security Experts Club ( CESIN ) has estimated that 54% of French companies were subject to cyberattacks in 2021, [1] while France Assureurs has put cyberattack risks on top of all other risks for the sixth year in a row. [2] 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 104
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In the fragmented insurance landscape, let’s unify customer experience

Thales Cloud Protection & Licensing

In the fragmented insurance landscape, let’s unify customer experience divya Mon, 03/06/2023 - 06:13 You may think of an insurance company as a singularly-focused entity, offering protection for one product. However, the insurance business reaches across a disparate range of consumer products. To add to the challenge, a.s.r.

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HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost

Security Affairs

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

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On Cybersecurity Insurance

Schneier on Security

Good paper on cybersecurity insurance: both the history and the promise for the future. From the conclusion: Policy makers have long held high hopes for cyber insurance as a tool for improving security. Cyber insurance appears to be a weak form of governance at present.

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GUEST ESSAY: The Top 5 online privacy and data security threats faced by the elderly

The Last Watchdog

Ever present threats. Phishing emails may ask for personal information like a log-in or Social Security number to authenticate your account, or they may urge you to share your credit card payment details. A criminal exploiting someone’s medical or insurance details to make fraudulent claims is known as medical identity theft.

Privacy 267
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Best Practices Q&A: Guidance about what directors need to hear from CISOs — from a board member

The Last Watchdog

Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. Thus, presenting a sky-is-falling scenario to justify a fatter security budget, “does not resonate at the board level,” she said in her talk. Pigueros: Compliance is not going to fix all the security risks.

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How to make sure your cyber insurance policy pays out

IT Governance

Cyber insurance is big business these days. With the ever-present danger of data breaches and cyber attacks, organisations must be sure that they have the financial backing to respond appropriately. Most policies include provisions requiring organisations to follow certain information security best practices.