The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Risk 189

Risk Insurance Energy and Utilities Marketing 189

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. This shift to digital technology has created a new class of digital risks that are constantly evolving and strike faster and often with more severity than traditional risks. Evolving global risk environment alters the cyber insurance landscape.

Insurance 79

Insurance Risk Cybersecurity Ransomware 79

eSecurity Planet

APRIL 29, 2024

Integrated risk management (IRM) is a discipline designed to embed risk considerations for the use of technology throughout an organization. In other words, it links technology spending directly to the value of the resource protected and the associated risks controlled by that technology.

Risk 67

Risk Compliance Communications Insurance 67

Security Affairs

JANUARY 6, 2024

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.

Insurance 108

Insurance Healthcare Manufacturing Ransomware 108

IBM Big Data Hub

NOVEMBER 30, 2023

Risks from wildfires, floods, heat, drought and wind have always been a concern, but climate change has intensified these risks, making them more frequent and unpredictable for organizations. This situation increases the need for businesses to adapt their sustainability strategies to address climate change issues.

Energy and Utilities 93

Energy and Utilities Insurance Risk Retail 93

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks.

Insurance 114

Insurance Ransomware Cybersecurity Marketing 114

KnowBe4

DECEMBER 7, 2022

Recent attacks are helping cyber insurers better understand what security strategies need to be in place and how to price policies based on the risk those policies cover.

Insurance 102

Insurance Risk Security Security awareness 102

Hunton Privacy

MARCH 2, 2023

On March 2, 2023, the Biden-Harris Administration announced the release of the National Cybersecurity Strategy. ONCD, in coordination with the Office of Management and Budget, will work to implement the Strategy under the oversight of National Security Council staff.

Cybersecurity 110

Cybersecurity IoT Military Insurance 110

Thales Cloud Protection & Licensing

MARCH 13, 2023

Key Points from the US National Cybersecurity Strategy 2023 divya Mon, 03/13/2023 - 15:39 On March 2, the Biden administration released its 2023 National Cybersecurity Strategy, an attempt “ to secure the full benefits of a safe and secure digital ecosystem for all Americans.” Defend Critical Infrastructure 2.

Cybersecurity 126

Cybersecurity Encryption Risk Government 126

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 128

Insurance Ransomware Risk Data science 128

IT Governance

OCTOBER 15, 2020

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

Insurance 122

Insurance Data breaches Risk Security 122

IBM Big Data Hub

MARCH 27, 2024

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? Substantial repair costs might arise, particularly impacting insurance companies.

Risk 65

Risk Artificial Intelligence Agriculture Financial Services 65

Data Protection Report

AUGUST 29, 2022

On July 13, 2022, the Office of the Superintendent of Financial Institutions (OSFI) released its final Guideline B-13 (the Guideline), setting out technology and cyber risk management expectations for all federally regulated financial institutions (FRFIs), such as banks, insurance and trust companies. Read the full update here.

Risk 116

Risk Insurance Cybersecurity Government 116

The Last Watchdog

JUNE 1, 2020

Enterprise risk management (ERM) is a comparatively new corporate discipline. NIST has been getting positive feedback to draft guidelines it issued in late March which essentially serves as a roadmap for enterprises to account for cyber exposures when implementing ERM strategies. I had the chance to drill down on this with Clinton.

Risk 199

Risk Insurance Cybersecurity Marketing 199

OpenText Information Management

APRIL 2, 2024

As new technologies emerge, so do the financial risks associated with their adoption. In its recent assessment, Time has identified “ungoverned AI” as one of the top risks of 2024. This underscores the imperative need for organizations to proactively approach their risk analysis. But that’s not all.

Risk 76

Risk Privacy Data Privacy Data breaches 76

The Last Watchdog

NOVEMBER 20, 2023

The Qualys Enterprise TruRisk Platform centers around helping customers holistically measure, effectively communicate, and proactively eliminate cyber risk, with a hyper focus on the impact of cyber risk on business risk.

Risk 100

Risk Communications Cybersecurity Insurance 100

The Last Watchdog

JUNE 6, 2022

Unmanaged smartphones and laptops, misconfigured Software as a Service (SaaS) apps, unsecured Internet access present more of an enterprise risk than ever. CISOs need only to follow the principles honed over the past 200 years by the property and casualty insurance industry. The third capability has to do with mitigating risks.

Risk 263

Risk Security Cloud Insurance 263

eSecurity Planet

MARCH 3, 2023

The White House’s National Cybersecurity Strategy unveiled yesterday is an ambitious blueprint for improving U.S. ” Another key element of the plan is for the government to act as a backstop for the insurance market in event of “catastrophic events.”

Cybersecurity 117

Cybersecurity Government Manufacturing Personal data 117

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. What is Cybersecurity Risk Management? Setting Up Your Risk Management System.

Risk 140

Risk Cybersecurity Encryption Access 140

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Thales Cloud Protection & Licensing

MAY 26, 2023

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.

Insurance 71

Insurance Digital transformation Security Authentication 71

The Last Watchdog

MAY 10, 2021

With RSA Conference 2021 technical sessions getting underway today, I sat down with Fred Kneip, CEO of CyberGRX , to hash over the notion that a lot of good could come from more systematic sharing of the risk profiles that large enterprises routinely compile with respect to their third-party contractors. Crowdsourcing risk profiles.

Risk 195

Risk Insurance Access Security 195

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 59

Insurance Cloud Digital transformation Customer Experience 59

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No.

Insurance 70

Insurance Cybersecurity Risk Education 70

Reltio

JUNE 9, 2022

The insurance industry is facing unprecedented disruption. Insurance carriers have been called to transform customer experience, business offerings, and operations. As an insurer, your current business models are being challenged by new thinking, new competitors, and new ways of working.

Digital transformation 52

Digital transformation Insurance MDM Customer Experience 52

Thales Cloud Protection & Licensing

JANUARY 24, 2024

Protecting Against the Risks and Managing the Complexities of a Quantum World with Thales and IBM Consulting madhav Thu, 01/25/2024 - 11:03 Contributors: Ollie Omotosho - Director, Strategir Partnerships, Thales Antti Ropponen, Head of Data & Application Security Services, IBM Consulting In the world of business, data security is paramount.

Risk 87

Risk Encryption Blockchain Authentication 87

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Collibra

APRIL 9, 2021

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably. Drivers for cloud adoption.

Insurance 59

Insurance Cloud Data science Analytics 59

eSecurity Planet

NOVEMBER 5, 2021

Enterprise risk management software can provide risk monitoring, identification, analysis, assessment, and mitigation, all in one solution. . While a number of solutions focus on the operational and financial risks posed to enterprises, this article focuses on software vendors specializing in cybersecurity risk management.

Risk 112

Risk Compliance Cloud Access 112

Daymark

DECEMBER 5, 2023

On October 30, 2023, the US Securities and Exchange Commission (SEC) announced fraud charges against SolarWinds and its former chief information security officer (CISO), alleging that “ SolarWinds’ public statements about its cybersecurity practices and risks were at odds with its internal assessments.”

Insurance 62

Insurance Cybersecurity Risk Information Security 62

Hunton Privacy

JULY 16, 2021

The Proposed Guidance seeks to promote consistency in banking organizations’ third-party risk management, replacing agency-specific guidance with a framework that applies to all banking organizations supervised by the Regulators.

Risk 81

Risk Insurance Sales Encryption 81

IT Governance

SEPTEMBER 13, 2022

Organisations are continually urged to invest more in defences – whether it’s technological solutions, staff awareness training or revamped compliance practices – but if those solutions aren’t part of a cohesive strategy, the benefits will be minimal. Stage 1: Detection. Organisations can perform these tasks with the help of ISO 27001.

Risk 110

Risk Security Data breaches Phishing 110

Collibra

MARCH 11, 2024

While AI offers great opportunities, it can also present enormous risks. With the increased focus on AI, organizations need to prepare for the future with strong AI governance to mitigate risks and increase ROI. What you will learn at Data Citizens We all know that AI is at the center of most data strategies today.

Government 100

Government Cloud Metadata Insurance 100

The Security Ledger

SEPTEMBER 11, 2019

Third party cyber risk is growing. In this Spotlight Podcast, a companion to our new eBook, Rethinking Third Party Cyber Risk Management, we go deep on the topic of building a mature third party cyber risk program with Dave Stapleton the Director of Assessment. » Related Stories Third Party Cyber Risk is growing.

Risk 40

Risk GDPR Data Privacy Personal data 40

The Last Watchdog

MARCH 13, 2023

In other words, they shouldn’t detail how cybersecurity spending drives revenue and that cuts to the security program directly affect relationships and requirements with three key constituencies: customers, insurers, and regulators. Ultimately, cybersecurity can become a profit center when customers, insurers, and regulators require it.

Security 203

Security Insurance Cybersecurity Customer Experience 203

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Further, managing the short-term and long-term policies and procedures of your organization can be challenging without an effective GRC strategy in place.

Compliance 57

Compliance Risk Government Retail 57

DLA Piper Privacy Matters

MAY 17, 2018

The guide reviews the insurability of GDPR fines across Europe, which can reach up to €20 million or, if higher, up to 4% of a group’s annual global turnover. It also looks at insurability of costs associated with GDPR non-compliance (e.g. Criminal penalties are almost never insurable.

Insurance 45

Insurance GDPR Data breaches Personal data 45