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CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. As a direct result of that blockage, oil couldn’t reach its destination, manufacturers couldn’t get crucial parts, and so on. As the CrowdStrike situation showed us, of course.

Insurance 100
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Insurers’ digital focus is looking through the wrong ‘lens’

CGI

Insurers’ digital focus is looking through the wrong ‘lens’. Read any article on digital insurance and it seems to me that it is all about the insurers! harini.kottees…. Tue, 02/28/2017 - 03:52. This again causes consumer dissatisfaction with the industry as a whole and drives unwanted consumer behaviours at the point of claim.

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Cybersecurity Incident Highlights Questions about Cyber Insurance Coverage

Hunton Privacy

On October 8, 2014, the Department of Homeland Security reported that over the course of several months, the network of a large critical manufacturing company was compromised. The incident raises some issues for cyber insurance.

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The hidden threats facing your intellectual property

IT Governance

For life sciences and pharmaceutical companies, this includes data on the development and testing of new therapies and details of how therapies are manufactured. Last year, private healthcare giant BUPA suffered a breach affecting 108,000 health insurance policies when a rogue employee copied and removed information from the organisation.

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CyberheistNews Vol 13 #20 [Foot in the Door] The Q1 2023's Top-Clicked Phishing Scams | INFOGRAPHIC

KnowBe4

[link] Munich Re: '3X Growth Estimated in Cyber Crime Costs Over the Next 4 Years' As cyber attacks continue to grow in sophistication and frequency, cyber insurers are expecting their market to double in the next two years. I've also talked quite a bit about cyber insurance and the recent trends. billion by 2027. "3x

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Catches of the month: Phishing scams for July 2021

IT Governance

Patients’ names, dates of birth, addresses, medical record numbers, patient account numbers, medical diagnoses, treatment and/or clinical information, test results, prescription information and health insurance details were all affected. Meanwhile, the researchers found that the most attacked industries are IT, healthcare and manufacturing.

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The Week in Cyber Security and Data Privacy: 20 – 26 November 2023

IT Governance

9 million records breached through decade-long data leak A former temporary employee of a subsidiary of NTT West (Nippon Telegraph and Telephone West Corp) illegally accessed about 9 million personal data records over the course of a decade (2013 to 2023). Breached records: more than 56 million.