This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. The benefits of cyber insurance.
In a recent AIIM survey, 85% of finance and insurance executives said that digital preservation was “important” or “very important” to their organizations – even higher than the 77% reported in other industries. Why is it particularly important in finance and insurance?
Earlier this year AIIM conducted a survey, in partnership with Parascript , called “The Leaders in Capture.” Indeed, 100% of the survey participants are actively involved with managing the planning, selection, configuration, or operation of a document capture. Survey Findings. FREE Infographic: Intelligent Automation Trends].
Back in 2017, I called up a few of the information governance friends I’d made through the AIIM Community to better understand the challenges they were up against. Four years later, we're finally seeing this shift in governance mindsets in nearly every AIIM member organization we speak with. Hurdles to Information Governance Success.
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. The Framework.
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. Digital Transformation is More Than Scanning Paper Documents.
The Cyber Security Breaches Survey 2018 from the Department for Digital, Culture, Media and Sport (DCMS) has revealed that only 38% of businesses and 44% of charities have heard of the General Data Protection Regulation (GDPR). This is a worrisome finding, as it is only a matter of months until the new Regulation is enforced. Key findings.
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. sought coverage for expenses under its property insurance policy.
Sophos’s most recent annual ransomware survey, The State of Ransomware 2021 , found that 37% of organisations surveyed in 2021 had been affected by ransomware in the previous year. Although this is a year-on-year reduction (51% of surveyed organisations were affected in 2020), the threat remains significant.
However, that’s more a function of hackers targeting individuals less, and companies and governments more. A survey of local media reports by Recorded Future tallied 38 ransomware attacks against cities in 2017, rising to 53 attacks in 2018. In its survey of 600 business leaders and 1,000 consumers in the U.S., days in Q1 2019.
It doesn’t matter if you’re an insurance company, local government agency, or something else. In tapping into the AIIM end-user community, we found impressive examples of that philosophy at work in leading organizations like Farmers Insurance, Ogilvy, and UnitedHealth Group.
Dresner surveyed nearly 800 business intelligence (BI) professionals to examine customer preferences, customer investment and vendor performance in the data catalog space. 47% of Dresner’s survey respondents indicated that they have difficulty accessing data, but simply locating data is only part of the challenge.
” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. Cyber Regulations Could Bring Fairness.
Ordinance Survey discovers breach of employee data (1,000). Puerto Rico government loses $2.6 Wake County, NC, learns that third party breached government employee info (1,900). Pacific Specialty Insurance Company notifies plan members of 2019 data breach (unknown). Cyber attacks. million in phishing scam (unknown).
A UK government report published last year found that 48% of organisations lacked the expertise to complete routine cyber security practices. A recent Field Effect Software survey found that 27% of respondents are looking to outsource some or all of their cyber security operations. appeared first on IT Governance UK Blog.
The UK government scheme outlines five controls that cover the core data protection components. The Cyber Security Breaches Survey 2022 found that 39% of UK businesses identified a cyber attack last year, while another report learned that organisations spend almost £3 million on average responding to security incidents.
The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. Implement Cyber Essentials This government-backed scheme comprises five basic, inexpensive controls that prevent most attacks. Subscribe now The post The False Economy of Deprioritising Security appeared first on IT Governance UK Blog.
Palo Alto Networks has discovered that healthcare agencies, governments, universities with medical centres, medical publishing firms and insurance companies across the UK, Australia, Canada, Italy and the US have been targeted by sophisticated scams. Phishing scams. The post Secure Together: Britons scammed out of £3.5
which breached sixteen years’ worth of insurance data. UK government commits email privacy blunder (300). Hong Kong government dental clinic loses patients’ personal data (383). Unsecured survey database exposes respondents’ personal details (8 million). billion records leaked appeared first on IT Governance Blog.
PwC’s 2022 Global Economic Crime and Fraud Survey reported that 46% of surveyed organizations experienced corruption, fraud, or other economic crimes in the 24-month survey period. For example, Experian’s 2021 Global Identity and Fraud Report stated that 82% of surveyed businesses had adopted customer recognition strategies.
One in five schools and colleges have fallen victim to cyber crime, according to research from the specialist insurer Ecclesiastical, yet the majority (74%) of educational establishments claim to be “fully prepared” to deal with such attacks. . Both exploit human error. . Cyber Essentials and Cyber Essentials Plus .
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.
Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Case & survey management. Audit management.
According to a recent Field Effect Software survey , 27% of respondents said they are looking to outsource some or all of their cyber security operations, compared to 24% that are investing in ongoing cyber security education and 23% that are increasing their IT or security budget. Get started.
Government payment scheme. This scam claims that the UK government is paying all residents £258 to help them during the disruption caused by COVID-19. That doesn’t sound too far-fetched, and it is in a similar format to the nationwide text that the government sent when the UK went into lockdown. Supermarket vouchers.
Cybersecurity in the boardroom: 7 steps to improve cyber governance. High-profile incidents coupled with increasing government focus are raising awareness of the extent and potential impact of cybersecurity breaches. and European government action to improve the protection of critical national infrastructure. kathy.jacquay@….
Cybersecurity in the boardroom: 7 steps to improve cyber governance. High-profile incidents coupled with increasing government focus are raising awareness of the extent and potential impact of cybersecurity breaches. and European government action to improve the protection of critical national infrastructure. Add new comment.
The 2023 vendor surveys arriving this quarter paint a picture of a cybersecurity landscape under attack, with priority issues affecting deployment, alert response, and exposed vulnerabilities. The vendor surveys report that: Cisco: Analyzed that 35% of all attacks in 2023 were ransomware. 60% of all breaches come from the USA.
According to a PhishMe survey , many of us think that’s the case. of respondents, and a message saying the recipient was eligible for medical insurance was clicked by 39.2% of respondents, and various other celebratory e-cards and employee satisfaction surveys were opened by 17.2% Fear: 10.4%. Opportunity: 7.8%. of recipients.
There is an alarming lack of awareness across all industries about the EU General Data Protection Regulation (GDPR) , according to a governmentsurvey. The survey split respondents into businesses and charities. Fortunately, IT Governance provides a variety of tools and services to help you achieve and maintain GDPR compliance.
The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.
According to the 2017 SANS Incident Response Survey , the challenges facing CIR management include: A lack of resources; Staffing and skills shortages; Budgetary shortages for tools and technology; Detecting sophisticated attackers and removing their traces; and. How IT Governance can help you with your CIR management.
When MOVEit was hacked by the Russian Cl0p ransomware gang in May, email addresses and links to government employee surveys were compromised. Compromised information included patients’ names, dates of birth, postal addresses, Social Security numbers, diagnosis and treatment information, and health insurance information.
Several surveys reveal the extent of cost damages across many verticals due to the problems associated with data quality. Data quality significantly influences the organizational efforts in governance and compliance, leading to additional rework and delay. But they struggle with data quality issues all the time. Inconsistent data .
In May of 2020 I was honored to speak at the MERv conference with John Frost of Box on the topic of Using Information Governance with a Privacy Compliance Plan as the Fulcrum for Data Privacy and Continuous Compliance. To provide these things, you must build a strong information governance framework and privacy compliance plan to succeed.
Kevin Richards of the insurer Marsh joins us to talk about that company's Cyber Risk Perceptions Survey. In this episode of Security Ledger Podcast (#163) sponsored by LastPass: Kevin Richards of the insurer Marsh joins us to talk about that company’s Cyber Risk Perceptions Survey. Read the whole entry. »
According to a survey by the MIT Sloan Management Review, nearly 85% of executives believe generative AI will enable their companies to obtain or sustain a competitive advantage. A leading insurance player in Japan leverages this technology to infuse AI into their operations.
Global survey results released today found that process knowledge is the primary success factor for robotic process automation (RPA) projects, yet only 31% of US organizations are currently using process mining tools to understand their processes. 70% of US Decision Makers Find Process Insight Essential for RPA Success.
The General Data Protection Regulation (GDRP) The GDPR is a European Union privacy regulation that governs how organizations in and outside of Europe handle the personal data of EU residents. The agency does not collect any PII from the households it surveys. It records only whether anyone is sick.
According to a recent market study 1 , 71% of individuals surveyed said double and triple extortion tactics have grown in popularity over the last 12 months, and 65% agree that these new threats make it tougher to refuse ransom demands. The pains of double extortion ransomware A security gap? To learn more, contact an encryption specialist.
1942 - ) Thanks for reading CyberheistNews You can read CyberheistNews online at our Blog [link] Security News WSJ: "Merck's Insurers on the Hook in $1.4 1942 - ) Thanks for reading CyberheistNews You can read CyberheistNews online at our Blog [link] Security News WSJ: "Merck's Insurers on the Hook in $1.4 must help cover $1.4
Morrisons has also been the subject of a supposed voucher giveaway , with people receiving emails offering money off their next shop if they complete a survey. Why would the government take money away from the NHS and give it to citizens? Why would the government take money away from the NHS and give it to citizens?
A third of businesses and a fifth of charities were hit by a cyber attack or data breach in the past year, the UK government’s Cyber Security Breaches Survey 2019 has found. More medium-sized (31% vs 19%) and large businesses (35% vs 24%) have invested in cyber insurance. appeared first on IT Governance Blog.
In fact, Microsoft’s latest survey of small business trends, challenges, and opportunities revealed that one-third of SMBs consider AI a “top four” priority, and 71% have plans to either begin or accelerate AI investments within the next year.
We organize all of the trending information in your field so you don't have to. Join 55,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content