IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures. Document an incident response plan.

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Insurance Data breaches Risk Information Security 71

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.

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Risk Cybersecurity Encryption Access 138

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.

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Risk Compliance Communications Insurance 67

The Last Watchdog

AUGUST 8, 2022

Add in an increasing focus on data becoming a crucial enterprise asset—as well as the introduction of countless database and analytical tools, digital twins, artificial intelligence, and machine learning—and we are dealing with unprecedented technical complexities and risk. But think of the risks. Digital twins are incredibly useful.

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Security Artificial Intelligence Risk Cybersecurity 214

AIIM

AUGUST 19, 2021

Despite the proven operational improvements to be gain by going paperless, paper is still prevalent in too many core business processes today including loan applications, insurance claims, and customer onboarding. Reduced Business Risks: A fully digital environment allows you to work not only faster, but also safer.

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Paper ECM Digital transformation Insurance 217

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.

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Risk Insurance Access Security 195

Armstrong Archives

AUGUST 19, 2024

This article examines the risks of storing hard copies and outlines best practices for their protection. Understanding Hard Copy Vulnerabilities Recognizing the vulnerabilities of paper documents is key to understanding how to protect them over time. How to protect paper documents?

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Collibra

JULY 2, 2024

But as most businesses recognize, innovation is nothing without the right governance to ensure that risks don’t get out of hand. AI governance is about increasing business value while retaining control As AI continues to permeate the fabric of life and work worldwide, so too does AI-based risk increase.

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Unstructured data Government Risk Metadata 64

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.

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Risk Artificial Intelligence Agriculture Financial Services 60

eSecurity Planet

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. Insured companies often will not have options. The First Calls After an Attack.

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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. Mobilizing data governance programs.

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Krebs on Security

JUNE 15, 2023

TechCrunch has been tracking the fallout from victim organizations , which range from banks and insurance providers to universities and healthcare entities. “So how to mitigate the impact of having to use a domain-joined network appliance at the edge of your network that is going to get zero-day in it? ”

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Risk Ransomware Cybersecurity Access 212

IBM Big Data Hub

JANUARY 22, 2024

The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company. The post How to handle a ransomware attack appeared first on IBM Blog. Notify the security team Once you’ve disconnected the affected systems, notify your IT security team of the attack.

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IT Governance

MAY 3, 2019

An RTP (risk treatment plan) is an essential part of an organisation’s ISO 27001 implementation process, as it documents the way your organisation will respond to identified threats. What are your risk treatment options? What are your risk treatment options? Avoid the risk by ceasing any activity that creates it.

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IT Governance

SEPTEMBER 27, 2022

The framework consists of five interrelated stages (or ‘layers’) to mitigate the risk of data breaches: detection, protection, management, response and recovery. Organisations should prepare for these attacks by implementing robust cyber security controls and ensuring that employees know how to manage cyber security controls.

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Data breaches Government Insurance Risk 103

Threatpost

JULY 19, 2018

In this InfoSec Insider cyber insurance expert Nick Sanna discusses how to balance threat exposures and protecting assets with insurance against hacking, breaches and vulnerabilities.

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Insurance Risk Security 46

eSecurity Planet

DECEMBER 9, 2021

We make IT, security, or any business decision by weighing the risks and the rewards. Be in-line with insurance policies. Be in-line with insurance policies. Insurance policies can also heavily influence how we respond to an incident—particularly cybersecurity. Document contingencies. Plan at a high level.

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IT Governance

JANUARY 5, 2018

A risk assessment is the process of identifying, analysing and evaluating risk. Carrying out a risk assessment is the only way to ensure that the cyber security controls chosen for your organisation are appropriate to the risks it may face. What does a cyber security risk assessment include?

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Risk Information Security Insurance Security 54

Schneier on Security

APRIL 12, 2018

Good article about how difficult it is to insure an organization against Internet attacks, and how expensive the insurance is. But even with 20 years' worth of experience and claims data in cyberinsurance, underwriters still struggle with how to model and quantify a unique type of risk.

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Insurance Cybersecurity Data breaches Retail 51

Hunton Privacy

MAY 27, 2015

In a webinar, entitled Cyber Insurance: Addressing Your Risks and Liabilities , hosted by Hunton & Williams LLP and CT , Hunton & Williams partners Lon A. Berk and Lisa J. Download a copy of the webinar.

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Insurance Risk Data breaches Education 45

IT Governance

SEPTEMBER 13, 2022

The framework consists of five interrelated stages (or ‘layers’) to mitigate the risk of data breaches: detection, protection, management, response and recovery. . It’s only by understanding the threats you face and where your cyber defences are most at risk that you can implement appropriate defences. . Stage 1: Detection.

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eSecurity Planet

AUGUST 27, 2021

Cyberattacks caused by supply chain vulnerabilities mean organizations need a renewed perspective on how to address third-party security. In a developing market, third-party risk management (TPRM) software and tools could be the answer to helping organizations fill the gap. Best Third-Party Risk Management (TPRM) Tools.

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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.

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Risk Insurance Sales Encryption 81

AIIM

NOVEMBER 23, 2021

As we engaged in a bit of Socratic dialogue, it became clear to us all that the perceived role of information governance had to shift from a singular focus on risk and cost reduction. How to Create an Information Governance Strategy Your Executives Care About. Create a risk/value framework. If so, don't lose hope.

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Information governance Government Customer Experience Archiving 118

KnowBe4

MARCH 28, 2023

CyberheistNews Vol 13 #13 | March 28th, 2023 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks Users need to adapt to an evolving threat landscape in which attackers can use AI tools like ChatGPT to craft extremely convincing phishing emails, according to Matthew Tyson at CSO. "A Don't get caught in a phishing net!

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Phishing Security awareness Insurance Cybersecurity 97

eSecurity Planet

AUGUST 4, 2023

But ignoring issues that you lack the time or expertise for can risk operational failure or security incidents. Most organizations seek to eliminate these risks by outsourcing specific projects or even their full IT or cybersecurity needs. In smaller companies, the issues become even more profound. You can unsubscribe at any time.

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The Last Watchdog

JANUARY 30, 2019

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.

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Risk Financial Services Insurance Cybersecurity 147

Hunton Privacy

OCTOBER 14, 2019

From physical threats to cyber attacks targeting a wide range of critical infrastructure, companies in diverse sectors, such as the financial, retail, entertainment, energy, transportation, real estate, communications and other areas, face a challenging landscape of risks and potential liabilities. Join us on October 28, 2019, at 12:00 p.m.

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Insurance Security Retail Risk 49

HL Chronicle of Data Protection

MAY 7, 2019

Please join the Hogan Lovells Privacy and Cybersecurity team on May 15 for our webinar, Hacking 101: How it Works and How to Mitigate Risk. We will explore how certain common hacks work from a technical perspective and how to mitigate related risks from a legal and compliance perspective.

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Risk IT Compliance Privacy 40

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

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Insurance Risk Marketing Cybersecurity 71

IT Governance

NOVEMBER 7, 2018

Along with business continuity planning , it’s an essential strategy for managing the ever-increasing risk of disruption. Disaster recovery is effectively a form of insurance; you are spending money preparing for a scenario that you hope never occurs. Perform a risk assessment and business impact analysis.

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Insurance Risk Data breaches Government 89

The Last Watchdog

APRIL 8, 2024

Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. She serves on the board of several technology companies and also happens to be steeped in cyber risk governance. How does the SEC’s stricter rules come into play, for instance. Security is just one risk element of this reality.

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Compliance Cybersecurity Risk Mining 210

Ascent Innovations

SEPTEMBER 14, 2023

Support plans, like insurance, are boring. Allocating money for a service that you may not need all the time can seem like an acceptable risk. Author: Matthew Newcomb Senior Solution Consultant Follow: The post How to Find the Right Microsoft AX 2012 Support Partner appeared first on Ascent Innovations LLC.

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Insurance Risk IT 52

Thales Cloud Protection & Licensing

MAY 29, 2024

Because AI has taken center stage in identity verification and authentication, Jason will delve into the risks and biases and how these impact customer experience, architecture, and compliance. Legacy CIAM systems go against the grain of insurance companies' digital goals, hampering user experience with slower, less secure methods.

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B2B Insurance Customer Experience B2C 62

The Last Watchdog

JUNE 2, 2022

Third-Party Risk Management ( TPRM ) has been around since the mid-1990s – and has become something of an auditing nightmare. Related: A call to share risk assessments. This is because third-party risk has become a huge problem for enterprises in the digital age. Cyber risks profiling. This alone was a huge improvement.

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Armstrong Archives

JULY 9, 2021

In 1996, the Health Insurance Portability and Accountability Act (HIPAA) established a set of regulations involving the storage of and destruction of protected health information (PHI). To avoid risks of violating HIPAA compliant storage requirements for paper records, there are a few steps a practice should take: Create physical safeguards.

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AIIM

NOVEMBER 13, 2017

Why would an insurance customer accept submitting data for an insurance claim in paper and then waiting for days/weeks as in the past. The top ones that come to mind are impact on profitability, compliance risk and falling behind the competition. Consumerization drives these changing requirements.

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Digital transformation B2C Insurance Paper 107