eSecurity Planet

AUGUST 20, 2024

billion records, including Social Security numbers, have been compromised in a cyberattack targeting National Public Data (NPD), a company specializing in background checks. NPD reportedly had a legal and ethical responsibility to protect and secure this information from unauthorized access and breaches, a duty it allegedly failed to uphold.

Data breaches 130

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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 145

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.

Insurance 72

Insurance Data breaches Risk Information Security 72

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

IT Governance

SEPTEMBER 13, 2022

It’s why many experts recommend taking a defence-in-depth approach to cyber security. . The framework consists of five interrelated stages (or ‘layers’) to mitigate the risk of data breaches: detection, protection, management, response and recovery. . The basis of all cyber security defence programmes is threat detection.

Risk 101

Risk Security Data breaches Phishing 101

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. based CyberGRX.

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Security Risk Digital transformation Insurance 266

Krebs on Security

JUNE 15, 2023

The directive comes amid a surge in attacks targeting previously unknown vulnerabilities in widely used security and networking appliances. Barracuda was alerted to the exploitation of a zero-day in its products in mid-May, and two days later the company pushed a security update to address the flaw in all affected devices.

Risk 210

Risk Ransomware Cybersecurity Access 210

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

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. Physical Damage Physical damage poses a major threat to your documents.

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Paper Archiving Encryption Cloud 52

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

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.

Unstructured data 71

Unstructured data Government Risk Metadata 71

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. Notify the security team Once you’ve disconnected the affected systems, notify your IT security team of the attack. The post How to handle a ransomware attack appeared first on IBM Blog.

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Ransomware Encryption Analytics Data breaches 105

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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Ransomware Encryption Insurance Access 145

IT Governance

SEPTEMBER 27, 2022

In some circles, cyber security is synonymous with threat protection. That’s certainly true, but there’s a lot more to cyber security than protecting assets. The measures you implement should be part of a cohesive strategy that helps organisations prepare for and respond to security threats.

Data breaches 104

Data breaches Government Insurance Risk 104

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 60

Risk Artificial Intelligence Agriculture Financial Services 60

eSecurity Planet

SEPTEMBER 21, 2024

Let’s explore what to expect from the upcoming regulations, provide insights into critical federal and state laws, and offer practical compliance and risk management strategies. These laws aim to establish standards for securing data, ensuring privacy, and mitigating risks associated with digital information.

Cybersecurity 120

Cybersecurity Computer and Electronics Compliance Privacy 120

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.

Risk 60

Risk Information Security Communications Security 60

Hunton Privacy

OCTOBER 14, 2019

Recent headlines underscore the security challenges faced by public-facing businesses. EST, for a webinar to discuss these issues, including why companies should consider SAFETY Act protection and how to obtain it. Join us on October 28, 2019, at 12:00 p.m. Bruce Cohen, SVP, Client Executive, Lockton Companies.

Insurance 49

Insurance Security Retail Risk 49

The Last Watchdog

SEPTEMBER 24, 2024

The stolen information included full names, Social Security numbers, mailing addresses, phone numbers, and email addresses of millions of U.S., Investigations are ongoing, and several class-action lawsuits have been filed, alleging that the company failed to implement sufficient security measures. Canadian, and British citizens.

Authentication 215

Authentication IT ROT Compliance 215

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.

Insurance 59

Insurance Cloud Data science Analytics 59

The Last Watchdog

APRIL 30, 2019

I had the chance at RSA 2019 to visit with George Wrenn, founder and CEO of CyberSaint Security , a cybersecurity software firm that plays directly in this space. This includes not just the NIST CSF, but also the newly minted NIST Risk Management Framework 2.0, That could be for insurance purposes. “As Wrenn said. “So

Cybersecurity 173

Cybersecurity Insurance Security Privacy 173

IT Governance

MARCH 20, 2024

In the UK, cyber security has been dropping down the board’s list of priorities. A 2022 Proofpoint study found that 76% of UK board members believed their organisation to be at risk of a material cyber attack in the next 12 months – higher than the global average of 65%. Specifically, a 13.4% drop for charities (from 72% to 62%).

Security 101

Security Data breaches Government Insurance 101

IT Governance

DECEMBER 14, 2021

With organisations’ cyber security requirements becoming more complex and the threat of cyber attacks growing each year, many decision-makers are turning towards cyber security as a service. This approach, also known as managed cyber security, works by outsourcing cyber security to a third party. You’ll save money.

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Security Insurance Data breaches Information Security 128

The Last Watchdog

AUGUST 22, 2019

A core security challenge confronts just about every company today. While the benefits of DX are highly-touted , this shift has also spawned a whole new tier of unprecedented privacy and security challenges. The cloud is kind of dragging this movement along and DevOps and security are center stage, at the moment.”

Digital transformation 147

Digital transformation Compliance Risk Security 147

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.

Risk 130

Risk Compliance Marketing Cybersecurity 130

eSecurity Planet

DECEMBER 9, 2021

We make IT, security, or any business decision by weighing the risks and the rewards. Or as is often the case with security, what costs can we skip and still escape big penalties later? Dealing with an incident is a matter of “when and how bad,” not “if.” Be in-line with insurance policies. Yet, it can get worse.

Insurance 125

Insurance Ransomware Data breaches Cloud 125

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. CISOs can sometimes be their own worst enemy, especially when it comes to communicating with the board of directors.

Compliance 210

Compliance Cybersecurity Risk Mining 210

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?

Risk 55

Risk Information Security Insurance Security 55

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.

Insurance 46

Insurance Risk Security 46

eSecurity Planet

AUGUST 4, 2023

Even a robust IT or security department will find certain tasks or projects beyond their capabilities. But ignoring issues that you lack the time or expertise for can risk operational failure or security incidents. Yet IT and security vendors will provide their services according to the specifics of the contract.

IT 98

IT Compliance Cybersecurity Communications 98

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

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 Is the email enticing you to click on a link?'

Phishing 89

Phishing Security awareness Insurance Cybersecurity 89

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.

Insurance 53

Insurance Cybersecurity Data breaches Retail 53

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

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.

Insurance 45

Insurance Risk Data breaches Education 45

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.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

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?

Insurance 64

Insurance Risk Marketing Cybersecurity 64