IT Governance

MAY 24, 2022

Organisations must always look for cost-effective ways to address the cyber security risks they face. With more than 1,200 publicly disclosed data breaches last year , and organisations spending almost £3 million on average responding to security incidents , effective risk management is a top priority. The benefits of cyber insurance.

Insurance 136

Insurance Data breaches GDPR Ransomware 136

Security Affairs

AUGUST 25, 2021

The group focuses on organizations in the insurance, retail, technology, and chemical industries in the U.S., Tune the e-mail security solution to automatically discard malicious or suspicious attachments. Integrate threat intelligence into existing SIEM or security controls for relevant Indicators of Compromise.

Retail 341

Retail Insurance Cybersecurity Phishing 341

IT Governance

OCTOBER 15, 2020

Cyber threats are so numerous that it’s impossible to prevent security incidents altogether. 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?

Insurance 122

Insurance Data breaches Risk Security 122

The Last Watchdog

JUNE 9, 2022

And, let’s be honest , the deceptive writing phishing assaults and other cyber threats today employ are skilled enough to fool even the most trained, internet-savvy experts. A criminal exploiting someone’s medical or insurance details to make fraudulent claims is known as medical identity theft. Ever present threats.

Privacy 274

Privacy Security Phishing Insurance 274

Security Affairs

OCTOBER 30, 2023

62% of hackers plan to train their AI to specialize in the OWASP Top 10 for Large Language Models. HackerOne customers praised the results of the bug bounty programs, 70% of them stated that the bug bounty programs helped them to increase their cyber security and avoid a significant cyber incident.

Blockchain 343

Blockchain Risk Insurance Security 343

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. That’s a 29.1%

Insurance 121

Insurance Ransomware Cybersecurity Marketing 121

Security Affairs

NOVEMBER 14, 2022

During the past few weeks, I had the pleasure of running a presentation on how to deal with the risk of ransomware cyberattacks on corporations for the benefit of members of the “ In the Boardroom ” training course dedicated to professionals who are or aspire to become board members of publicly traded companies.

Insurance 357

Insurance Risk Ransomware Encryption 357

KnowBe4

OCTOBER 9, 2023

As insurers become more educated on what a “secure organization” looks like, they are tightening their requirements that puts the onus on organizations to be more secure.

Insurance 124

Insurance Education Security Security awareness 124

The Last Watchdog

OCTOBER 29, 2018

The headlines immediately attempted to lay the blame, in large part, on the fact that Equifax’s chief information security officer was a music major and did not have a background in technology. The FTC considers that ‘reasonable security’ doesn’t mean ‘perfect security.’ Even the best security program is not bulletproof.

Security 164

Security Data Privacy Privacy Data breaches 164

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 96

Insurance Digital transformation Customer Experience Cloud 96

Security Affairs

APRIL 28, 2022

The criminal group had been mailing malware-ridden USBs to various entities in the transport, insurance, and defense industries under the guise that they originated from a trusted source, such as Amazon and the US Department of Health and Human Services. What you see is not what you get.

Cybersecurity 246

Cybersecurity Access Insurance Security 246

Security Affairs

JANUARY 7, 2020

Exposed data include names, addresses, dates of birth, medical record numbers, health insurance information and diagnosis and treatment details information. Attackers also accessed Social Security numbers and driver’s license numbers for some patients. . Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->.

Insurance 227

Insurance Access Security IT 227

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 116

Insurance Risk Security Security awareness 116

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.

Security 131

Security Insurance Data breaches Information Security 131

KnowBe4

NOVEMBER 17, 2022

The latest data shows that historically massive rate increases seen over the last few years are beginning to come down, primarily due to insurers having a solid understanding of the risk.

Insurance 104

Insurance Risk Security awareness Security 104

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

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

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. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Risk 189

Risk Insurance Energy and Utilities Marketing 189

The Last Watchdog

DECEMBER 18, 2024

From the push for quantum-resilient cryptography to Software Bill of Material (SBOM ) requirements aimed at bolstering supply chain security, this installment examines the regulatory changes and evolving technical standards poised to reshape compliance expectations. EU AI Act) demand proactive adaptation.

Compliance 130

Compliance Cybersecurity Risk Privacy 130

Security Affairs

AUGUST 16, 2023

Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” “Email lures came in the form of updating account security surrounding 2FA, MFA, and general account security. ” continues the report.

Phishing 246

Phishing Energy and Utilities Insurance Manufacturing 246

KnowBe4

MAY 22, 2023

Food for thought as discussed on May 18, 2023, an article posted in The Australian Insurance Council: Banning paying a ransom to cyber hackers is counter-productive where Andrew Hall, the Chief Executive of the Insurance Council of Australia (ICA), stated that “attempts to ban businesses from paying ransoms for cyber attacks risks eroding trust and (..)

Insurance 98

Insurance Risk Government Security awareness 98

Hunton Privacy

JANUARY 2, 2019

New cybersecurity rules for insurance companies licensed in South Carolina are set to take effect in part on January 1, 2019. The new law is the first in the United States to be enacted based on the data security model law drafted by the National Association of Insurance Commissioners.

Insurance 77

Insurance Cybersecurity Data breaches Encryption 77

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 81

Insurance Data breaches Risk Information Security 81

KnowBe4

DECEMBER 30, 2022

Analysis of the year’s breaches shows Finance and Insurance businesses are the most targeted and have lost a material count of records as a result.

Insurance 111

Insurance Data breaches Security awareness Security 111

IT Governance

JUNE 15, 2022

In an increasingly digital world, there are an escalating number of cyber security risks for business to address. IT Governance identified more than 1,200 publicly disclosed data breaches in 2021 , while another report found that security incidents cost almost £3 million on average. Poor patch management. Weak passwords.

Risk 144

Risk Security Passwords Phishing 144

IT Governance

SEPTEMBER 15, 2021

A UK government report published last year found that 48% of organisations lacked the expertise to complete routine cyber security practices. The report also found that 30% of organisations had skills gaps in more advanced areas, such as penetration testing, forensic analysis and security architecture.

Security 122

Security Insurance Education Government 122

IT Governance

SEPTEMBER 1, 2021

Cyber security is becoming an expensive endeavour for organisations – and in many cases, the costs are so high that they can’t deal with threats appropriately. However, it’s one thing to want to invest in cyber security, but something else entirely to set aside the budget to do so. What is cyber security as a service?

Security 124

Security GDPR Cloud Insurance 124

eSecurity Planet

APRIL 26, 2024

Network security architecture is a strategy that provides formal processes to design robust and secure networks. Effective implementation improves data throughput, system reliability, and overall security for any organization. Network Elements Networks connect physical and virtual assets and control the data flow between them.

Security 121

Security Cloud Cybersecurity Access 121

eSecurity Planet

OCTOBER 18, 2022

The vast majority of cybersecurity decision makers – 91 percent, in fact – find it difficult to select security products due to unclear marketing, according to the results of a survey of 800 cybersecurity and IT decision makers released today by email security company Egress. Assessing AI and Security Training.

Security 124

Security IT Cybersecurity Marketing 124

IT Governance

JUNE 9, 2022

Organisations that are looking to bolster their information security practices are often advised to certify to Cyber Essentials – and for good reason. Secure configuration , which helps administrators select appropriate settings for devices and software. When implemented correctly, these controls can prevent about 80% of cyber attacks.

Security 119

Security Insurance Information Security Data breaches 119

KnowBe4

JUNE 23, 2022

Lawsuits over denied cyber insurance claims provide insight into what you should and shouldn’t expect from your policy – and that actions by your own users may make the difference.

Insurance 105

Insurance Authentication Security awareness Security 105

Security Affairs

SEPTEMBER 15, 2022

Below is the list of mitigations recommended by the FBI: Ensure anti-virus and anti-malware is enabled and security protocols are updated regularly and in a timely manner. Conduct regular network security assessments to stay up to date on compliance standards and regulations. Mitigate vulnerabilities related to third-party vendors.

Passwords 246

Passwords Phishing Authentication Communications 246

IBM Big Data Hub

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Usage risk—inaccuracy The performance of an AI system heavily depends on the data from which it learns.

Insurance 68

Insurance Risk Artificial Intelligence Government 68

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

The Last Watchdog

OCTOBER 5, 2023

Byron is the founder and editor-in-chief of The Last Watchdog on Privacy & Security. Regular training and simulations can help reduce risks associated with human errors. Regular training and simulations can help reduce risks associated with human errors. Regular awareness training for employees is indispensable.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

IT Governance

MARCH 20, 2024

In the UK, cyber security has been dropping down the board’s list of priorities. The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. Fewer directors, trustees and other senior managers of both UK businesses and charities see cyber security as a high priority in 2023 compared to 2022. Specifically, a 13.4%

Security 113

Security Data breaches Government Insurance 113

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. The Framework.

Insurance 78

Insurance Financial Services Cybersecurity Risk 78