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Leverage cyberinsurance to mitigate financial risks associated with supply chain attacks. Address the talent shortage with focused initiatives Expand government incentives for cybersecurity education and mid-career training. Encourage organizations to offer apprenticeships and upskilling programs.
The ideas will cover multiple aspects of InfoSec, from organizational structure to technology. At the highest level, I think the big change to InfoSec will be a loss of magic compared to now. HT to Jeremiah Grossman to also being very early to seeing the role of insurance in InfoSec. Org Structure. Technology. Regulation.
AIG is one of the top cyberinsurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware.
Cyberinsurance (critical). I think the real problem here, the big challenge for businesses, is going to be around data governance," Moran says. Enterprise endpoint protection and remediation (anti-malware, anti-virus software). Endpoint encryption for all laptops. Intrusion detection and response.
Cyberinsurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyberinsurance has gained prominence across the industry. The cyberinsurance market is expected to reach around $20B by 2025. million.
But when it comes to cybersecurity coverage, the relationship between enterprises and insurers has been rocky and uncertain. And in a few high-profile cases, insurance companies have bailed. The relationship between enterprises and insurers, like the cyberinsurance market itself, is evolving. A maturing model.
These were companies spanning all sorts of different industries; big tech, general infosec, antivirus, hosting, finance, e-commerce, cyberinsurance - I could go on. The point is the net was cast very wide. In doing so, I stopped for the first time since April 2019 and reflected on how much had happened during the process.
The city has a more established IT setup, including a full-time IT director, which many of the smaller towns lack, according to this Government Technology article. Municipal governments must share data with counties, state agencies, and even some federal systems. This is a great approach. He says: "I love this idea!
See the Top Governance, Risk and Compliance (GRC) Tools. Other industry standards too can have the force of “pseudo-law” – notably, the NIST Cybersecurity Framework, which federal regulators often apply to financial-services firms and government contractors. But those aren’t the only laws or regulations that affect IT security teams.
What's important now is for executive leadership to have that same sense of urgency as infosec leaders. With proper access governance and application security controls, the potential risks for cyber breach or data loss is significantly reduced.
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