Remove Cyber Insurance Remove Information Security Remove Technology
article thumbnail

Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

article thumbnail

Cyber Insurers Are Not Your Friend – Why a Warranty May Be a Better Option

Security Boulevard

Gary Perkins, Chief Information Security Officer In this landscape, organizations need a multi-faceted approach that includes prevention, detection, and response capabilities. A warranty tied to a comprehensive security solution supports this approach, providing both technological protection and financial assurance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

As market for cyber insurance booms, watchdog calls for better data

SC Magazine

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

article thumbnail

How Information Security Breaks The Classic IT Model

Security Boulevard

How Information Security Breaks The Classic IT Model. That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. Technology Producers and Corporate Consumers. In simple terms, we define the business group as the “consumer” of the technology and IT as the “producer.”

article thumbnail

LW ROUNDTABLE: Compliance pressures intensify as new cybersecurity standards take hold

The Last Watchdog

To mitigate risks, businesses will invest in modern, privacy-enhancing technologies (PETs), such as trusted execution environments (TEEs) and fully homomorphic encryption (FHE). CISA updated its Secure by Design guidance, and the EUs Cyber Resilience Act and NIS2 added new requirements.

article thumbnail

How the ransomware explosion is reshaping the cyber insurance market

SC Magazine

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. The post How the ransomware explosion is reshaping the cyber insurance market appeared first on SC Media.

article thumbnail

Packaging giant WestRock is still working to resume after recent Ransomware Attack

Security Affairs

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. WestRock did not share details about the security incident, it only confirmed that its staff discovered the attack on January 23.