This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
When security fails, cyberinsurance 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.
Gary Perkins, Chief InformationSecurity 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.
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 informationsecurity officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).
How InformationSecurity Breaks The Classic IT Model. That $3.29, even with cyberinsurance, 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.”
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.
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 cyberinsurance market appeared first on SC Media.
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.
The 2023 Data Security Incident Response Report was compiled after gathering responses from more than 1,100 cybersecurity professionals, and it suggests that businesses’ tolerance levels have declined. Now the big question: Is there any benefit in filing a lawsuit against the technology service provider for a data breach?
Here is Carnival Corporation's ransomware and cyber incident statement, in full: On August 15, 2020, Carnival Corporation and Carnival plc (together, the "Company," "we," "us," or "our") detected a ransomware attack that accessed and encrypted a portion of one brand’s informationtechnology systems. And if so, how much?
26 key cybersecurity stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Cyber Skills Gap: By 2025, there could be 3.5
. “Cybersecurity is, for many people around the world, still not a clear, tangible concept,” said Patryk Brozek, CEO and co-founder of Fudo Security. The relationship between enterprises and insurers, like the cyberinsurance market itself, is evolving. These organizations found a shortcut, cyberinsurance.
Is it fair to judge an organization’s informationsecurity posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? the security posture of vendor partners). How useful is such a score?
Kip Boyle is the virtual Chief InformationSecurity Officer (vCISO) for several companies. He helps senior decision makers overcome cybersecurity sales objections and manages unlimited cyber risks through rigorous prioritization. Kip will present a session on "CyberInsurance for IT Professionals. "
A panel of practitioner experts breaks it all down in our recent Remote Sessions webcast, "Countdown to CPRA: What InformationSecurity Professionals Need to Know Now," now available on-demand. Cyberinsurance (critical). Deploy technologies and tools that help you scale data management in a manageable way.
I’m starting a new series with this 2022 edition where I think about what InformationSecurity could or should look like in the distant future—say in 2050. The ideas will cover multiple aspects of InfoSec, from organizational structure to technology. Technology. Technology. Org Structure. Regulation.
In some cases, attackers are even leveraging the threat of regulatory actions or causing cyberinsurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers.
are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health InformationTechnology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). Security, Privacy and Compliance Can Conflict.
Responses covered a variety of emerging threats and evolving trends affecting securitytechnologies, leadership and regulation. Some were unexpected, and many were predictable, but all are important to consider when making plans for security in 2023.". Here is a look at the year ahead.".
In reality, the tenderer should be asking every bidder questions such as: Is it certified to an independent security standard like ISO 27001 ? Does it carry out regular security audits or checks (ideally by a separate third party)? Are there policies and procedures in place to ensure good governance of informationsecurity?
by Great American, a powerful cyber risk management platform that combines the National Institute of Standards and Technology (NIST) driven, inside-out review of an organization’s cybersecurity posture with insights from continuous, external vulnerability scans and best-in-class cybersecurity ratings from SecurityScorecard.
Coats is a member of the Cybersecurity Collaborative , a chief informationsecurity officer membership organization owned by SC Media parent company CyberRisk Alliance. I do believe wholeheartedly that companies are waking up to recognize that cyber is a business driver and a business risk, and ransomware is [a] cost of doing business.
Beyond the expected, we must also keep watch for the unpleasant surprises that can severely disrupt the security, trust, and capabilities of our digital world. We may see a small but growing number of highly specific Operational Technology (OT) system vulnerabilities abused by attackers. In 2024: 1.
National Institute of Standards and Technology (NIST) released the Initial Public Draft of its Cybersecurity Framework (CSF) version 2.0. For a solid rundown of what the updates mean, check out this SecureWorld article from Kip Boyle , vCISO, Cyber Risk Opportunities LLC. On August 8, 2023, the U.S. 19, Detroit on Sept.
“ReliaQuest is providing more coverage, which lets us focus less on constantly testing and validating to see if our service provider is doing their job and just trusting the process and working with what they find,” said the Chief InformationSecurity Officer in retail participating in this study. Easier onboarding of new tools.
Ask your cyber exec to explain the threats facing the organisation. Few chief informationsecurity officers (CISOs) have a close relationship with the board in their organisations?—?many Boards can learn a lot from how security and technology leaders work together, but the best way to do this is to consult both of them.
While HIPAA mandates the protection of electronic health information (ePHI) through administrative, physical, and technical safeguards, it doesnt go into the weeds of specific cybersecurity practices. Specific attention is given to email-based threats, which are responsible for a growing number of security incidents in healthcare.
Informationsecurity products , services, and professionals have never been in higher demand, making for a world of opportunities for cybersecurity startups. Jump to our section on investor considerations and cybersecurity startup trends for more information. Cowbell Cyber. SECURITI.ai.
And the cyberinsurance market keeps growing. Fitch Ratings estimates annual cyber risk premiums are between $8-10 billion today. Cast your mind back to December of last year: for anyone working in informationsecurity, the discovery of the Log4J flaw affected Apache’s Log4J library in hundreds of millions of devices.
General supply chain security is also a concern among the European Union. They’re working to update their Directive on Network and InformationSecurity Recommendations (NIS 2) recommendations, with a focus on improving essential organization’s cyber resiliency. How Do These Directives Make an Impact Short-term?
We organize all of the trending information in your field so you don't have to. Join 28,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content