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Regulatory compliance and dataprivacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style dataprivacy laws came to the U.S. Location Matters.
As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. To keep up, organizations must stay ahead of these developments.
The insurance industry is experiencing a significant transformation fuelled by the ubiquity of digital technologies. As these solutions gain traction in this sector, they add complexity to a regulatory landscape that insurance firms need to navigate, especially when it comes to Customer Identity and Access Management (CIAM).
Cyberattacks are not only a technological problem for companies, but they also represent a very real financial threat. That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 Cyber Insurance is Booming. million and climbing.
Related: Hackers direct botnets to manipulate business logic Thompson is accused of pilfering sensitive data for 100 million US and 6 million Canadian bank patrons. It could be FTC first, then European GDPR and Canadian PIPEDA, then upcoming California Consumer Privacy Act, and many other privacy regulations worldwide.
Whilst GDPR has put the spotlight on dataprivacy and cyber issues, there are other more prominent trends that are driving a greater take-up of cyber insurance, says Ben Maidment, Class Underwriter - Cyber, Physical & Technology at Brit Insurance.
With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain. Hackers with access to quantum technology could potentially break existing cryptographic protocols, necessitating the development of quantum-resistant encryption.
Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.
Insurance, a study in Stagnation The insurance industry remained stagnant in consumer trust, securing only 24% confidence in 2025unchanged from 2024. While insurers benefit from regulatory oversight like the banking sector, persistent friction points like opaque claims processes and intrusive data collection eroded goodwill.
Cross-Border DataPrivacy and Security Concerns in the Dawn of Quantum Computing. New EU restrictions could force companies to change data transfer practices and adopt more advanced data encryption methods. In recent years, costly breaches and evolving data security concerns have bubbled up to a board level agenda item.
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 technologies existing in 2018 will undoubtedly differ from those that exist in 2020. Equifax was not special in this regard.
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. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be.
And industries like healthcare face persistent targeting due to their outdated systems and high-value data. To mitigate risks, businesses will invest in modern, privacy-enhancing technologies (PETs), such as trusted execution environments (TEEs) and fully homomorphic encryption (FHE).
As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of dataprivacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected.
Prior to launching CyberSaint, Wrenn was CSO of Schneider Electric, a supplier of technologies used in industrial control systems. The CSF’s core principles have been incorporated into Europe’s GDPR , NYDFS’s cybersecurity requirement s, California’s Consumer Privacy Act and Ohio’s Data Protection Act. Wrenn said. “So
The integration of Governance, Risk, and Compliance (GRC) strategies with emerging technologies like Artificial Intelligence and the Internet of Things are reshaping the corporate risk landscape. In recent years, these programs have become even more effective thanks to technology such as artificial intelligence.
Understanding DataPrivacy: Keeping Your Data Secure IdentityIQ With the rise of online platforms, social media, and e-commerce, personal information has become more vulnerable to mishandling and exploitation. Dataprivacy is the cornerstone of helping protect your personal information from unauthorized access or exposure.
As the National Law Review puts it ‘2021 was a blink-and-you-will-miss conveyor belt of activities’ regarding privacy and data protection law related legal developments, including the issuance of new dataprivacy standards that explores how organizations establish, implement, maintain and continually improve their dataprivacy management systems.
26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million, up 15% in three years.
The 4 Biggest Risks of Non-Compliance With DataPrivacy Regulations. Not complying with dataprivacy laws can jeopardize an organization’s cybersecurity, finances, reputation, and more. 9, 2022, an important dataprivacy compliance deadline will pass for organizations that process U.S. jasonaxelrod.
Byron: I was initially drawn to cybersecurity as a USA TODAY technology reporter assigned to cover Microsoft. Erin: What cybersecurity technologies are you most excited about right now? How can individuals and organizations detect and protect themselves against the misuse of deep fake technology? Erin: So, let’s get started.
Health Insurance Portability and Accountability Act (HIPAA). The Health Information Technology for Economic and Clinical Health Act (HITECH). Massachusetts 201 CMR 17 (aka Mass Data Protection Law). Nevada Personal Information DataPrivacy Encryption Law NRS 603A. North American Electric Reliability Corp.
And get the latest on ransomware trends; CIS Benchmarks; and dataprivacy. Plus, the EUs DORA cyber rules for banks go into effect. Meanwhile, a report warns about overprivileged cloud accounts. Dive into six things that are top of mind for the week ending Jan.
The good news is that an innovative technology promises to transform identity validation is capturing the attention of government and other sectors. Once the data is initially validated, it can be trusted by every agency, every time. They decide which data to release to which agencies and can revoke access at any time.
In an interview with eSecurity Planet , Daryl Crockett, CEO of data management company ValidDatum, said the case has the potential to be a game-changer regarding corporate responsibility for the impact of ransomware. ” Cyber Insurance No Longer Reliable.
Cybersecurity measures, including robust encryption, secure authentication protocols, and regular security audits, can, of course, be utilized as part of a formidable defense against unauthorized access – but no security technologies should be deployed ad-hoc; security must be well planned and implemented carefully.
Organizations around the world must fulfill an increasing number of regulatory requirements including NIST, Sarbanes-Oxley Act (SOX), Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI-DSS) and General Data Protection Regulation (GDPR) as well as federal and state data breach laws.
The growing number of dataprivacy regulations has raised the potential consequences of cybersecurity breaches, spurring demand for GRC (governance, risk, and compliance) software. In the case of Lemonade – an online insurance company – it spent over 200 hours on the process. Lawyers have already filed a class action lawsuit.
Cybersecurity measures, including robust encryption, secure authentication protocols, and regular security audits, can, of course, be utilized as part of a formidable defense against unauthorized access – but no security technologies should be deployed ad-hoc; security must be well planned and implemented carefully.
The Clop ransomware group has stolen stole personal and health information of 489,830 individuals as a result of a ransomware attack on the technology firm Intellihartx. Intellihartx is notifying about 490,000 individuals that their personal information was compromised in the GoAnywhere zero-day attack in January.
"Threat hunters are using AI to identify unusual patterns and summarize large amounts of data, connecting the dots across multiple sources of information and hidden patterns. The work still requires human experts, but Ahlberg says the generative AI technology we're seeing in projects like ChatGPT can help." against and 6.7%
The Register noted that AWS’ move follows Microsoft and Google’s adoption of the technology. Data protection and privacy newsround: AI Act’s reach and very personal data Good news – maybe? – for anyone who’s been working in dataprivacy roles since 2018: you ain’t seen nothing yet.
Some impact specific countries while others focus on individual industries, but each regulation being enforced is an indication that companies must be more accountable when it comes to how they manage dataprivacy and people’s data or they risk having to pay large fines. Encryption is key when it comes to protecting data.
Identity is as diverse as the technology involved and the people who shape it,” writes Danny de Vreeze, Thales VP of IAM, in his Word of Welcome. It follows us from birth, weaving through every milestone and daily activity—from earning a degree and joining the workforce to booking travel or filing an insurance claim. Why IAM 360?
Data security and privacy provisions are all but commonplace at this point, but organizations need to be mindful that most contracts are not by default uniformly drafted. Defining terms like "data," "personal data," "data law," "data subject," "security incident," and "security technical controls" is critical.
We are subject to numerous laws and regulations designed to protect this information, such as the European Union’s General Data Protection Regulation (“GDPR”), the United Kingdom’s GDPR, the California Consumer Privacy Act (and its successor the California Privacy Rights Act that will go into effect on January 1, 2023), as well as various other U.S.
Insurance, a study in Stagnation The insurance industry remained stagnant in consumer trust, securing only 24% confidence in 2025unchanged from 2024. While insurers benefit from regulatory oversight like the banking sector, persistent friction points like opaque claims processes and intrusive data collection eroded goodwill.
Enterprise businesses must implement the right technologies and procedures to build trust and protect their data. What Is PKI: Purpose, Components, and Key Concepts PKI is a set of policies, procedures, and technologies for creating, distributing, storing, and revoking digital certificates. Here's what PKI is and how it works.
Companies are fundamentally reshaping their businesses and taking advantage of digital technologies like cloud, mobile, social media, and the Internet of Things to transform the experience their customers receive, create innovative new business models, and find ways to realize new efficiencies and reduce their operating costs.
In another case, a device management tool was deployed in a hospital and used the WiFi network to insuredataprivacy, as it provisioned connected devices. Mukerji and fellow co-founder Jesse Rothstein, ExtraHop’s chief technology officer, were colleagues at Seattle-based network switching systems supplier F5 Networks.
Apodis Pharma is a company that offers a digital supply chain management platform and other software solutions created for pharmacies, healthcare institutions, pharmaceutical laboratories, and health insurance companies. He writes about cybersecurity, privacy, and the impact of technology on the daily lives of consumers.
Confidential computing is a technology and technique that encrypts and stores an organization’s most sensitive data in a secure portion of a computer’s processor — known as the Trusted Execution Environment (TEE) — while it’s processed and in use. How Does Confidential Computing Work?
Faulkner was joined by Sarah Buerger, BISO, The Kraft Heinz Company; Mike Zachman, VP & CSO, Zebra Technologies; and Lynn Dohm, Executive Director, Women in CyberSecurity (WiCyS), who artfully moderated the panel discussion.
As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. To keep up, organizations must stay ahead of these developments.
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