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Global cyber attack latest: What we know so far as huge cyber attack spreads across world

28/06/2017 04:14

A GLOBAL cyber attack has spread across the world, hitting computer systems everywhere from the UK and Russia to America and the Ukraine. Here is what we know so far. British, Russian and Dutch firms are among the companies being held to ransom as the massive computer meltdown...

Cyber insurance take-up surges by 35%

24/06/2017 09:21

A new Fitch Ratings report states that cyber insurance’s direct written volume for the property/casualty (P/C) industry grew by 35% last year to $1.35 billion (£1.06 billion). Fitch states that the $1.35 billion figure has likely underestimated the industry’s cyber premium exposure as there are...

Countdown to the EU General Data Protection Regulation: Are You Ready?

23/06/2017 11:44

With less than one year until the May 25, 2018 deadline for compliance with the EU General Data Protection Regulation (Regulation (EU) 2016/679) (the "GDPR"), affected companies should already be preparing. The GDPR was passed into EU law in 2016 to increase data privacy protections for EU...

Fifth of firms hit by online ransom demands

23/06/2017 11:42

A fifth of Irish businesses have been the target of online ransom demands in the past year while more than half of top IT professionals don’t believe their firms understand their own security systems, according to a survey by a leading cybersecurity firm. The survey, carried out by information...

Morrisons supermarket chain fined for flouting customers’ marketing wishes

17/06/2017 08:42

A national supermarket chain has been fined for breaking the law on how people’s personal information should be treated when sending marketing emails. An investigation by the Information Commissioner’s Office (ICO) found WM Morrison Supermarkets PLC (“Morrisons”) deliberately sent...

New European rules will sting unprepared small firms the hardest

17/06/2017 08:39

You'd know the General Data Protection Regulation is less than a year off. With Europe's big regulatory stick getting closer and closer, big companies are really starting to get into gear. Nowhere is this more evident than Facebook, which has become a lightning rod in the EU for data...

Survey: 61 percent of companies have not started GDPR implementation

08/06/2017 09:44

Is your company getting ready for the General Data Protection Regulation? If so, it might be in the minority. That's because, according to research conducted by TrustArc, the answer is likely no. In their survey, “Privacy and the EU GDPR,” TrustArc, formerly known as TRUSTe, polled 204 privacy...

More businesses hit by data breaches: Beazley

08/06/2017 09:39

For the first quarter of 2017, global insurance underwriter Beazley reported that there has been a significant increase in the number of data breach incidents. The company’s Beazley Breach Response Service division posted that it had managed 39% more data breach incidents (a total of 641 cases) in...

Power Lunch: Prepare for the Next Cyber Attack

05/06/2017 07:49

Food and beverage processors should harden their manufacturing systems to prevent ransomware and other threats and check their insurance policies to see such crimes are covered. We're unaware if last month's WannaCry ransomware affected any food or beverage companies. But WannaCry wannabes and...

You Can Now Get Insurance For Your Money Against Growing Ransomware Threats. Here's How.

05/06/2017 07:45

Reforms such as demonetisation and introduction of a singular indirect tax called Goods and Service Tax have pole-vaulted digitisation of the financial economy in India, which has the second largest Internet user base in the world exceeding 355 million, as per the latest Mary Meeker Global Internet...

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