Article archive :: PrivacyRisksAdvisors.com

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...

Cyber-risk tops insurance leaders’ concerns

02/06/2017 09:18

Causing anxiety: insurance practitioners and industry observers in Bermuda have identified Cyber-risk as the top concern for the next two or three years Cyber-risk is the top concern for Bermuda’s insurance market, followed by increasing regulation and political interference, according to a...

OECD Report : Supporting an Effective Cyber Insurance Market

29/05/2017 10:51

The increasing use of and dependence on information technology in economic activities - while creating significant benefits in terms of productivity and efficiency - is also leading to significant risks. Among them are "digital security risks" which, when they materialise, can disrupt the...

Cyber insurance market slow to develop: Allianz executive

27/05/2017 08:15

The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz's board said in an interview. The European market for cyber insurance currently has a premium volume of around 200 million euros ($224 million), Axel Theis, Allianz board member...

Cyber insurance policies expected to become more similar in next few years: CIFF speaker

27/05/2017 07:46

A lot more convergence in cyber insurance policies is expected within the next few years as policies, exclusions and wording get tested and case law develops, John Elb suggested Wednesday during a panel discussion at MSA Research Inc.’s Canadian Insurance Financial Forum (CIFF) in downtown...

Dealing with cyber breaches in the supply chain

24/05/2017 11:42

Given that many multinational corporations have a presence in both developed and emerging markets, it is imperative that they have a robust and well maintained supply chain management structure in place. Though supply chains can be hugely beneficial to organisations, they are also a...

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