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Brokers are failing on cyber insurance - report

09/05/2017 15:03

Brokers are failing their clients in what has become one of the hottest areas of insurance – at least if a new report is to be believed. According to research from CFC Underwriting, over half of UK-based SMEs state that their insurance broker has not even raised the issue of cyber insurance with...

Swiss Re Sigma Report "Cyber: getting to grips with a complex risk"

30/04/2017 09:11

Cyber threats are evolving rapidly due to the growing digital transformation of society, the widespread use of internet-enabled devices and processes, and the changing profile of hackers. Recent high-profile cyber attacks demonstrate that the extent of associated possible losses is also broadening,...

Cybersecurity in financial institutions 2016 — and what 2017 holds

22/04/2017 20:23

We are digital natives, and with each passing day we put more of our lives online. We no longer stand and wait in lines; we connect to the Web for instant gratification. Convenient? You bet, but the move to the digital realm has also made us all targets for cyber criminals. As society operates more...

Cyber Insurance Becomes a Must for More Manufacturers

20/04/2017 06:22

Factories are increasingly computerized and digitally integrated with other parts of a company, so keeping those networks secure is critical Abbott Laboratories ABT 0.37% was pilloried last week by regulators for, in part, botching its response to a report that...

2,224 data security breaches reported in 2016, says Data Protection Commissioner

13/04/2017 09:20

Reports of data breaches to see exponential rise once mandatory reporting rules under GDPR come into force, warns DPC Helen Dixon. Ireland’s Data Protection Commissioner (DPC), Helen Dixon, has reported that the number of complaints over data privacy has increased from 932 in 2015 to 1,479 in...

GDPR: The Article 29 Working Party Issues Final Guidelines on Data Protection Officers ("DPO")

12/04/2017 09:26

At its plenary session on 5 April, the Article 29 Working Party ("WP29") approved revised guidance interpreting elements of the General Data Protection Regulation ("GDPR"), including on the appointment of data protection officers. The revisions to the draft guidance, which was initially released...

Ransomware: Top 3 myths debunked

11/04/2017 07:45

Here are the top three myths that are costing organisations thousands they can’t afford. On 14th March, the National Crime Agency and National Cyber Security Centre sounded the alarm about the growing cyber threat. One of their conclusions was that ransomware represents a significant, and...

A Breakdown of the Second Largest HIPAA Fine to Date – $5.5 Million

11/04/2017 07:23

For the first time, the Office of Civil Rights (“OCR”) penalized a covered entity for failure to implement audit procedures to review, modify, and/or terminate users’ right of access. In the scope of the investigation, it was discovered that more than 100,000 individuals had their...

GDPR will result in significant increase in litigation - PWC

02/04/2017 09:42

The new General Data Protection Regulation (GDPR) which comes into force in May 2018 could result in a significant increase in the volume of litigation class action suits taken by EU citizens against companies and organisations who do not adhere to the letter of the new law, according to Pat...

Data Breach Digest: Planning for a data breach in a post-GDPR world by Michael Bruemmer

02/04/2017 09:39

Since the European Union General Data Protection Regulation (GDPR) was announced in April 2016, with full adoption taking place on May 25, 2018, security and privacy experts have not stopped analyzing what the new regulations mean for companies across the globe. And while numerous industry leaders...

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