Article archive

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 The revisions to the draft guidance, which was initially released...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...

The Impact of Bank Data Breaches on Customer Loyalty and Retention

26/03/2017 22:47
There’s no doubt that bank data breaches cost businesses money, but there are costs associated with breaches that add up beyond a round dollar figure. Most studies that calculate the costs from breaches focus on short-term quantifiable costs such as discovering and mitigating...

Brokers: The risk your business clients may not be thinking of

24/03/2017 18:33
The importance of cyber insurance is constantly being reaffirmed to insurance brokers with the likes of Inga Beale among those to have recently spoken about its expansion and potential as the “next big thing” in the insurance sector. However, amid all the statistics and emphasis on...

UK SME’s grow cyber protection but coverage rates still low

24/03/2017 18:28
The uptake of cyber insurance by UK small and medium-sized enterprises (SMEs) has grown significantly in recent years but coverage remains low compared to other commercial products, according to research and consulting firm GlobalData. The purchase of cyber insurance by SMEs grew from 2.1 percent...

Report | Perspectives on Cyber Risk 2017

17/03/2017 14:23
The 12 months since the publication of our last Perspectives on Cyber Risk report have seen some of the most devastating cyber incidents yet. In this increasingly fraught climate, in late 2016 we conducted our second annual cyber security survey, to assess changes in...

Seven cyber security predictions for 2017

10/03/2017 07:40
The face of cyber security is changing constantly, and 2017 will be no exception. Here are seven cyber predictions and trends that we’ve seen emerging in 2017 and will gain in importance as the year progresses and beyond. 1) Businesses handling EU citizens’ data will be concerned about General Data...
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