Article archive :: PrivacyRisksAdvisors.com

Cyber Insurance: Coming of Age in 2017?

19/01/2017 10:53

2016 was definitely the year of cyber insurance emergence. As large-scale attacks and disclosures of massive data-breaches were reoccurring along the year, we realized once again that allocating tremendous efforts and resources to your cybersecurity defense does not provide any guarantee...

How much cyberinsurance is enough?

19/01/2017 04:37

How a top security manager feels about cyberinsurance often may have a lot to do with the type of company he or she works for. Take Jim Motes, vice president for information security at Kohler, the large privately-held global manufacturer best known for its plumbing and other home products based in...

A New In-Depth Analysis of Anthem Breach

18/01/2017 10:54

Seven state insurance commissioners, in a new report on their investigation into the massive cyberattack against health insurer Anthem Inc. in February 2015, offer a detailed account of what happened in the incident, which began with a phishing campaign. They conclude, as had...

Smart Shopping for Cyber Security Coverage: How to Avoid Huge Insurance Premiums

18/01/2017 07:54

FICO’s Doug Clare shares advice on what a company needs to do before applying for cyber insurance, to make sure they get the best rate. With well-publicised security breaches driving news headlines on a daily basis, losses and fines growing in magnitude, and state actors involved in a wide...

Adding business value with cyber- insurance

17/01/2017 07:13

With more countries embarking on Smart Nation projects, the number of connected devices and volume of data will only increase. This means that cybercriminals now have an almost infinite number of (often poorly protected) channels to launch their attacks. Underscoring the severity of issue, the...

EY Report : Cyber strategy for insurers

15/01/2017 21:57

Innovative, global technologies are disrupting the traditional infrastructure of the insurance industry. Mobile, digital, analytics and payment platforms are accelerating rapidly. The evolution is so pervasive that the C-suite is seeking new business models to enable a stronger customer-centric...

Insurance gaps leave shipping exposed to growing cyber threats

15/01/2017 08:40

Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global prices. Digitalization means electricity networks, emergency services, industry and...

Top 3 privacy predictions for 2017

15/01/2017 08:20

2016 left us with a “brand new” EU General Data Protection Regulation (GDPR). But as soon as 2016 came to an end, we – lawyers – started looking for what is coming next in the data protection world. Here my personal predictions on the privacy legal issues for 2017. Companies need to get...

Article 29 Working Party issues guidance on data portability, DPOs and lead supervisory authorities

11/01/2017 07:49

In February 2016, as part of its action plan of activities for the implementation of the General Data Protection Regulation ("GDPR"), the Article 29 Working Party ("A29WP") promised to publish guidance on the operation of the GDPR's provisions regarding the requirement for controllers and...

£150,000 fine for insurance company that failed to keep customers’ information safe

10/01/2017 14:18

The ICO has fined Royal & Sun Alliance Insurance PLC (RSA) £150,000 following the loss of the personal information of nearly 60,000 customers. An ICO investigation looked at the theft of a hard drive device containing 59,592 customers’ names, addresses and bank account...

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