Article archive

Demand for cyber insurance on the rise, joint Swiss Re/ IBM study shows

16/10/2016 05:59
Following several high-profile cyber security breaches over recent years, a growing number of corporations perceive cyber as a high risk. Swiss Re therefore expects the demand for cyber insurance to rise. These are the findings of a joint study Swiss Re and the IBM Institute for Business Value...

Nothing seemed out of the ordinary by Nicholas Economidis

15/10/2016 10:15
Nothing seemed out of the ordinary The email looked familiar, and the request to transfer funds was a little out of the ordinary, but not that different from the normal course of business.  Except, the email only lookedfamiliar and the transfer request was actually criminal and now the...

82% of global and IT business pros are concerned about GDPR compliance

14/10/2016 11:35
New global research from Dell reveals the lack of awareness among SMBs and large enterprises of the requirements of the EU's GDPR, going into effect in under two years   Eighty two percent of global and IT business professionals responsible for data security at both SMBs and enterprises are...

The danger within: internal risks increasing, claims new PwC report

12/10/2016 06:23
Amid a complex and constantly changing risk landscape, internal cyber attacks are an increasing threat that can damage a company’s profits and reputation, according to PwC’s ‘Global State of Information Security Survey’, published this week. Indeed, a multitude of data is lost each day in...

Preparing for GDPR

11/10/2016 06:26
As IT moves towards mobile and cloud-based services, data will get spread more widely across the organisation. This shift from central IT to more ‘edge computing’ represents a big challenge when it comes to protecting data and meeting the requirements of GDPR. Preparing for this shift can help...

The Betterley Report:The annual volume of cyber risk premiums is around $3.25 billion, up about 18% from last year

09/10/2016 19:16
Annual premium volume information about the U.S. cyber-risk market is hard to come by, but in reviewing the market, we have concluded that the annual gross written premium may be as much as $3.25 billion (up from $2.75 billion in last year’s report).    The industry is divided by size...

Cyber insurance – a necessary cost of modern business

09/10/2016 18:59
The Target hack was a consciousness-raising incident for C-level execs, making them realize that the total costs of an intrusion and data theft are much greater than a damaged reputation and associated PR cleanup. The incident cost several execs, including the CEO, their jobs and the company...

Cybersecurity Preparedness and Response: A Middle Market Risk Management Perspective

09/10/2016 09:24
What is your company’s biggest vulnerability in terms of cyber risk?  How well prepared do you feel your company is to respond to a cyber-related crisis?  Does your company have a formal cyber incident response plan?  Does your company purchase standalone cyber liability...

GDPR: Forced breach reporting will have bigger impact than fines

06/10/2016 10:38
Risk of losing customers will change attitudes faster than huge fines   The mandatory data breach reporting requirements in the General Data Protection Regulation (GDPR) are more likely to make business leaders take cyber security seriously than the risk of huge fines. This was the view...

Cyberinsurance, a Lifesaver or a Headache? Why Not Both?

29/09/2016 06:08
An ALM CyberSecure panel explored the perils and possibilities that result from current cyberinsurance policies. Cybersecurity is a top concern for all organizations, and many are turning to cyberinsurance to lessen the blow of a data breach. Yet as with the complexities of a breach—from the who’s...
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