Article archive :: PrivacyRisksAdvisors.com

What You Should Start Doing Today to Prepare for GDPR and Privacy Shield

17/04/2016 18:50

GDPR will apply to almost all organizations who monitor or process the personal data of European citizens, without any regard to the physical location of the processor or controller. Although the penalties for non-compliance with GDPR will not be enforced until mid-2018, organizations that collect...

Most firms admit they are not insured for data security breaches by Antony Savvas

17/04/2016 13:21

This is despite the fact the cyber insurance market is expected to reach $7.5bn by the end of the decade Less than half (41 percent) of firms are fully insured for both security breaches and data loss, and only a third have dedicated cybersecurity...

Data protection reform - Parliament approves new rules fit for the digital era

14/04/2016 22:58

New EU data protection rules which aim to give citizens back control of their personal data and create a high, uniform level of data protection across the EU fit for the digital era was given their final approval by MEPs on Thursday. The reform also sets minimum standards on use of data for...

Business continuity in the age of ever evolving ransomware

09/04/2016 19:01

Ransomware are a growing threat to business operations and reputation. In this article Peter Godden explains how business continuity and disaster recovery technologies can help to provide protection against such attacks. Every day seems to bring with it news of another ransomware attack or a new...

Target’s Cyber Insurance: A $100 Million Policy vs. $300 Million (So Far) In Costs

09/04/2016 12:41

When it comes to buying cyber insurance, businesses can take comfort that they have mitigated the financial risks that come with a data breach. Just not all of them. Target Corporation’s high-profile hack is a case in point. In a securities filing last week, Target said costs...

Cyber-Risk in Marine Transportation

06/04/2016 20:48

Cyber-attacks represent one of the most significant threats facing international businesses today, and are increasing in severity. For the insurance industry, such risk represents a highly significant opportunity. Yet while many insurance companies, particularly in the UK, currently offer such...

Cyber Risk Handbook 2015

01/04/2016 17:31

Cyber risk is an escalating threat and one of the most challenging issues facing the world today. Attacks are becoming more frequent, more intense and more sophisticated. Motivations are wide-ranging – from financial gain to threatening critical infrastructure and national security – and the nature...

Keep up-to-date with the proposed changes to European data protection law.

30/03/2016 07:18

On January 25, 2012, the European Commission released its widely anticipated data protection legislative framework proposal ("Draft Regulation"), intended to replace Directive 95/46/EC. The Draft Regulation will have a significant and wide-ranging impact on businesses, imposing new...

Reducing cyber risk of banks by M. R. Khan

27/03/2016 22:05

In the blockbuster film Terminator II, a young John Connor (played by Edward Furlong) steals money from an ATM using his laptop. The film was released in 1991, however, the story was set in 1995. While in 1991 the technology used by John Connor in the film seemed cleverly 'new', in reality, by...

Are You Adequately Protected by Your Cybersecurity Insurance? The Sky is the Sub-Limit

23/03/2016 05:52

For businesses and nonprofit organizations searching for cyber insurance, it is important to know if your coverage limits are adequate. Whether you are in the market for a new policy or renewing an existing one, you should explore whether your policy has a “sub-limit” that places limitations on...

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