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Europe's Highest Court Invalidates EU - U.S. Safe Harbor Data Sharing Agreement

07/10/2015 07:25

Today the European Court of Justice — Europe’s highest court — invalidated the Safe Harbor agreement and framework that has permitted more than 4,000 companies to transfer personal data from the EU to the U.S. The decision can be found here. In light of this decision, U.S. companies that...

Demand for cyber risk insurance market on the rise

06/10/2015 20:05

According to a new report from Timetric, the cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an estimated US$2.5 billion in 2014. The cyber risk insurance market is gaining traction due to a growing...

Unlocking the potential of the Internet of Things

02/10/2015 09:22

The Internet of Things—sensors and actuators connected by networks to computing systems—has received enormous attention over the past five years. A new McKinsey Global Institute report, The Internet of Things: Mapping the value beyond the hype, attempts to determine exactly how IoT technology...

Experian Data Breach Resolution releases its Annual 2015-2016 Data Breach Response Guide

01/10/2015 20:22

A Ponemon Institute study sponsored by Experian Data Breach Resolution found that a majority of businesses surveyed had a data breach response plan in place, but many were not confident in their response and did not practice their plan through discussions or drills. To help companies take...

CEO and Data Breach Management by Nikos Georgopoulos

01/10/2015 12:16

Data breaches and cyber security have struck new fear into the hearts of every company because of the nature of the information they handle. As we have seen in the recent data breaches, the way a company handles a crisis plays an important role in whether the CEO and senior management (CIO,...

Netdiligence: 2015 Cyber Claims Study

30/09/2015 21:12

The fifth annual NetDiligence® Cyber Claims Study uses actual cyber liability insurance reported claims to illuminate the real costs of incidents from an insurer’s perspective. Our goal is to raise awareness about cyber risk within the risk manager community. For this study, we asked...

Kaspersky Labs :Damage Control: The Cost Of Securty Breaches

29/09/2015 06:17

It’s not an easy task to estimate how much a business will lose as a result of a security breach. Figuring out a typical loss is even more complicated. Businesses are cautious of sharing such data, and sometimes they struggle to discern direct financial damage from indirect expenses, also caused by...

Zurich Report : Risk Nexus Overcome by cyber risks? Economic benefits and costs of alternate cyber futures

27/09/2015 07:42

The globalization of value chains, increased financial integration, rapid urbanization, and the Internet’s ubiquity have all accelerated worldwide economic growth over the past few decades. Unfortunately, these same developments have also significantly increased our vulnerability to external shocks...

Cyber crime costs global economy $445bn a year

26/09/2015 05:30

Global losses from cyber crime have been estimated at $445bn (£291bn) a year, according to an insurer. AGCS predicted premiums for cyber insurance would grow from $2bn to more than $20bn over a decade. © Shutterstock A report by Allianz Global Corporate &...

Symantec: Building Comprehensive Security Into Cars

25/09/2015 07:32

Recently, threats to cars have escalated from the realm of possibility to harrowing reality. Symantec is working with automakers, chipmakers, and other forward-thinking companies to block hackers’ many inroads into vehicles and keep cars—and people—safe. Over the past few years, automotive...

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