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Proper Risk Assessment for Cyberinsurance by Natalie Lehr

20/07/2014 08:50

The introduction of cyberinsurance is tempered by the same legacy procedures that have defined insurance since long before cybersecurity existed. It's a generally accepted truth that change is inevitable and adaptation a necessary requirement for progression. Yet, one of the most mature industries...

A Lack of Communication on Cyber Security Will Cost Your Business Big by Ethan Oberman

18/07/2014 06:04

When it comes to cyber security, most CEOs don’t get it. That was the conclusion of a recent survey of IT security professionals on the state of their companies’ defenses against data leaks or malicious attacks. The survey, sponsored by Websense and conducted by the Ponemon...

Breaches exposed 22.8 million personal records of New Yorkers

16/07/2014 07:17

Attorney General Eric T. Schneiderman issued a new report examining the growing number, complexity, and costs of data breaches in the New York State. The report reveals that the number of reported data security breaches in New York more than tripled between 2006 and 2013. In that same period, 22.8...

Cyber-Insurance Valuable yet Still Needs to Evolve by Robert Lemos

14/07/2014 08:13

Insurance firms need more tools to better gauge risk and appropriately cover businesses for damages sustained during cyber-attacks. While cyber-insurance could significantly help companies reduce their risk and direct businesses to develop better security practices, the insurance industry...

Cyber risk growth constitutes huge threat but huge business opportunity by Insurance Business

09/07/2014 06:28

We’ve come a long way in the last 20 years. In the mid nineties we were just discovering this wonderful new thing called the internet and the joys of waiting for a dial-up connection to AOL. Now, just two quick decades later, we live in a world where a large part of our lives is spent online. The...

Threat from hackers brings rush for extra insurance - Telegraph by John Ficenec

08/07/2014 07:35

Premiums expected to pass $2bn this year as cyber attacks on businesses increase The world’s leading insurance market has reported a sharp increase in companies seeking insurance cover from hackers stealing customer data and cyber terrorists shutting down websites to demand a ransom. Geoff...

How will your Business Respond to a Cyber Attack Ransom Demand? Answer: Cyber Extortion Insurance by Christine Marcianno

04/07/2014 23:13

With DDoS attacks surging and no signs of slowing down, all organizations should be concerned with these types of attacks, and should prepare a mitigation plan before such an attack strikes them. Ransom demands are becoming more common with DDoS attacks. Today’s DDoS attacks are...

Lessons Learned from 1,000 Data Breaches…and Counting by Mike Donovan

02/07/2014 23:56

Companies are primarily focused on protections, when instead they should be considering what to do after the systems are breached. Do you know your enemy? Are you fighting the wrong war? Despite everything you’re read about cyber security, despite all the breaches in the news, the fact is...

Why cyber-insurance will be the next big thing by Mary Thomson

02/07/2014 22:53

Earlier this year, New York City-based staffing agency Clarity bought cyber-insurance for the first time. This spring it added more coverage. "We were actually hearing about it from our clients," said Elizabeth Wade, Clarity's operations manager. "They were asking us about...

It’s time to add cyber insurance to your cyber security strategy.

19/06/2014 18:46

Digital information is fundamental to businesses; it’s at the core of what they do and allows them to operate effectively. Without this digital information, businesses would not be able to foster a commercial advantage allowing them to outperform and outgrow competitors, and become more efficient...

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