To select the most comprehensive yet affordable cyber insurance plan for your business, it’s critical to first identify who is accessing your confidential data and how they’re accessing it, as this information will largely dictate how your cyber insurance policy is outlined. Ensure your effective policy includes these six key components.
A study conducted for Hiscox shows that, out of 3,000 companies in the U.S., UK and Germany, slightly more than half (53 percent) of these organizations are not prepared to effectively handle a cyber-attack.
Cyber insurance purchases are on the rise. According to Marsh’s 2016 Cyber Benchmarking Trendsreport, there was a 27-percent increase in the number of U.S. clients purchasing standalone cyber coverage for the first time in 2015.
Your company may think it has adequate insurance coverage for a network breach, but there’s a good chance that it does not. According to the findings of a recent UK government report, over half of the companies surveyed thought they had the right coverage in place, while only 10 percent actually did. Another sizable group of those surveyed responded that they had no idea which of the many cyber risks facing their company even could be insured.
In August, Community Health Systems announced that an external group of hackers attacked its computer network that an external group of hackers attacked its computer network and stole non-medical data of 4.5 million patients – the second-largest HIPAA breach ever reported.
When asked specifically about the underlying technologies of a credit or debit card, Americans responded favorably, with 69 percent stating that EMV chip cards are making their debit and credit card transactions more secure, with only five percent feeling chip cards make their transactions less secure.
The 1995 bombing of the Alfred P. Murrah Federal Building in downtown Oklahoma City, OK, changed the state of Oklahoma and the country as a whole forever, but it didn’t stop businesses and families from calling it home, including GE’s new Oil & Gas Technology Center (OGTC), in Oklahoma City. Learn how the OGTC is a shining example of high-tech security with GE’s historically customer centered beliefs and strategy. Also in this issue: why smart cards are increasingly being embedded into mobile devices and wearables, what role certifications play in your career, and much more!