Organizations that have suffered a ransomware attack before are more likely to pay up again, and keep mum about it too, according to a ThreatTrack study.
Although cyber insurance has been around for a few years now, since it is still a fairly new concept and the industry is expected to grow exponentially in the near future, companies may have questions. Lynda A. Bennett, Chair of Insurance Coverage Practice at the law firm of Lowenstein Sandler, LLP, in Roseland, New Jersey, spoke with Security about the ins and outs of cyber insurance. As an attorney specializing in these types of claims, Bennett represents enterprises, not insurers.
With enterprises’ rising reliance on data and the need to protect it, investments in data security and data centers are rising. Data center company Equinix Inc. is expanding its Rio de Janeiro data center; Penn State University is finalizing plans for a second data center, projected at a cost of $58 million; Google is reportedly considering a $300 million data center expansion at its campus outside of Atlanta.
In an open letter to Barack Obama the National Retail Federation said it outlines achievable solutions that industry must work toward to better protect customers, empower its retail members and effectively safeguard America’s cyberspace against criminal hackers.
The U.S. House of Representatives Intelligence Committee introduced legslation intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats.
Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards.