When a major hack hits the news, enterprise IT teams scramble to prepare for the fallout. Any organization directly affected by a breach is bound to come under fire, along with the effectiveness of existing security deployments that were unable to protect them.
The rapid digitization of consumers’ lives and enterprise records will increase the cost of data breaches to $2.1 trillion globally by 2019, increasing to almost four times the estimated cost of breaches in 2015.
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.
This month’s column takes over where we left off in April, bringing to a close our Top 10 list of widely held cybersecurity myths. This month’s list should prove no less provocative.
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.
A new survey reveals that a majority of organizations are not following incident response best practices and are not well prepared to face the challenges of today's advanced cyber threats.
