Hackers are outpacing and adapting their techniques at a faster pace than defenders, and nearly half of all cyberattacks are resulting in financial damages over $500,000, including lost revenue, customers, opportunities and out-of-pocket costs.
The increasing adoption of hybrid cloud – a mix of public cloud services and privately owned data centers, already in place for 70 percent of companies on a global level – is giving rise to new security challenges and prompting CISOs to adopt different technologies to fight zero-day exploits, advanced persistent threats, and other devastating types of cybercrime.
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.
It’s been nearly two years since we addressed cyber insurance in the Cyber Tactics column, so I decided to get an update from Bob Parisi, Managing Director at Marsh.
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.
CISOs are feeling the pressure when it comes to cybersecurity management, but new data from Cisco’s annual report may help in getting them the buy-in they need.
This fall, the Ponemon Institute released its Fourth Annual study, Is Your Company Ready for a Big Data Breach? on data breach corporate preparedness, which revealed that 52 percent of companies experienced data breaches just this past year alone.
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.
After the leak of the Panama Papers and a string of ransomware attacks, will these new developments lead to new priorities for lawyers, doctors and enterprises at large? Can financial losses or the damage to the reputation of a health system or law firm lead to a new sense of urgency to update accepted security practices and even codes of conduct with hospital data? Will regulatory bodies mandate more training for these two distinguished professions that have largely opted out of serious cybersecurity training up until now?