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Companies #Look To #Cyber Insurance For #Protection Against #Hackers

more information on sonyhack from leading cyber security expertsSource: National Cyber Security – Produced By Gregory Evans You have health insurance, car insurance, homeowner’s insurance, how about cyber insurance?   More and more local businesses are buying protection for themselves from huge financial losses in a cyber-attack.   Cyber protection is a fairly new offering in the insurance industry.  But one Sioux Falls development company […] View full post on AmIHackerProof.com | Can You Be Hacked?

Cybersecurity #insurance only a #piece of #data #protection #strategy

Source: National Cyber Security – Produced By Gregory Evans

Many organizations are reinforcing their cybersecurity strategy by signing up for cybersecurity insurance. Cybersecurity insurance is still in its nascent stage of development, but businesses worldwide are beginning to recognize its importance in today’s evolving threat landscape: Auditing firm PwC predicts insurance policy premiums to grow to $7.5 billion by the end of the decade.

At the recent MIT Sloan CFO Summit in Boston, panelists during a session titled Cybersecurity: How much is too much? talked about the role cybersecurity insurance plays in an organization’s overall cybersecurity strategy.

“In terms of cyber insurance, it is a pretty new industry; it’s still maturing,” Aparna Ramesh, ‎CFO at the Federal Reserve Bank of Boston, said. “I think it will be interesting to see what kind of analysis and information comes out once this industry matures.”

Designed to mitigate financial losses from incidents like data breaches, cyber insurance can protect businesses from some of the risks involved in doing business online. Cybersecurity insurance policies can help cover extra expenditures such as regulatory costs and meeting customer notification requirements that result from the theft or destruction of digital assets.

But Pietr Lindahl, senior director of cyber threat reduction and strategic analysis at ‎Philips, advised organizations against solely relying on cyber insurance.

“It may help soften the blow from a financial perspective, but hasn’t done anything to protect your brand reputation or ensure business continuity,” Lindahl said.

Several factors are considered when budgeting and planning an organization’s cybersecurity investments such as insurance policies, Lindahl said. The amount of money budgeted will vary based on the company’s risk profile, what kind of information they have that could be targeted and what kind of proprietary information they have, he added. He also advised organizations to annually reevaluate their threat landscape and risk appetite.

Scott Ward, CFO at Cybereason and a co-panelist, sees cybersecurity insurance as “just another tool in the toolkit” of organizations trying to prevent and prepare for cyberattacks.

To think of it as a silver bullet is wrong, Ward reinforced. After Target’s huge 2013 data breach, cyber liability insurance covered only 36% of the companies associated costs, he reminded the audience.

“A lot of technology is still evolving, changing and improving and the same has to be said with cyber insurance policies. There is a lot of work going into those policies in the development and understanding what’s covered and what’s not. It’s definitely a work in progress,” Ward said.

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Small and medium-sized businesses are not investing in cyber protection despite spate of attacks

Source: National Cyber Security – Produced By Gregory Evans

Small and medium-sized businesses are not earmarking significant amounts of cash to bolster their cyber-security defences, despite almost one-sixth of all companies suffering an attack within the last year. According to data compiled by insurance company Zurich, 875,000 SMEs across the UK have been affected by a cyber-attack over the…

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Cybersecurity and Data Protection Laws: Change is Coming

Source: National Cyber Security – Produced By Gregory Evans

Cybersecurity and Data Protection Laws: Change is Coming

China’s new Cybersecurity Law will become effective on June 1, 2017. In addition to focusing on cybersecurity, the law also details how companies are to handle personal information and data. In determining what is allowed and not allowed for handling personal information in China, it is important to examine The Decision on Strengthening Information Protection on Networks (2012), The Guidelines …

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Password tool uses neural network for secure protection from hackers

Source: National Cyber Security – Produced By Gregory Evans

Password tool uses neural network for secure protection from hackers

A state-of-the-art password meter that offers real-time feedback and advice to help people create better passwords has been developed by researchers from Carnegie Mellon University and the University of Chicago. One of the most popular passwords in 2016 was “qwertyuiop,” even though most password meters will tell you how weak that is. Many existing meters also fail to offer good …

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U.S. Spy Agencies Leave Americans Vulnerable to Hackers In the Name of “Protection”

Source: National Cyber Security – Produced By Gregory Evans

If those of us who regularly use the Internet for work, recreation, shopping, and more find ourselves increasingly vulnerable to hackers, malware, spies and cyber-thieves out to steal our personal information, we have U.S. intelligence agencies to thank. Furthermore, those …

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Mobile users rarely pay for malware protection

Source: National Cyber Security – Produced By Gregory Evans

Mobile users rarely pay for malware protection

Almost nine in ten (89 per cent) of mobile consumers don’t pay for mobile protection, despite the fact that mobile malware is running rampant. Consumers would, however, gladly do it (61 per cent of them), if their mobile operators would …

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The Art of Cyber War Adaptive Threat Protection

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Source: National Cyber Security – Produced By Gregory Evans

The Art of Cyber War Adaptive Threat Protection

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KATC Investigates Protection Against Identity Theft

Source: National Cyber Security – Produced By Gregory Evans

KATC Investigates Protection Against Identity Theft

Odds are, you know someone who’s been a victim of identity theft. According to the Bureau of Justice, close to 18 million people experienced some form of the crime just last year. That’s five times more than the entire population of Louisiana. Almost all of the victims say someone tried to use an existing bank account. About half had someone use their credit cards without their approval. And nine out of ten people say the culprit, is a total stranger. These crooks use any means to get a hold of your personal information, but could you be handing it over without even knowing it? You’ll be surprised with what we uncovered, just like the viewers we surprised right at their own front doors. There’s an old saying, that “one man’s trash is another man’s treasure.” And if you’re an identity thief, a junkyard could be a gold mine. We took our cell phones and went to a scrap yard right here in Acadiana…and what we found was startling. Just take a look at some of the things that we’ve found. We’ve got banking information; we’ve got what bank this person goes to, including their name. And we have their accounting […]

For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com

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Protection focus of cyber security conference

Source: National Cyber Security – Produced By Gregory Evans

“Many criminal and adversaries use hacking techniques to do bad things, but at the same time many of the hackers that are here think we are a national resource and something to be cultivated, not feared,” Bryan Fite, organizer of the ninth-annual Day-Con Hacker Conference called “Day Con Nine 2015 // Nowhere to Hide,” told News Center 7 Reporter Rachel Murray on Thursday. “The sensors ..and these automated systems the drones that are going to be with us now into the future,” Fite said. “We are going to have to cohabitate with the Internet of dangerous things.” Fite, Matthias Luft with German cyber security company ERNW and other convention attendees say you can protect yourself and your online data by taking a few choice steps: * Choose strong passwords, * Don’t use the same password for multiple accounts, * Don’t click on everything you get via email or instant message, * Don’t click on attachments unless you are really sure it’s valid. Source: http://www.whio.com/news/news/local/protection-focus-of-cyber-security-conference/nn4DW/

For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com

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