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What Do CIOs Need To Know About Cyber Insurance?

The Accidental Successful CIO

When you are the CIO, you deal with things like servers, networks, firewalls and the like. You are not generally called on to deal with other business related issues such as insurance. The problem is that cyber insurance is new and it raises more questions than it answers. What Kind Of Incidents Are NOT Covered?

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Fidelity National Financial Cyber Attack Disrupts Real Estate Services

SecureWorld News

Fidelity National Financial (FNF), one of the largest title insurance providers in the United States, announced on November 21 that it fell victim to a sophisticated cyberattack. Disruptions to real estate transactions: Cyberattacks can disrupt real estate transactions, causing delays, cancellations, and title insurance claims.

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Four of the Biggest Financial Data Breaches of 2019

Galido

Perhaps not surprisingly, banks, insurance companies, and other financial-service firms are 300 times more likely to suffer from a cyber-attack than other industries. The hacker was able to breach Capital One’s servers through a misconfigured web application firewall. The Westpac/PayID Breach.

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CIOs Look For Ways To Fool Hackers

The Accidental Successful CIO

This new method doesn’t attempt to bar intruders from getting in, like firewalls do. The way to deal with this issue is to couple a deception system with more traditional defenses like firewalls, encryption, anti-malware solutions and authentication systems. CIOs have to realize that attackers are both agile and fast.

Firewall 130
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Shopping Mall CIOs Try Out Facial Recognition Software

The Accidental Successful CIO

When you are the CIO, you deal with things like servers, networks, firewalls and the like. You are not generally called on to deal with other business related issues such as insurance. The problem is that cyber insurance is new and it raises more questions than it answers.

Software 238
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Effectively Manage All Endpoints, No Matter Where They Are Located

CIO Business Intelligence

However, employees working outside the corporate firewall and other network protections pose some big security challenges, especially for large enterprises. For example, during the first weeks of the COVID-19 pandemic, cyber insurers had significant concerns about the security risks incurred with so many employees suddenly working from home.

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We Need A National Cybersecurity Strategy That Everyone Can Implement

CTOvision

This can be done by configuring the internal Firewall on Internet facing application servers. Step-up: Implement the OWASP Top 10 controls to further insure your Internet facing servers are not vulnerable to front door attacks. Thus closing un-used interfaces is one of the easiest mitigation techniques.

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