Influential National Association of Insurance Commissioners (NAIC) Moves On Cyber

CTOvision

Cybersecurity practitioners and policymakers have long been discussing the potential positive benefits of smart insurance policy and standards to reduce risk. The National Association of Insurance Commissioners (NAIC) is the U.S. By Bob Gourley.

10 cyber insurance selling points

CTOvision

Read Elana Ashanti Jefferson list top ten reasons why companies, small and big, should buy cyber insurance on Property Casualty 360 : In a move that reflects the growing urgency for companies, organizations and institutions worldwide to proactively face down and mitigate cybercrime, Beazley, a longtime cyber insurance market leader, announced recently that it has […]. Cyber Security News

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Complying With Health Insurance Portability and Accountability Act (HIPAA) Security Rules

CTOvision

HIPAA was enacted in 1996, and by April 2005 security standards were required to be in place for most covered entities. This post provides an overview of key elements we believe security and technology professionals (and most citizens) should be tracking.

Global Firms Under-Insured Despite Breach Concerns

CTOvision

Half of global organizations still don’t have cyber insurance, despite the majority believing cyber-attacks will increase next year, according to FireEye. The security vendor polled 800 CISOs and senior executives across the globe to compile its new Cyber Trendscape Report. More than half (56%) said they believe the risk of attacks will grow next year and 51% […].

Cyber Insecurity: A Boon for Insurers

CTOvision

Do you have good cyber insurance? An explosion in perceived cyber threats will lead to an explosion of attention to managing cyber risk, and that attention means booming business for cyber insurers. Randy Milanoff , a lawyer for insurance provider White & Williams, compares the Target data breach to ten Super Bowl advertisement for cyber insurers. By ShannonPerry. We’ve written plenty about data breaches.

Security Think Tank: Lower insurance premiums through security certification

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Security Think Tank: Six key factors in cyber insurance

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Security Think Tank: Cyber insurance a great complement to good security practice

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Security Think Tank: Understand data assets and risks for insurance success

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

How Is the Pandemic Driving up Cyber Insurance Rates?

SecureWorld News

From cyberattacks on unemployment systems and the healthcare industry , to the security risks associated with remote work , SecureWorld has covered how these rapid changes have developed into a "Wild West" threat landscape. But how are these new developments impacting cyber insurance rates?

Security Think Tank: Cyber insurance – factor in all costs and obligations

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Security Think Tank: Back up risk assessment with broker advice on cyber insurance

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Security Think Tank: Ensure cyber insurance is right and helps reduce risk

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Security Think Tank: Cyber insurance may not provide cover where it is most needed

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Australian organisations forced to take cyber insurance seriously

Computer Weekly

The take-up of cyber security insurance in Australia remains low, but it could increase if data breach notification regulations come into force

7012 Regs and Cyber insurance on collision course with small business

CTOvision

The regulations themselves are a part of, and a driver to, a set of complex problems for industry — presently, with risk being transferred away from DoD to its contractors who will find risk rebounding to them via their “cyber” insurance policies.

Best practices for lowering cyber insurance costs and cyber risk

Network World

With cybersecurity threats on the rise, companies are increasingly taking advantage of cybersecurity insurance. And while cyber insurance can be worth it, it’ll cost you. insurers earned $1B in cyber premiums. You can minimize your premiums by showing your insurance company you’re actively mitigating cyber risks, which is a win-win: lower your risk and secure a more cost-effective insurance plan.

Patient Portal Puts a Spotlight on Secure Messaging

CTOvision

Stage 2 requires expanded use of patient portals, as well as implementation of secure messaging, allowing patients to exchange information with physicians regarding their health care. Secure Messaging Requires Authentication and Secure Networks. Network Security.

Spurring Growth Initiatives Through Tax Reform in Insurance

Perficient Data & Analytics

has created a jubilant atmosphere, as the rates are generally expected to boost earnings and investments for many insurers. We are investing in their future and strengthening their long-term financial security with structural improvements that will endure. — To learn what else is driving growth, productivity, and efficiency, download our new guide: 2018 State of the Insurance Industry.

Cybersecurity: Too Often Overlooked is the Impact to the Individual

CTOvision

When put in context, the company recovered $90 million from insurance, wrote off $105 million in tax deductions, and the final sum was only equal to about.1 It turns out that two tax returns had been filed using their social security numbers and the refunds have been claimed.

Facebook gives sensitive user information to advertisers, White House emails not protected, Discounted cyber insurance, Intel’s unethical conduct

CTOvision

CTO Cyber Security Cyber War NewsThese are some of the cybersecurity stories CTOvision is tracking. For others see our portal into all things cybersecurity and cyberwar. Facebook lets advertisers target users based on sensitive interests CTOvision has been tracking the Facebook data issues for quite a while and will continued to keep you in the loop (see The Ethics Of […].

Meet Ameet Bakshi: The Insurance CloudMASTER®

Cloud Musings

Powered by Singapore-based Big Data start-up Crayon Data , BigData-MadeSimple.com tapped the insurance industry as being at the forefront of integrating cloud technology into their digital eco system.

Taking the Canadian Insurance Industry Digital

Cloud Musings

McKinsey & Company Founded in 1871, Economical Insurance operates within the old and relatively static Property and Casualty (P&C) insurance industry. Economical sees itself as the insurance company “For Canadians by Canadians.”

How the insurance industry could change the game for security

Network World

The recent growth in the cyber insurance market is already improving cybersecurity in some industry segments, and has the potential to do more -- if the industry is able to address its data problem. One area where cyber insurance has already made an impact is in the retail space, said David White, founder and COO at Axio Global , a cyber risk company.

Insurers working to fill cyberinsurance data gaps

Network World

Insurance companies typically have decades of data, if not more, on which to base their risk estimates. That's starting to change, as insurers expand their services so that they can better educate their customers about cyber risk and even help them defend against attacks before they happen and deal with the fallout of when a breach does occur. Corporate financial officers, security managers, and insurance brokers have different understanding of risk, for example.

Impact of technology on insurance industry

Hacker Earth

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are.

Exploring the economic realities of cybersecurity insurance | Salted Hash Ep 43

Network World

Porup about the newly created cybersecurity insurance industry, and how a policy could fit into an organization's overall security strategy to help minimize risk Guest host Juliet Beauchamp talks with senior writer J.M.

Travelers enlists Symantec to advise cyber insurance customers

Network World

The Travelers insurance company has teamed up with Symantec to give policyholders cyber security assessments and consultation in order to help them manage risks. The self-assessment consists of filling out a 25-question survey and getting a written report of how well their network and data protection stacks up. If they want to, they can talk to a consultant who walks them through the results and recommends steps they could take to remediate risks.

HIPPA and Ransomware in the Healthcare Sector: “Your PHI or your life”

CTOvision

From a HHS blog post: To help health care entities better understand and respond to the threat of ransomware, the HHS Office for Civil Rights has released new Health Insurance Portability and Accountability Act (HIPAA) guidance on ransomware. Bob Gourley.

Assessing the FFIEC Cybersecurity Assessment Tool

CTOvision

We have worked with financial institutions and other high risk organization in cyber security assessments for years and generally view more rigor and attention in this domain as a positive thing.

Tools 377

Internet Two Seeks Chief Cyberinfrastructure Security Officer

CTOvision

Chief Cyberinfrastructure Security Officer. Position Summary: The Internet2 Chief Cyberinfrastructure Security Officer (CCSO) is the leader responsible for establishing the cyberinfrastructure security strategy and direction for Internet2′s global infrastructure programs. The CCSO provides leadership for the Internet2 cyber security program through strong working relationships and collaboration across the staff and community, including policy and operational areas.

Business warned not to be complacent about cyber security

Computer Weekly

Lloyds of London survey reveals just how badly some European firms are failing in terms of cyber security and low levels of awareness about the role of cyber insurance

Naturally Better Security: Leveraging the power of nature to enhance Internet security

CTOvision

Nature is now providing engineers with the missing link that can help with the most vexing challenge of our age: enabling both security and functionality in our interconnected IT systems. Adversaries, including cyber criminals, states seeking national security information, hackers seeking glory, and hacktivists pushing causes, have all come to realize the value of successful cyberattacks, and they show no sign of stopping. CTO Cyber Security NewsBob Gourley.

Insights Into The Black Market For Healthcare Data

CTOvision

Lets start with some good news: Sometimes problems can only be solved after there is widespread situational awareness, and now that cyber security and cyber threats are going mainstream, more and more people are being made aware of how serious this threat of stolen health care data is. Some of what they discussed includes: Security experts say health data is showing up in the black market more and more. Cyber Security Anthem (insurance) Identity theft By Bob Gourley.

Quandary: We must support strong compliance if we are to enhance security, but compliance absolutely does not mean security

CTOvision

One area we love exploring is the seemingly contradictory observations that we need compliance mechanisms to enhance security, but that never, ever, has compliance with rules alone meant that you are secure. Collectively we all agreed that compliance does not equal security but that following smart, well crafted rules is of critical importance, and the key to resolving the seeming contradiction there is in leadership. Verisign: Security Services.

Situational Awareness Is Key To Enhancing Your Cyber Security Posture

CTOvision

How To Fix The Internet Of Things Security Mess. Cyber Insurance Can Be Vital Tool As Data Breaches Increase. Preparing for a Data Security Breach: Ten Important Steps to Take. Learning To Trust Cloud Security. Bob Gourley.

Adobe 306

Your 2018 Guide To Cyberinsurance Is Here!

Forrester's Customer Insights

Forrester’s 2018 Guide To Cyber Insurance Today, no one is 100% secure – believing otherwise is hubris of Icarian proportions. This reality is a core reason why more organizations are turning to cyber insurance.

Cyber Security and Corporate Governance: The five principles every corporate director should embody

CTOvision

The Internet Security Alliance ( ISA ) is a unique association providing thought leadership and advocacy centered at enhancing cybersecurity. The board and management should assess cyber-risk just like other enterprise-level risks: ensuring a specific determination is made of which aspects of cyber-risk to accept, avoid, mitigate or insure against. Internal audit should leverage external security organizations (my favorite: Cognitio Corp !). By Bob Gourley.

FireHost is Now Armor: featuring an advanced linking intelligence, defense and control focused on customer outcomes

CTOvision

Editor's note: We have watched the market respond to the proactive, well engineered investment in information protection at FireHost, their years of work in enhanced security for customers has made them the market leading provider of highly secure cloud infrastructure. Now known as Armor, these offerings have been enhanced to deliver the best possible security outcomes to customers. - Armor delivers customers true security outcomes.

CIOs Help Banks Prepare For The End Of The World

The Accidental Successful CIO

These two agencies are the Federal Reserve and the Federal Deposit Insurance Corp. The FDIC insures customer deposits which means that customers won’t lose their money in the case of a bank failure. CIOs have to be able to anticipate the worst Image Credit: josef.stuefer.

The FFIEC Cybersecurity Assessment Tool

CTOvision

We have worked with financial institutions and other high risk organization in cyber security assessments for years and generally view more rigor and attention in this domain as a positive thing. Bob Gourley.

Tools 212

Game Change: Three Reasons Why #SonyHack Will Change Security

CTOvision

The White House declares it’s a national security issue and leaks intelligence that North Korea is behind the attack. Most corporate hacks we see are focused on either customer data (credit cards, medical records, social security numbers, passwords, bank account information, email addresses) or company proprietary documents. In a field that is still in its infancy — Information Security — the #SonyHack I believe will emerge as a Game Change moment. By Anup Ghosh.

Leveraging The FFIEC Cybersecurity Assessment Tool (CAT) To Improve Corporate Culture and Raise Security Posture

CTOvision

We have worked with financial institutions and other high risk organization in cyber security assessments for years and have seen first-hand the benefits that the FFIEC approach can provide to organizations. CTO Cyber Security NewsBob Gourley.

Tools 288