In today’s cyber security environment, organizations always strive for getting the best return on investment when shopping for cyber insurance. Companies desire low-cost policies without accurately assessing risk. Insurers want low risk and to cover as little as possible. How did we get here and where do we go?
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
A data breach on consumer lender TMX and its subsidiaries Titlemax, Titlebucks, and Instaloan leaked the personal information, including social security numbers, of 4.8 million customers.
Today’s modern enterprise is struggling with three key data challenges: the immense growth in how much data an organization must manage,, the massive migration of data to the cloud, and that business-critical data worth protecting now takes a myriad of forms.
Capita is one of the biggest outsourcing services provider for the UK national government with about £6.5 billion in annual contracts. Cyber attack has raised concerns due to the company's relationships with the UK military, National Health Service (NHS) and numerous other government agencies.
World’s fourth-largest generic drugs manufacturer Sun Pharmaceuticals disclosed a ransomware attack that compromised some of its file systems.
A number of Dutch market research firms using a piece of industry software called Nebu have been breached, and the fallout appears to include about two million Netherlands residents. The data breach seems to mostly consist of contact information, but also includes income data.
The new FDA terms will have manufacturers submit a plan with new applications that demonstrates how they will monitor, identify and address cybersecurity issues, along with "reasonable assurances" that the medical devices are protected from cyber attacks.
Clop ransomware has breached dozens of organizations, including the City of Toronto, Virgin Red, and Pension Protection Fund via the GoAnywhere vulnerability.
In military parlance, the phrase “when the balloon goes up” refers to the moment when hostilities with an adversary are imminent. The Chinese spy balloon that sailed over the continental United States signifies something different: a vast—and increasingly brazen—penetration of American networks and communications systems.
The Vulkan Files revealed insight into Russian cyberwar plans and strategies and that company engineers work directly for Russian military and intelligence outfits and train state-backed hackers, run disinformation campaigns and provide support for cyber attacks.










