Category Archives: Cyber Risk

How regulators and insurance policies are responding to cyber breaches, pre- and post-GDPR

Man in a dress shirt and tie looking at a computer monitor in a darkened office with colleague working behind him

Just how are companies responding to Article 33 of the Global Data Protection Regulation (GDPR), requiring 72-hour notice of a data breach to EU supervisory authorities? And how are the EU data protection authorities viewing compliance? “The loss of personal … Continue reading →

Midyear update: Most dangerous risks for insurers in 2018

Close up of caution tape over a rail

In January, we wrote about 2018’s most dangerous risks for insurers, highlighting what more than 200 insurance managers cited as the top 10 risks to watch for the year. Now that we’re midway through 2018, it’s time to take a … Continue reading →

Want to create a cyber-resilient organization? Start with your board of directors

Man holding a laptop while looking at servers with a female colleague. Both have security badges around their neck

No company — regardless of size or stature — is immune from cyberattack. Given their pervasiveness, it’s no longer enough to have a thorough, carefully constructed plan to mitigate against cyber risk. The thinking “It won’t happen to me because … Continue reading →

Should banks require commercial lending customers to have cyberinsurance?

man sitting at a desk in an office looking at a laptop

In light of increasingly prevalent and highly publicized data breaches, the Federal Financial Institutions Examination Council (FFIEC) recommends that banks require commercial lending customers have cyberinsurance to supplement existing risk management programs. The FFIEC’s statement isn’t a regulatory expectation, but … Continue reading →

Recent nation state cyberattacks: What they mean, and how to respond

man talking on a phone and looking at a tablet

On April 17, 2018, the U.K. and U.S. governments issued an unprecedented statement calling out Russia as the originator of cyberattacks on businesses and public sector organizations during 2017. According to the statement, routers — the devices that direct traffic … Continue reading →

The risks and challenges of silent cyberinsurance

close up of a man looking at a computer screen

You hear a lot about cyberinsurance these days and the need for it, and judging by how busy my cyber colleagues are, there’s no sign of an end to demand any time soon. Less is heard though about the so-called … Continue reading →

Cyber risk mitigation: Best practices for Mutual Fund Directors

man with a dress shirt and tie talking on his cell phone looking at a tablet outside

Cybersecurity continues to be one of the top risk management issues facing mutual fund boards today, with continued scrutiny coming from regulators and investors alike. Potentially facing financial loss and reputational harm from growing threats, stakeholders are taking an even … Continue reading →

Protecting your company from a cybersecurity Meltdown (or Spectre)

Hispanic technician using digital tablet in server room

The latest threat to cybersecurity isn’t a new form of ransomware — it’s a pair of hardware bugs that have the ability to impact virtually any device that has a chip in it – including servers, desktops and mobile devices. … Continue reading →

2018’s most dangerous risks for insurers

red flags on top of rocks by the ocean

One definition of insanity is “doing the same thing and expecting a different outcome.” Well, we asked insurers the same question in December 2017 that we asked in December 2016: What are the most dangerous risks to your company in … Continue reading →

Uma perspectiva CISO: 5 considerações-chaves para defender seu negócio de ameaças cibernéticas

Eu tive recentemente a oportunidade de reunir Tim Orchard e James Hatch da BAE Systems Applied Intelligence em uma discussão em webcast sobre como defender seu negócio contra ameaças cibernéticas. Continue reading →