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A Cyber Insurance Backstop

Schneier on Security

In his discussion of a potential backstop, Chertoff specifically references the Terrorism Risk Insurance Act (TRIA) as a model. 11, 2001, terrorist attacks. It also created the Terrorism Risk Insurance Program (TRIP), a public-private system of compensation for some terrorism insurance claims. But, so far, the U.S.

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It’s not ‘See you later.’ It’s ‘Goodbye’: Moving on from Tokenization in the age of Ransomware

CyberSecurity Insiders

Tokenization was invented a little over twenty years ago in 2001 to address the risk of losing cardholder data from eCommerce platforms. Transactions could now flow through entire financial workflows without risking payment card compromise. It does not matter that the victims have their backup and recovery systems in order.