Remove 2016 Remove Accountability Remove Cyber Attacks Remove Cyber Risk
article thumbnail

Q&A: NIST’s new ‘Enterprise Risk Management’ guidelines push cyber risks to board level

The Last Watchdog

Enterprise risk management (ERM) is a comparatively new corporate discipline. The basic notion is that in today’s complex operating environment, it is important for businesses to proactively identify operational hazards and have a plan in place to account for them. I had the chance to drill down on this with Clinton.

article thumbnail

Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. In addition, the U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Fitch Ratings: Cyberattacks could pose a material risk to water and sewer utilities

Security Affairs

Fitch Ratings published an alert last week to warn of the “material risk” to water and sewer utilities caused by cyber attacks that could also impact their ability to repay debt. The expenses to mitigate a cyber-attack could impact the ability of the utilities of paying their debt. ” concludes the alert.

Risk 109
article thumbnail

NEW TECH: A couple of tools that deserve wide use — to preserve the integrity of U.S. elections

The Last Watchdog

First, there’s a tool called the Rapid Cyber Risk Scorecard. NormShield, the Vienna, VA-based, cybersecurity firm that supplies this service, recently ran scores for all of the 26 declared presidential candidates — and found the average cyber risk score to be B+.

article thumbnail

As market for cyber insurance booms, watchdog calls for better data

SC Magazine

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

article thumbnail

Cyber Insurance Premiums Suddenly Surging

SecureWorld News

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. Cyber-specific policies.

article thumbnail

Cyber Security Combo: Big Data, Machine Learning and AI

Spinone

Predict Cyber Threats Before an organization attempts any security measures, it is wise to weigh up the risks to map the weak areas and to focus attention at its Achilles’ heel. There is a huge difference between raw data collected and meaningful insights that can benefit enterprises in their attempt to prevent cyber attacks.