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What is Cybersecurity Risk Management?

eSecurity Planet

Risk management is a concept that has been around as long as companies have had assets to protect. Risk management also extends to physical devices, such as doors and locks to protect homes and vehicles, vaults to protect money and precious jewels, and police, fire, and CCTV to protect against other physical risks.

Risk 145
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Merck Wins Insurance Lawsuit re NotPetya Attack

Schneier on Security

billion in business interruption losses from the Notpetya cyber attack of 2017 which were claimed against “all risks” property re/insurance policies providing coverage for losses resulting from destruction or corruption of computer data and software. Merck suffered US$1.4

Insurance 174
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Montenegro and its allies are working to recover from the massive cyber attack

Security Affairs

According to the media, the critical infrastructure of the country, including banking, water and electrical power systems are at high risk. Government officials attribute the attack to pro-Russian hackers and to Russian security services. Coordinated Russian services are behind the cyber attack,” the ANB said in a statement.

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Lessons From the 2023 National Risk Register Report  

IT Security Guru

The 2023 Edition of the National Risk Register predicts that, in the next two years, there is a 5 to 25% chance that a devastating attack will target critical infrastructure and cause physical harm. FMIs are considered high-profile targets for cybercriminals, and as such, must be resilient to significant cyber incidents.

Risk 96
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Merck settles with insurers regarding a $1.4 billion claim over NotPetya damages

Security Affairs

billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. In August 2017, the pharmaceutical company revealed that the massive NotPetya cyberattack disrupted its worldwide operations. Merck filed a $1.4

Insurance 119
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Cyber Law: Does Diplomatic Immunity Apply to Cyber Attacks?

SecureWorld News

In the latter half of 2017, Qatar retained the New York-based firm of Global Risk Advisors LLC ('GRA') to coordinate that effort, and GRA thereafter introduced Qatar 'to cyber mercenaries in various countries to coordinate technical aspects of the illegal intrusion.' Diplomatic immunity: does it apply to cyber attacks?

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Hackers lodge war with the Maritime sector by hitting DNV Shipmanager Software

CyberSecurity Insiders

Although such automated tools help to cut down cyber risks, they also create complex visibility hiccups because of a shortage for the trained workforce. Latest attack on Classification Society DNV software stands as a best example.

Software 126