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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).

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Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

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How the ransomware explosion is reshaping the cyber insurance market

SC Magazine

Indeed, even as insurance companies push for security best practices among customers, Netenrich Chief Information Security Officer Brandon Hoffman told SC Media in February “it’s hard to tell whether those actually align with best practices or if they somehow fit into their actuarial science conveniently.”.

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Safety first: Will insurance companies stall or accelerate cybersecurity progress?

SC Magazine

. “Cybersecurity is, for many people around the world, still not a clear, tangible concept,” said Patryk Brozek, CEO and co-founder of Fudo Security. The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. These organizations found a shortcut, cyber insurance.

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Episode 158: How NotPetya has Insurers grappling with Systemic Cyber Risk

The Security Ledger

Read Security Ledger coverage of NotPetya here. It exposed gaps in traditional approaches to information security. In this interview, Bruce and I talk about the growing specter of systemic cyber risk and how insurance companies are adapting to that risk. one of the most virulent malware attacks ever.

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How Information Security Breaks The Classic IT Model

Security Boulevard

How Information Security Breaks The Classic IT Model. CEO: “ Due to complications in the market with unexpected changes in product and customer spending, we are going to announce a 20% in headcount, expenses, and capital projects for the remainder of the year.”. How does information security fit into the producer/consumer model?

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Scanning for Flaws, Scoring for Security

Krebs on Security

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? the security posture of vendor partners). ENTIRELY, CERTIFIABLY PREVENTABLE.