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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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CISA JCDC Will Focus on Energy Sector

Security Affairs

The JCDC has seen the benefits of collaboration for exigent risks (such as the heightened awareness and protection related to Russia’s invasion of Ukraine and the Log4Shell vulnerability) but sees a remaining gap when it comes to imminent risk. To address this gap, the JCDC is planning proactive measures for future cyber risks.

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‘Everyone’s half asleep, and bosses don’t want trouble’: The struggle to secure utilities

SC Magazine

Padraic O’Reilly, co-founder of cyber risk firm CyberSaint, shared insights with SC Media, having worked directly with water systems, electric providers, energy companies and other utilities to assess cyber risk and prevent cyberattacks. Understanding your risk is something that you have to do.

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Scanning for Flaws, Scoring for Security

Krebs on Security

For years, potential creditors have judged the relative risk of extending credit to consumers based in part on the applicant’s credit score — the most widely used being the score developed by FICO , previously known as Fair Isaac Corporation. Data accidentally released by FICO about the Cyber Risk Score for ExxonMobil.

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Turn Out the Lights, the Cyber Attack Is Over. Not Quite

SecureWorld News

Due to the attack, thousands of street lamps remained illuminated throughout the day, wasting significant energy and money. The better you understand these risks, through your assessment phase, the better job you can do in protecting against them and in planning for them." However, the lighting issue was just the tip of the iceberg.

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Ask the Expert: What are ways we can balance / reduce the workload of the various audit and compliance exercises?

Security Boulevard

Michael DeLoach, Solution Consultant at Iceberg Networks and Mitch Blackburn, Global Head of Energy & Utilities Industry Solutions at ServiceNow discuss how organizations within the energy industry can balance the workload associated with audit and compliance exercises.

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NIS2 Framework: Your Key To Achieving Cybersecurity Excellence

Centraleyes

Risk Assessment: Perform a comprehensive risk assessment related to network and information systems. Supply Chain Security: Assess the security of your supply chain and establish third-party risk management procedures. Essential entities ” span sectors such as energy, healthcare, transport, and water.