The final part of Sean Martin’s three part series on cyber insurance dives into determining coverage through analyzing risk in an industry lacking solid actuarial data. To combat this problem,
Mimecast Limited, a leading email and data security company, issued a warning to companies cautioning that their cyber insurance policies may not be fully up-to-date in covering new social engineering
Just a little over a year ago, in one of the most infamous cyberattacks in the United States to date, cybercriminals hacked into the records of the U.S. Office of
Multiple federal agencies, including the Department of Homeland Security (DHS), Department of Defense (DOD), Department of National Intelligence (DNI) and Department of Justice (DOJ), face several deadlines this week regarding
In response to the recent Bangladesh heist, which cybercriminals used international financial telecommunication system, SWIFT, to steal $81 million from the Bangladesh central bank, U.S. regulators have asked banks to
Tech-sector firms, along with the Federal Trade Commission (FTC) are promoting “best practices” regarding cybersecurity for the Internet of Things (IoT), and the FTC is threatening enforcement for inadequate measures
With the average cost of a data breach increasing by about 23 percent over the past two years, according to an IBM sponsored study conducted by Ponemon Institute out of
Since its certification in March, participation in the Cyber Information Sharing Act (CISA) has been going slow, DHS officials say. This new law, which encourages reciprocal sharing of cybersecurity data
Although insurance companies continue to struggle accurately gauging organizations’ cyber risks, primarily due to a lack of actuarial data and risk aggregation, experts claim that cybersecurity rates for most sectors
Congress raised concerns last week regarding the Obama administration’s tendency to avoid assertive action against foreign hackers, claiming the White House has failed to protect the country from large-scale cyber-attacks.
