A new study of the UK cyber risk insurance and broker community reveals startling findings. First and foremost, the insurance industry needs to address non-affirmative cyber in a meaningful way. Second, measurement of cyber risk in financial terms is highly deficient among insurance customers and the insurance industry itself. More than three-quarters (77 percent) of UK cyber…

While some organizations have spent decades fine-tuning their ability to respond to and manage cyber risks, far too many are still playing games with their security strategy. From a cybersecurity perspective, 2017 will go down as a record year for data breaches. The Identity Theft Resource Center (ITRC) reported 1,579 breaches, up 45 percent from 2016. By…

Thirty-five percent of CISOs in the financial sector consider staff training to be the top priority for cyber defense. Twenty-five percent prioritize infrastructure upgrades and network defense. The Financial Services Information Sharing and Analysis Center (FS-ISAC) polled more than 100 of its 7,000 global members to produce the first of its planned annual CISO Cybersecurity…

When Apple introduced the Touch ID fingerprint access button, commentators believed it would kick-start the ever-promising, never-quite-delivering biometric market. But Touch ID was defeated by hackers within days. When Apple introduced the FaceID biometric, the same happened – it was defeated within weeks. In November 2017, F-Secure demonstrated that Android’s Trusted Face Smart Lock can be defeated by…

Chief Information Security Officers are feeling less confident than ever about cyber-risk and data security this year, according to a survey conducted by Ponemon Institute in late 2017. As today’s climate of high-profile data breaches continues, 67% of respondents believe their companies are more likely to fall victim to a cyberattack or data breach in 2018….

Massive data breaches have become the new reality, and they confirm that one of the biggest challenges companies face when it comes to security: a company’s biggest shortcomings are often not apparent until data breaches or other emergencies occur. As a result, adequately preparing for the worst and getting employees at every level of the company to give security…

What makes a good cyber risk advisor? What skills do they need to help board directors address cybersecurity? According to a report by BayDynamics, board directors “may not be experts in security, but they do know how to steer a business away from risk and toward profit by listening to subject matter experts. However, they expect…

Americans believe criminal hacking into computer systems is now a top risk to their health, safety and prosperity. Criminal hacking, a new ESET survey finds, outranks other significant hazards, including climate change, nuclear power, hazardous waste, and government surveillance. The survey was conducted by ESET security researchers, and asked randomly selected adults to rate their…

Many people in the security industry today grew up watching “Star Trek,” from the original episodes to Next Generation, Deep Space Nine, Voyager, Enterprise and the many other series that followed. In anticipation of the upcoming “Star Trek: Discovery” series, we thought it would be a good time to remind our readers that, beyond the…