Business Leaders Ramp Up Efforts on Cybersecurity – PwC Survey

Global executives across all industries agree that maintaining a proactive cybersecurity posture has become a key to business success, and their actions now indicate that they plan to meet the risk head on by preventing and detecting cyber threats, according to Pricewaterhouse Coopers’ recent Global State of Information Security survey.

“Many executives are declaring cyber as the risk that will define our generation,” said Dennis Chesley, Global Risk Consulting Leader for PwC. “As a result, businesses are taking an enterprise-wide business-oriented view of this important risk area.”

Read more at http://www.advisenltd.com/2015/10/14/business-leaders-ramp-up-efforts-on-cybersecurity-pwc-survey/

Ayers, Erin. ‘Business leaders ramp up efforts on cybersecurity – PwC survey’. ©2015 Advisen Ltd. 30 October 2015.

Directors Need to Take Their Cybermetrics

Companies tend to narrowly focus on IT risks that are limited to personally identifiable information and the related systems that protect such information.

But that is only a part of the discussion that should be happening in the boardroom, according to a report by PwC.

Read more at http://www.advisenltd.com/2015/10/15/directors-need-to-take-their-cybermetrics/

Chapman, Cate. ‘Directors need to take their cybermetrics’. ©2015 Advisen Ltd. 28 October 2015.

Where’s the Beef?

The Justice Dept. has sued Nebraska Beef Ltd. for failing to comply with the terms of a settlement agreement that the parties entered to resolve a civil rights investigation.

The complaint alleges that Nebraska Beef entered into a settlement agreement with the Justice Dept. on Aug. 24, 2015, to resolve the department’s investigation into whether the Omaha-based company was discriminating against work-authorized non-citizens, the DOJ said in an Oct. 13 press release.

Read more at http://www.advisenltd.com/2015/10/14/wheres-the-beef/

Chapman, Cate. ‘Where’s the beef?’. ©2015 Advisen Ltd. 26 October 2015.

New study, recent criminal conviction sheds light on the ‘malicious insiders’ threat

While large cyber attacks and data breaches may get the headlines, a recent study prepared by the Ponemon Institute and Hewlett-Packard and a recent criminal conviction of a Los Angeles Times reporter that disclosed corporate passwords on a hacker website serve as additional reminders that “malicious insiders” still pose the largest security threat to an organization.

Ponemon Institute/Hewlett-Packard Study: Malicious Insiders Can Cause the Most Serious Cyber Incidents

The Ponemon Institute and Hewlett-Packard (HP) published the study, “2015 Cost of Cyber Crime Study: Global,” which provides insight into the increasing frequency and costs of cyber attacks against governments and businesses around the world.

Read more at http://www.advisenltd.com/2015/10/13/new-study-recent-criminal-conviction-sheds-light-on-the-malicious-insiders-threat/

Rowe, Todd. ‘New study, recent criminal conviction sheds light on the ‘malicious insiders’ threat’. ©2015 Advisen Ltd. 23 October 2015.

2015 Cyber Risk Insights Conference – New York

http://www.advisenltd.com/events/conferences/2015/10/20/2015-cyber-risk-insights-conference-new-york/ The WORLD’S LARGEST Cyber Risk event for P&C Professionals is a one day program that will feature the top experts in the cyber insurance space. 

U.S. Senator Presses Experian for Info on T-Mobile Breach

The top ranking Democrat on the U.S. Senate Banking Committee pressed data collection and credit firm Experian for information on the recent data breach that exposed the personal details of around 15 million T-Mobile customers, hinting that Experian’s credit monitoring and identity theft resolution services should be questioned for effectiveness.

Sen. Sherrod Brown (D-OH) wrote to the company, “Experian has files on more than 220 million people. Protection of this information is of the utmost importance, especially because the scope of the information is vast and virtually no consumer can apply for credit without entering your system.

Read more at http://www.advisenltd.com/2015/10/15/u-s-senator-presses-experian-for-info-on-t-mobile-breach/

Ayers, Erin. ‘U.S. senator presses Experian for info on T-Mobile breach’. ©2015 Advisen Ltd. 21 October 2015.

Cyber Loss: Your Data May Not Be As Immune As You Think

The healthcare industry had more than its fair share of cyber incidents in 2014. Among the biggest health data breaches involved Community Health System, Sutherland Healthcare Solutions, and Touchstone Medical Imaging. 

2015 is also shaping up to be another bad year as a spate of cyberattacks were reported for the UCLA Health System, Premera BlueCross BlueShield, Anthem, and many other health institutions.

Read more at http://www.advisenltd.com/2015/10/15/cyber-loss-healthcare-data/

Advisen Ltd. ‘Cyber Loss: Your data may not be as immune as you think’. ©2015 Advisen Ltd. 19 October 2015.

Can Statistics Be Used To Predict Data Breaches?

As the East Coast closely watched meteorologists’ models and predictions to prepare for Hurricane Joaquin, it may be a good time to consider the role of using statistics and models to predict the next data breach.

A recent study entitled Hype And Heavy Tails: A Closer Look At Data Breaches uses statistics and modeling to call into question how we view data breaches. Despite the increase in media reports on data breaches since 2005, the statistical models in this study suggest large-scale data breaches, such as those seen with Anthem and Home Depot, may actually be decreasing.

Read more at http://www.advisenltd.com/2015/10/08/can-statistics-be-used-to-predict-data-breaches/

Rowe, Todd. ‘Can statistics be used to predict data breaches?’. ©2015 Advisen Ltd. 16 October 2015.

US-EU Safe Harbor decision raises uncertainty, data privacy concerns

The U.S.-EU Safe Harbor agreement, used since 2000 by multinational companies for legally transferring data owned by European Union citizens to the U.S., is invalid, due to the determination by the EU’s Court of Justice that the United States may provide government access to private citizen data.

Privacy experts say that the decision thrusts businesses that rely upon the Safe Harbor to move data freely around the globe into a state of uncertainty, with the possibility of examinations of company privacy practices, potential lawsuits, and added costs of developing alternatives to the agreement.

Read more at http://www.advisenltd.com/2015/10/08/us-eu-safe-harbor-decision-raises-uncertainty-data-privacy-concerns/

Ayers, Erin. ‘US-EU Safe Harbor decision raises uncertainty, data privacy concerns’. ©2015 Advisen Ltd. 14 October 2015.