Sound the Alarm: Keeping Data and Systems Safe From Intruders

Claims data is not enough to understand cyber risks – turning to the technology and security side can present the risk in a clearer light with the use of a wider range of data sources.

Based on Symantec’s 2018 Internet Security Threat Report, there are many considerations and questions to ask regarding technology and security that can help prevent a cyber attack. The aim is to provide a summary of current vulnerabilities, likelihood of being attacked, and ways to avoid attack.

Visit https://www.advisenltd.com/media/infographics/keeping-data-systems-safe/ to learn more and download the full infographic.

CyberCube. | Advisen Ltd. May 2018. Sound the Alarm: Keeping data and systems safe from intruders. [Infographic].

Advisen Panel: Supply Chain Cyber Risks Can’t Be Ignored Any Longer

Supply chain professionals and their risk and insurance partners must consider not only traditional physical risks, but cyber risks as well, guarding their “digital ecosystem” from disruption, according to a panel of experts speaking during an Advisen webinar June 20.

Emphasizing the need to avoid “unforeseen risks” and shift the cyber risk discussion from the IT department to the full enterprise, panelists noted that organizations need to evaluate their dependence on services, deliveries, and materials provided by outside vendors or suppliers and do an impact analysis. Very few businesses operate nowadays without the use of suppliers or vendors, the panel commented.

Erin Ayers, Advisen panel: Supply chain cyber risks can’t be ignored any longer (June 21, 2017), available with subscription at Advisen Cyber Front Page News.

Shipping Losses Drop, But ‘Perfect Storm’ of Maritime Cyber Risks Remain: Allianz

Shipping losses and casualties decreased overall in 2016 by about 16 percent, according to a new report from Allianz Global Corporate and Specialty (AGCS), but Allianz warned that the maritime industry – and their insurers — shouldn’t expect entirely smooth sailing in the future due to regional disparities, regulatory constraints, and cyber risks.

“We continue to see improvements in maritime safety, but the price of safe navigation is constant vigilance,” said Captain Andrew Kinsey, senior marine risk consultant at AGCS. “The maritime sector is entering a period of considerable change and unrest from economic pressures, technology and political factors. There is a perfect storm of increasing regulation and narrowing margins.”

Erin Ayers, Shipping losses drop, but ‘perfect storm’ of maritime cyber risks remain: Allianz (June 14, 2017), available with subscription at Advisen Professional Front Page News.

Congress Paying Close Attention to Cyber Risk to Federal Networks, Critical Infrastructure

Both the US House of Representatives and the Senate have held numerous hearings on cyber issues. The general consensus? The federal government must do more to protect data and systems from an increasingly aggressive cyber threat landscape.

Earlier this week, the House Homeland Security Committee met to discuss the Department of Homeland Security’s efforts to secure federal networks. Chairman Rep. Michael McCaul (R-Texas) commented that legislation would soon be drafted to centralize cybersecurity defense within the DHS.?

Erin Ayers, Congress paying close attention to cyber risk to federal networks, critical infrastructure (April 10, 2017), available with subscription at Advisen Cyber Front Page News.

Aon Unveils Broad Cyber Policy in Response to Client Demand

Aon Risk Solutions this week launched one of the broadest cyber insurance offerings in the market in response to client demand for a single policy to address cyber-related property damage, bodily injury, product liability, vendor and supply chain risk, as well as privacy liability.

According to Stephanie Snyder, cyber practice sales leader for Aon Risk Solutions, the product, called Aon Cyber Enterprise Solution, goes further than existing policies in the market to include not only liability coverage for data breaches, but also risks related to the Internet of Things, system failure, and fines and penalties where allowed by law.

Erin Ayers, Aon unveils broad cyber policy in response to client demand (October 17, 2016), available with subscription at Advisen Cyber Front Page News.

Evolving Cyber Risks for Small Businesses

September 14, 2016
11:00 am – 12:00 pm EDT

Every organization faces cyber risks, from the largest Fortune 100 companies down to the smallest mom-and-pop shops. But small businesses are particularly vulnerable, especially when it comes to collecting customer data and performing online transactions. For a smaller business, the task of preventing, detecting, and remediating system intrusions can seem overwhelming, but there are several relatively easy and affordable best practices that all organizations can and should implement to improve their cyber security posture.

On Wednesday, September 14, join IDT911’s Eduard Goodman, Advisen’s Erin Ayers and a panel of experts as they discuss the steps any small business can take to address their cyber risk effectively.

This free, one-hour webinar is sponsored by IDT911.

For more info and registration for this webinar, visit http://www.advisenltd.com/events/webinars/2016/08/24/evolving-cyber-risks-for-small-businesses/

Advisen Ltd. (2016). Evolving Cyber Risks for Small Businesses [Webinar].

Cyber Vulnerability: Where Do You Stand?

July 2016

Advisen released a white paper featuring the results of a comprehensive cyber study between Advisen and BitSight Technologies focusing on the analysis of the cyber security posture of three industries: Finance and Insurance, Healthcare and Social Assistance, and Public Administration. The study looks into the number of event types by year from 2012 to 2016, the security ratings for cyber insurance by industry, and many other key data.

The free, 17-page paper is sponsored by BitSight Technologies.

A Closer Look at Cyber Events

Numerous reports show that the number of cyber attacks is rapidly growing. According to Symantec’s Internet Security Threat Report, the number of zero-day vulnerabilities discovered more than doubled in 2015, and this year there have been an average of over 4,000 ransomware attacks per day.

Read more and download the white paper here: http://bit.ly/2aBFpOE

Advisen Ltd. (2016). Cyber Vulnerability: Where Do You Stand? [White paper]. Retrieved from http://www.advisenltd.com/2016/07/27/cyber-vulnerability-where-do-you-stand/

Creating Resilience in the Digital Frontier

For most organizations, every aspect of their business relies on computer systems and the Internet. This leaves them vulnerable to cyber crime, but it is impossible to fully defend against every potential threat.

Dynetics’ Robert Dowling, Tim Layton & Associates’ Tim Layton, and Advisen’s David Bradford will discuss a process to identify, quantify and prioritize cyber risks according to an organization’s specific risk profile, risk tolerance levels, and business objectives. They will also talk about a sensible security program that prioritizes cybersecurity investments to ensure the resilience of the most valuable business assets, and identifies where residual risk can be addressed through insurance.

This free, one-hour webinar is sponsored by Dynetics.

For more info and registration for the webinar, visit http://www.advisenltd.com/events/webinars/2016/07/26/creating-resilience-in-the-digital-frontier/

Advisen Ltd. (2016). Creating Resilience in the Digital Frontier [Webinar].

You’re fired!’: Boards channel their inner Trump with poor reporting IT execs

Boards are putting IT and security executives on notice that cybersecurity is an issue they take very seriously. A new report from cyber risk analytics firm Bay Dynamics reveals that nearly 60 percent of board members say an IT security executive will lose their job if they fail to provide useful, actionable information.

According to the study, titled “How Boards of Directors Really Feel About Cybersecurity Reports,” nearly 90 percent of board members say they are very involved in making cyber risk decisions. In fact, 26 percent said cyber risks are their highest priority.

Josh Bradford, ‘You’re fired!’: Boards channel their inner Trump with poor reporting IT execs (June 28, 2016), available with subscription at Advisen Cyber Front Page News.