CYBER RISK INSURANCE A Resource Guide for Actuaries

May 27, 2019

According to the 2018 Allianz Risk Barometer report, cyber risk is the No. 1 concern for risk managers in the United States. It is a risk that impacts everyone—from individuals to small businesses to large Fortune 100 corporations. As the world continues to become more digital, and more people, organizations, and the devices that they own become connected, the risk of cybercrime will continue to rise. The number of “internet of things” (IoT) devices—estimated to number roughly 20 billion in 2018—is projected to grow rapidly to over 70 billion by 2025, increasing the attack surface and providing attackers with additional opportunity to carry out large-scale attacks. As a result of the global digitization and the increasing capabilities of malicious cyber actors, the costs of cybercrime have continued to rise, and are estimated to have topped $600 billion in 2017.

Spotlight

Bayshore Networks

Bayshore Networks® is the cybersecurity leader for the Industrial Internet of Things. Our award-winning, patented IT/OT Gateway platform provides IT departments with unprecedented visibility into OT operations. The Bayshore platform enables Fortune 1000 industrial and enterprise customers to rapidly build and execute policies for OT cybersecurity, secure M2M communications, manufacturing operations, and robotics automation. The Bayshore platform deploys from the cloud, as a virtual machine, or as a gateway hardware appliance. Bayshore has strategic partnerships with leading technology companies including Cisco Systems and BAE Systems.

OTHER WHITEPAPERS
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Nasuni Access Anywhere Security Model

whitePaper | December 20, 2022

The Nasuni Access Anywhere add-on service delivers high-performance, VPN-less file access for remote and hybrid users, integrates an organization’s file shares with Microsoft Teams, and provides productivity tools such as desktop synchronization and external file and folder sharing to enhance user productivity and provide access to files seamlessly from anywhere on any device. This white paper outlines the security elements of the Nasuni Access Anywhere service.

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Darktrace Cyber AI Analyst: Autonomous Investigations

whitePaper | February 9, 2023

This white paper examines the technology and design principles behind Darktrace's Cyber AI Analyst, a groundbreaking innovation that automates threat investigations at speed and scale.

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The Economic Impact of Cyber Attacks

whitePaper | December 29, 2022

Businesses make up the core of an economy. And cyberattacks are among the topmost risks faced by any business organization irrespective of its size and domain of operation. Therefore, it is well established that cyber-attacks have a significant economic impact. Most of the attacks and breaches are financially motivated.

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Apple Platform Security

whitePaper | May 26, 2022

Apple designs security into the core of its platforms. Building on the experience of creating the world’s most advanced mobile operating system, Apple has created security architectures that address the unique requirements of mobile, watch, desktop, and home.

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Zero Trust Maturity Model

whitePaper | April 28, 2023

The Cybersecurity and Infrastructure Security Agency (CISA) leads the nation’s effort to understand, manage, and reduce cybersecurity risk, including by supporting Federal Civilian Executive Branch agencies in evolving and operationalizing cybersecurity programs and capabilities. CISA’s Zero Trust Maturity Model (ZTMM) provides an approach to achieve continued modernization efforts related to zero trust within a rapidly evolving environment and technology landscape. This ZTMM is one of many paths that an organization can take in designing and implementing their transition plan to zero trust architectures in accordance with Executive Order (EO) 14028 “Improving the Nation’s Cybersecurity” § (3)(b)(ii),1 which requires that agencies develop a plan to implement a Zero Trust Architecture (ZTA). While the ZTMM is specifically tailored for federal agencies as required by EO 14028, all organizations should review and consider adoption of the approaches outlined in this document.

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2022 Cyber Security Report

whitePaper | July 25, 2022

The past twelve months represents one of the most turbulent and disruptive periods on record, at least as far as security is concerned. As governments and businesses around the world continued to navigate the uncharted waters of a global pandemic, the so-called “new normal” still felt a long way off. Digital transformation efforts were dramatically accelerated as businesses embraced hybrid and remote working arrangements, but the same questions around security maturity that plagued many businesses in 2020 persisted through 2021.

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Spotlight

Bayshore Networks

Bayshore Networks® is the cybersecurity leader for the Industrial Internet of Things. Our award-winning, patented IT/OT Gateway platform provides IT departments with unprecedented visibility into OT operations. The Bayshore platform enables Fortune 1000 industrial and enterprise customers to rapidly build and execute policies for OT cybersecurity, secure M2M communications, manufacturing operations, and robotics automation. The Bayshore platform deploys from the cloud, as a virtual machine, or as a gateway hardware appliance. Bayshore has strategic partnerships with leading technology companies including Cisco Systems and BAE Systems.

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