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

Wombat Security Technologies

At Wombat Security, our mission is to deliver software-based cyber security awareness and training solutions that help your employees understand the risks associated with poor cyber hygiene and subsequently change their behaviors to strengthen your organization’s security posture. Our Continuous Training Methodology takes a 360-degree approach to security education, and customers who have implemented our programs have reduced successful phishing attacks and malware infections by up to 90%. With several million users across North America, Europe and Asia, we have established ourselves as a global leader in security awareness and training. And independent research by the Aberdeen Group has proven that our four-step methodology can reduce employee-related security risks and business impact by up to 60%.

OTHER WHITEPAPERS
news image

Cybersecurity: Experience and best practices during COVID-19 pandemic

whitePaper | July 6, 2020

With this white paper focused on the emerging cyber threat that we world is facing during the COVID-19 crisis, NETIA wish to share his experience, his initiatives and his knowledge on those topics.

Read More
news image

Scenarios for the Future of Cybercrime - White Paper for Decision Makers

whitePaper | January 28, 2020

Project 2020 is an initiative of the International Cyber Security Protection Alliance (ICSPA). Its aim is to anticipate the future of cybercrime, enabling governments, businesses and citizens to prepare themselves for the challenges and opportunities of the coming decade. It comprises a range of activities, including common threat reporting, scenario exercises, policy guidance and capacity building.

Read More
news image

How to Reduce the Risk of Phishing and Ransomware

whitePaper | March 21, 2021

Cybersecurity challenges abound for organizations across the world. The tsunami of phishing attacks that threaten account compromise, data breaches and malware infection remains a critical threat to neutralize. Ransomware is a second critical threat, with a well-played ransomware attack capable of bringing an organization to a complete halt, and in some cases putting it out of business permanently (e.g., Travelex1 and Vastaamo2.

Read More
news image

Fortinet Security Fabric Enables Digital Innovation

whitePaper | February 5, 2020

Organizations are rapidly adopting digital innovation (DI) initiatives to accelerate their businesses, reduce costs, improve efficiency, and provide better customer experiences. Common initiatives involve moving applications and workflows to the cloud, deploying Internet-of-Things (IoT) devices on the corporate network, and expanding the organization’s footprint to new branch locations. With this evolving infrastructure also come security risks. Organizations must cope with growing attack surfaces, advanced threats, increased infrastructure complexity, and an expanding regulatory landscape. To accomplish their desired DI outcomes while effectively managing risks and minimizing complexities, organizations need to adopt a cybersecurity platform that provides visibility across their environment and a means to manage both security and network operations easily.

Read More
news image

PROMOTING BETTER CYBERSECURITY

whitePaper | December 18, 2019

The Ohio Data Protection Act (“ODPA” or the Act), came into force on November 2, 2018.1 The Act seeks to improve cybersecurity among Ohio businesses. It does so by providing an affirmative defense against tort claims arising from a data breach to businesses that can demonstrate they have implemented a qualifying cybersecurity program that reasonably conforms to one of ten specified cybersecurity frameworks and met certain other safeguards specified in the Act.

Read More
news image

Recommended Criteria for Cybersecurity Labeling of Consumer Software

whitePaper | February 4, 2022

Software is an integral part of life for the modern consumer. Nevertheless, most consumers take for granted and are unaware of the software upon which many products and services rely. From the consumer’s perspective, the very notion of what constitutes software may even be unclear. While enabling many benefits to consumers, that software that is, software normally used for personal, family, or household purposes can also have cybersecurity flaws or vulnerabilities which can directly affect safety, property, and productivity.

Read More

Spotlight

Wombat Security Technologies

At Wombat Security, our mission is to deliver software-based cyber security awareness and training solutions that help your employees understand the risks associated with poor cyber hygiene and subsequently change their behaviors to strengthen your organization’s security posture. Our Continuous Training Methodology takes a 360-degree approach to security education, and customers who have implemented our programs have reduced successful phishing attacks and malware infections by up to 90%. With several million users across North America, Europe and Asia, we have established ourselves as a global leader in security awareness and training. And independent research by the Aberdeen Group has proven that our four-step methodology can reduce employee-related security risks and business impact by up to 60%.

Events