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

Sentinel IPS

Sentinel's managed intrusion detection and prevention systems relieve the burden of security for businesses. Our active threat management system is based on collective intelligence gleaned from Sentinel devices in the field and other trusted InfoSec sources. This system allows us to effectively identify and take care of a variety of network attacks including ransomware and malware.

OTHER WHITEPAPERS
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Secure by Design: Lexmark Print Devices

whitePaper | October 27, 2022

As organizations enhance the security of their infrastructure and move towards security methodologies and strategies, such as, Secure Access Service Edge (SASE), defense in depth, assume breach, and zero trust to provide tighter access controls, the print infrastructure must also adapt. It must become a strategic initiative to secure the print infrastructure and consider both internal and external threats. Data has become a cornerstone for innovation and has become a company's most valuable asset. Some of the challenges that companies face are inadequate security practices and too much data to manage. It is important to remember that security is not a solo sport, and as a community, we are stronger together.

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Cloud Native Security Model

whitePaper | December 23, 2022

Moving to the cloud is more than a technical transition to a new platform. It is a core part of an enterprise's growth strategy and while strategically important, it can also be potentially disruptive.

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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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Dispatcher Phoenix Security

whitePaper | December 16, 2022

The advancement of technology has transformed the MFP into a key element of a company’s document infrastructure and workflow; however, as the role of the MFP has changed, the risk of security breaches has increased as well. Ensuring document confidentiality, allowing for system authentication, and providing clear audit trails are now necessities in every document-intensive industry. The objective of this white paper is to describe how Konica Minolta’s Dispatcher Phoenix software application helps organizations comply with their security requirements.

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INDUSTRIAL CYBER RISK MANAGEMENT

whitePaper | May 21, 2021

Critical infrastructure owners and operators have managed industrial risk for hundreds of years. This risk is usually measured in impact to health, safety, and reliability. As these industrial systems become increasingly digitized, so does the risk. What were once seen as isolated, manual processes have become reliant on communication networks and digital devices.

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2023 Hybrid Cloud Security Survey

whitePaper | June 26, 2023

While we are witnessing a modest slowdown in cloud migration due to rising costs and economic uncertainty, it remains that a multitude of organizations now have a hybrid infrastructure in place. According to Forrester analysts,1 this is deemed very much the norm and reports show 72 percent of organizations exist in the hybrid cloud.2 This is because enterprises will likely have paired their own data center/private cloud with one or more public clouds as a result of acquisition or to reap a number of benefits: Cisco, for example, identified 42 percent of organizations believe they achieve a more agile and scalable development environment within the hybrid cloud, alongside 40 percent who realize accelerated business agility and innovation.3

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Spotlight

Sentinel IPS

Sentinel's managed intrusion detection and prevention systems relieve the burden of security for businesses. Our active threat management system is based on collective intelligence gleaned from Sentinel devices in the field and other trusted InfoSec sources. This system allows us to effectively identify and take care of a variety of network attacks including ransomware and malware.

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