Analysis – Page 13
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Analysis
ICO fines British Airways £20m for data breach
It is the Information Commissioner’s biggest data breach fine to date and falls under the GDPR regime
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Cyber insurance transparency key to growth
PCS has launched a new data set to help the cyber insurance sector manage risk and capital more effectively
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H&M hit with record-breaking GDPR fine
The Swedish fashion house has been fined over €35m for breaching EU GDPR laws in a landmark ruling
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COVID-19 is fuelling cyber losses
Risk professionals believe the cause of losses will be divided almost evenly between data breach, ransomware, and business interruption
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Twitter hack exposes potential for reputational harm
The confluence of COVID-19 and advanced social engineering techniques poses a growing threat - CyberCube
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Shipping losses at record low
Consequences of coronavirus and a sustained economic downturn could however threaten long-term safety improvement
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Cybercrime to cost global economy $6 trillion by 2021
UK, Germany and France among the countries most targeted by significant cyber attacks between 2006 and 2020 - Specops
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Cost of third-party incident up to $1 billion - Deloitte
Losses associated with supply chain failure, data privacy breach or disruption to IT services have at least doubled in the last five years
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Firms must change cyber security approach
The traditional approach to cyber security must be replaced by something that is more user-centric - Aon and CyberCube
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FERMA survey highlights digital and climate risks
Risk managers’ rising status offers new opportunities for them to influence the C-Suite - FERMA
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Firms urged to consider cyber risk as offices reopen
“The focus is on opening safely and a top priority is an organisation’s cybersecurity and data governance needs” - BSI
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COVID-19 creating “ideal conditions” for ransomware
CyberCube warns that organised criminals and hackers are moving away from “high volume, low-value” methods of attack
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Covid-19: Home working heightens cyber risk
With remote working being encouraged by many governments during the Covid-19 pandemic, businesses are being urged to think about the heightened cyber risk they may face as a result.
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Insurance experts rank cybercrime as top risk for 2020
Cybercrime, disruptive technology and pricing are the top three most dangerous risks, according to a new Willis Towers Watson survey of more than 100 insurance industry executives
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Five tips to boost your cyber security in 2020
This week, StrategicRISK caught up with Adam Selwood, co-founder of Cynch Security, to get his thoughts on where risk managers should be focusing their attention in 2020.
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Why manufacturers need to plan for a new risk environment
Risk managers must make sure that supply chain and organisational risks do not fall by the wayside amid pressures from cyber and political threats
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Government cyberattacks on the rise
Governments worldwide are vulnerable to cyberattacks, though the associated risks to their credit quality are limited, according to a new report from Moody’s
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Ransomware attacks on cities are rising – authorities must stop paying out
A ransomware campaign that targeted 23 US cities across Texas has raised serious concerns about the vulnerability of local governments and public services to cyber-attacks, writes David S. Wall, professor of Criminology, University of Leeds
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Ransomware could displace data theft as leading cyber risk
Ransomware attacks are becoming more targeted, with greater ransoms being sought
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Ransomware: how do kidnap policies and cyber insurance compare?
Cyber attackers might use ransomware to threaten and demand different things, with differing consequences for claiming with a cyber or K&R policy