How do cyber insurer's assess cyber risk?
June 16, 2014, Andrew Barratt, Managing Director, Europe
Last week I presented on risk transfer as a viable risk management option to compliance and security professionals at the Financial Crime Compliance Professionals Conference in London. As mentioned in one of Rick’s earlier blog entries analyzing the Target kill chain, the communication between business professionals in finance and IT is still out of alignment and this was evident again from comments made by the community.
Please make sure you have offline backups
June 11, 2014, Adam Sarote, Director, Coalfire
This ransomware has hit not only personal computers, but also organizations, including a town in New Hampshire. This particular attack was carried out when an employee opened a seemingly legitimate email attachment, once again reminding us of the ever-present danger of social engineering. Read more
The Lesson of eBay
June 02, 2014, Rick Dakin, CEO, Co-founder and Chief Security Strategist
After every major cyber breach, security professionals are asked about the lessons we can learn from them. While the technical details of the eBay attack aren’t yet public, we can already learn lessons about from company’s public statements and its communications to its customers.
What are Insurers really covering?
May 27, 2014, Rick Dakin, CEO, Co-founder and Chief Security Strategist
Across the country, executives and their boards saw the data breaches that occurred at large, well-run retailers and immediately began asking the right questions about their own systems and protections. The challenge for the insurance industry is that the plan for many of these companies seems to be transferring as much risk as possible to insurers, who may not have a full and complete understanding of what they are covering.
Target Kill Chain Analysis
May 07, 2014, Rick Dakin, CEO, Co-founder and Chief Security Strategist
Last week, I talked with Wall Street Journal reporter Ben DiPietro about the persistent communications gap between the data center and the board room when it comes to recognizing and tackling security threats: In almost every breach situation after his company completes a forensic analysis, Mr. Dakin said the chief executive or chief financial officer pulls him aside and says if he had better information earlier he would have made smarter and quicker decisions. “They are intimating that their tech teams are just not talking about cyber risk in terms of business impact.”
But when he speaks with the IT people, Mr. Dakin said he gets a different story, “that my boss just doesn’t get it and we are stuck here with outdated tools, outdated systems and we are not prepared to defend ourselves.”