CYBER RISKS
Working from home can be precarious. The household printer is upstairs and the dog lives under my desk, so its not a stretch to imagine a scenario where I trip over the dog and/or slip on the stairs as I run up to retrieve a document.
MONTE CARLO, Monaco The market for cyber liability reinsurance is stable but is unlikely to grow significantly until more sophisticated underwriting tools are developed to assess the risks, reinsurance leaders say.
Working from home can be precarious. The household printer is upstairs and the dog lives under my desk, so its not a stretch to imagine a scenario where I trip over the dog and/or slip on the stairs as I run up to retrieve a document.
MONTE CARLO, Monaco The market for cyber liability reinsurance is stable but is unlikely to grow significantly until more sophisticated underwriting tools are developed to assess the risks, reinsurance leaders say.
Suspected Chinese hackers tampered with widely used software distributed by a small Canadian customer service company, another example of a supply chain compromise made infamous by the hack on U.S. networking company SolarWinds.
Around $22 trillion of global debt rated by Moodys has a high or very high exposure to the risk of cyberattack, the ratings agency said in a report on Thursday, with hospitals and utilities seen at the greatest risk.
Business and media publication Fast Company said it shut down its website Tuesday evening after the site was hacked and sent obscene and racist notifications to Apple users via the iPhone makers Apple News service.
Business and media publication Fast Company said it shut down its website Tuesday evening after the site was hacked and sent obscene and racist notifications to Apple users via the iPhone makers Apple News service.
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Careful planning, education, and identifying a key person with accountability and responsibility, are among the steps risk managers at health care institutions can take to minimize data security problems.
Factors including stringent federal and state regulations, widespread dissemination of patient data and a growing black market for patient medical information make health care institutions particularly vulnerable to data breaches.
The widespread use of third-party providers, and the relative lack of control over them, is a major contributing factor to data breaches involving health care institutions.
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The threat of reputational damage through social media is the greatest digital risk for businesses, according to a study of European risk managers.
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