With cyber-attacks ramping up and up since the international pandemic, the need for proper cyber protection and cyber insurance coverage is taking on a new meaning, as well as many other business risk factors.[1] With all the current business concerns in an ever-changing US administration priorities, the corporate risks and vulnerabilities are closely coupled with cyber security matters. As an example, fossil fuel-energy companies and drug developers are among the most common issuers updating
cyber insurance (5)
As cyberattacks rise, so does the call by business leaders and shareholders to be ready to respond to a cyber incident. Cyber insurance and a solid Incident Response plan are two critical components to make your company resilient.
Cyber attorney Shawn Tuma says one of these things is likely to influence the other, which surprises many organizations and may surprise you. Tuma is Co-Chair of the Data Privacy and Cybersecurity Practice at law firm Spencer Fane, www.spencerfane.com.
Tuma explains
Artificial Intelligence (AI) has been viewed as the right answer to all our questions for the past few years. AI, like a lot of technology, can be used for both Good and Evil. This article explores how AI is being used on both sides of the fight.
Link to the full report: TR-20-054-001_AI hazards.pdf
As of January 1, 2020, California became the first state to permit residents whose personal information is exposed in a data breach to seek statutory damages in amounts ranging from $100-$750 per incident, even in the absence of any actual harm, with the passage of the California Consumer Privacy Act (“CCPA”). The class actions that follow are not likely to be limited to California residents, but will also include non-California residents pursuing claims under common law theories. At Red Sk
It is getting more expensive for organizations that are victims of ransomware attacks to recover. The average cost more than doubled in the final quarter of 2019. According to a recent report, an average total cost of negotiation, remediation and ransom payment is $84,116. This amount is almost double the previous figure of $41,198.
This increase is not only the result of cybercriminals demanding higher ransom amounts, but the increase in the number of victims who are willing to pay the ranso
