July 13, 2016
While cyber insurance policies are popular, and can be an effective risk-mitigation tool, we have advised clients to be cautious, to evaluate policy language carefully, and to anticipate coverage disputes. Recent cases bear this out: it is critically important that the language in the policy cover, without exclusion, the key losses anticipated by the insured. […]
Read more
July 7, 2016
Based on the prevalence of the scam, some security experts have called 2016 “the year of ransomware,” yet a new survey shows most businesses don’t budget extra funds to regain access after a ransomeware attack. The survey, conducted by data security firm IDT911, found that 65 percent of respondents currently do not, nor plan to, […]
Read more
June 16, 2016
Is your company exposed to significant cyber risk? If not, you’re in the minority, according to a new report from RSA. For the second year in a row, RSA, The Security Division of EMC, found that 75 percent of 878 survey respondents across 81 countries have significant cybersecurity risk exposure. There was, however, at least […]
Read more
June 13, 2016
Based on news reports, ransomware attacks appear to be growing in popularity, and a new study seems to confirm that they have become the scam of choice among hackers. In the first quarter of 2016, 93 percent of phishing emails contained ransomware, according to a recent report from PhishMe, a phishing-defense solutions provider. The company […]
Read more
May 18, 2016
Ransomware has overtaken advanced persistent threat network attacks as the most frequent cyber threat, according to security firm Kaspersky Lab, and it doesn’t appear to be slowing down as authorities have had a hard time combating the viruses. A recent Kaspersky report revealed that there were 2,900 new ransomware modifications detected between January and March of 2016, […]
Read more
May 5, 2016
Almost half of all American companies find themselves without cyber security insurance, according to a recently released study measuring the cyber preparedness of global companies. The study was done by security consultant NTT Com Security. Forty-nine percent of U.S. based companies admit to being without specific insurance dedicated to protecting their information against a cyber-attack. Despite […]
Read more
April 29, 2016
It was a three-peat for the University of Central Florida, as the school was once again crowned champion of the National Collegiate Cyber Defense Competition. More than 180 institutions from across the U.S. participated in the competition, with the top 10 battling again in the finals, held April 22-24 in San Antonio. There, each school was responsible […]
Read more
April 19, 2016
Almost all the top American computer science programs fail to prepare their students for a cyber security attack, according to a recent study released by Cloud Passage. The study measured the computer science and engineering programs at 121 American institutions, including all 50 of the top ranked computer science schools in the 2015 edition of […]
Read moreA cyber security “accountability gap” is appearing in corporations around the world as executives are becoming more vulnerable to cyber security attacks than other company employees, according to a recently released report titled Accountability Gap: Cybersecurity and Building a Culture of Responsibility. The report was produced by the Institute of Management Studies, Goldsmiths, University of London; […]
Read moreNinety percent of IT professionals in the federal government feel their organizations are vulnerable to a cyber security attack, according to a recent report by Vormetric. The numbers are disconcertingly high considering they come from professionals tasked with protecting the confidential information of millions of Americans as well as the classified information from certain federal programs […]
Read moreThe mobile point of sale (POS) market is expected to grow by 49 percent each year until 2020, according to a new report released by Technavio that analyzed mobile POS shipments worldwide, as well as sales of smartphones, tablets and mobile POS terminals. The POS terminals, which are attached to mobile devices and used to […]
Read more