The coronavirus pandemic has shown the world how vulnerable it is to very large risks. Trillions in financial losses ought to be a wake-up call for economies to better equip themselves for extreme risks of this nature. We therefore must not lose sight of major threat scenarios such as cyber and climate change because their… Continue reading Major Risks of Our Time: Pandemics, Climate Change, Cyber
Tag: Cyber
The Hanover Announces Enhanced Protection for Technology Clients
The Hanover Insurance Group, Inc. today announced the launch of Hanover Technology Professional and Cyber Advantage, an integrated and broad errors and omissions, cyber, and risk management solution for technology businesses. Designed to help address the complex and evolving risks facing technology companies, this flexible coverage solution can be customized to meet the needs of… Continue reading The Hanover Announces Enhanced Protection for Technology Clients
Smaller Medical Providers Get Burned by Ransomware
Andy Fitzgerald, chief executive of a community health system in Wyoming, was visiting his son in Georgia last month when he received a distressing text message from his chief operating officer: Their company had been hit by a cyberattack. Hackers had locked up sensitive patient information and medical devices at Campbell County Health and demanded… Continue reading Smaller Medical Providers Get Burned by Ransomware
Moody’s, Israel’s Team8 to Create Cyber Risk Index for Businesses
Ratings agency Moody’s Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global benchmark. Cyber attacks are in focus after a virus from Ukraine spread around the globe in 2017, crippling thousands of computers, disrupting… Continue reading Moody’s, Israel’s Team8 to Create Cyber Risk Index for Businesses
Google Exposed User Data, Feared Repercussions of Disclosing to Public
Google exposed the private data of hundreds of thousands of users of the Google+ social network and then opted not to disclose the issue this past spring, in part because of fears that doing so would draw regulatory scrutiny and cause reputational damage, according to people briefed on the incident and documents reviewed by The… Continue reading Google Exposed User Data, Feared Repercussions of Disclosing to Public
Tangram’s Rekha Schipper Among the 2018 Women to Watch
Rekha Shipper, CEO of Tangram Insurance Services, has been named one of the U.S. Women to Watch honorees at the 13th Annual Women to Watch Awards & Leadership Conference. Business Insurance started the Women to Watch awards program in 2006 to recognize women leaders doing outstanding work in risk management and commercial insurance worldwide. In… Continue reading Tangram’s Rekha Schipper Among the 2018 Women to Watch
Tangram Insurance Services Featured in ‘Top Insurance Workplaces’ Report
Tangram Insurance Services, Inc. (“Tangram”), a Managing General Agency, announced today that it has been named an Insurance Business America Top Insurance Workplace in 2018. Employees from organizations large and small across the industry shared what they love and dislike about their workplaces – everything from benefits and resources to management and leadership. From the… Continue reading Tangram Insurance Services Featured in ‘Top Insurance Workplaces’ Report
Hackers Hit Towns Across the U.S.
Town officials in Rockport, Maine, were closing up shop on Friday, April 13, when they realized they couldn’t open files on their computers. After fielding messages from town workers, local information-technology contractor Gus Natale said he “went straight to the town office and started yanking plugs.” An unknown hacker had snuck malicious software onto the… Continue reading Hackers Hit Towns Across the U.S.
SEC Provides New Far-Ranging Cybersecurity Guidance
The Securities and Exchange Commission (“SEC”) released expansive interpretive guidance (“2018 Guidance”), posted February 21, 2018, further building upon its far-reaching cybersecurity guidance provided in 2011. Below are four key takeaways that will be essential in complying with federal securities laws going forward. 1. The SEC recognizes that effective cybersecurity has never been more… Continue reading SEC Provides New Far-Ranging Cybersecurity Guidance
Trump Administration Mulling Nationalization of 5G Network
Top national security officials within the Trump administration are reportedly weighing whether to build a nationalized mobile wireless network within the U.S., an effort aimed at protecting the country’s wireless systems from China and other outside actors. Senior officials learned about the administration’s proposal to centralize the nation’s 5G network recently, according to a memo and PowerPoint deck presentation obtained by Axios on… Continue reading Trump Administration Mulling Nationalization of 5G Network