CRIF News

PwC Report Security breaches rising

 

PwC Global State of Information Security Report Link The annual Global State of Information Security® survey of more than 9,700 security, IT, and business executives has found that the total number of security incidents detected by their respondents climbed to 42.8 million this year, an increase of 48% over 2013. That’s the equivalent of 117,339 incoming attacks per day, every day. 

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Cybersecurity has become a persistent business risk and is no longer an issue that is just the concern of information technology and security professionals. The threat and impact of breaches and disruption is a challenge that extends to the C-suite and boardroom.
 

Think Cyber Risk is only a big business issue?

Think again, here is one way a smaller businesses was impacted Small business hits by cyber fraud fined for non compliance with PCI DSS

In the early 2000’s a husband and wife had the idea to set up a specialist Ironmongery business to meet the needs of the trade and homeowners.    
 
Over the next few years, the business grew outstripping the first warehouse and by 2010 they had moved into larger premises and had built a professional website that added reach and customers.   
 

Digging in to fight the cyber war - Middle East Focus

Libery Mutual - CRIF Founding Member Matt Hogg looks at Cyber Risk in the emerging Middle East Market

Traditionally, even the most brutal of wars have their informal truces. The history books regale us with accounts of soldiers in the American Civil War swimming to an island in a river to exchange tobacco and newspapers, or a game of football between British troops and their Boer enemies at the end of the Boer War. But that tradition does not, it appears, apply to today’s cyber war.

Commercial Risk Europe features CRIF amid concerns on Energy Company cover

CRIF on the need for more mature Cyber Risk ManagementFollowing the reports from the BBC on the challenges facing some energy companies in obtaining cyber insurance CRE helped CRIF get out our message on the need for a more mature and integrated approach to the management and cover of Cyber Risk.

The BBC article stated that "... a  number of energy companies had bee refused cover because of inadequacies in their cyber security"

Are we losing the battle against cyber crime?

Cybercrime and information security

Nobody likes to lose a fight. It’s a fundamental facet of human nature that, when it comes to trading blows, we like to be top dog. Not surprising, really, if you consider that evolution has armed us with the tools to survive and winning fights would have been pretty much a prerequisite for staying alive 20,000 years ago. So when an influential group of MPs announced recently that the UK is losing the fight against cyber crime, it’s natural for hackles to rise. 

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