Following 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"
According to a government report released last year, 87 per cent of small firms surveyed suffered an online security breach in the previous 12 months, including data corruption and loss as well as hacking and fraud.
“63% of data breaches were attributable to an outsourced third party IT or web services provider”
CRIF founding member Richard Hodson, Head of Technology at Oval Insurance Broking talks in his article about the risks that remain within your organisation even though you have outsourced your IT.
Retail has changed and it’s the use and dependence on technology which is at the heart of this change.
According to research by eDigitalResearch almost half of smartphone users did some pre Christmas shopping this year on their mobile device and tablet users are “second screening” whilst watching TV. This is the process of reviewing a product immediately after seeing it advertised on TV.
How strong is your password? Are you using one of the top 10 passwords such as “123456” or “Password”?
Do you use personal information such as family names, pets names or important dates that can easily be found on social networking sites such as Facebook? Do you use the same passwords across multiple sites meaning that if criminals get your password for one site then they can access them all?
The Financial Services Authority (FSA) will shortly be publishing a review cyber security across the financial services sector.
Greg Clark (MP), financial secretary to the Treasury has reported to Parliament that the Bank of England and the Treasury are working with the FSA to review how cyber security is currently managed across the finance sector. Working with other agencies the procedures of a number of financial institutions will be benchmarked in a programme led by the FSA.
This landscape review describes government’s evolving approach to cyber security and describes the programme of work it has under way.
In this report the National Audit Office describes the U.K.'s national cyber security strategy in some detail looking at both opportunities and threats. It details how the £650 million of investment currently planned over the next three years is being used and aligns with the broader interests of the UK.
Any software application that displays advertising banners while the program is running. Adware often includes code that tracks a user’s personal information and passes it on to third parties without the user’s authorization or knowledge. And if you gather enough of it, adware slows down your computer significantly. Over time, performance can be so degraded that you may have trouble working productively. See also Spyware and Malware.
Advanced persistent threat