Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Database Security
Authentication
Mobile
Privacy
Compliance
Careers and People
Identity & Access Management
Security Monitoring
Advanced Threats
Insider Threats
Vulnerability Management
Comments
A Crisis of Confidence Among Security Pros
Newest First  |  Oldest First  |  Threaded View
Page 1 / 2   >   >>
Bettymel
Bettymel,
 User Rank: Apprentice
8/17/2022 | 2:10:35 AM
Pending Review
This comment is waiting for review by our moderators.
Marilyn Cohodas
Marilyn Cohodas,
 User Rank: Strategist
5/5/2014 | 11:55:10 AM
Re: Accepting Reality -- cyber insurance -- an emerging market
Agree. It would be iluminating to know how the actuaries are calculating risk in order to make a profit!
Robert McDougal
Robert McDougal,
 User Rank: Ninja
5/5/2014 | 11:48:37 AM
Re: Accepting Reality -- cyber insurance -- an emerging market
Story of my life, a dollar short and a day late.  However, this expansion into the cyber injury arena by AIG demonstrates effectively that there is a market.  I would expect the number of companies offering insurance to grown significantly over the next decade.  

The only issue I see is that generally in the insurance industry the way you can offer reasonable premiums to your clients is to have a good mix of high risk and low risk clientele.  However, who would be your low risk clientele in this arena?  If a company doesn't retain sensitive information then they wouldn't need the insurance.  However, if a company does retain sensitive information then how could they not be high risk?

I suppose it will take someone smarter or craftier than myself to figure this conundrum out.
Marilyn Cohodas
Marilyn Cohodas,
 User Rank: Strategist
5/5/2014 | 9:59:32 AM
Re: Accepting Reality -- cyber insurance -- an emerging market
Robert, AIG has beat you to the punch. Last month, the company became the first major insurer to expand the emerging cyber insurance market beyond corporate losses arising from data breaches. More info from Financial Times in AIG offers insurance against cyber injury.

 





 

 

Robert McDougal
Robert McDougal,
 User Rank: Ninja
5/2/2014 | 1:30:28 PM
Re: Accepting Reality
Unfortunately, I don't think it has made its way to senior management yet.  In my experience there are few in senior management who understand the true value of information security. The line of thinking the majority of C level executives possess in regards to information security falls into two different categories.  The first of these is the belief that an information security department should be able to prevent anything bad from happening.  The second is the "nothing has happened" therefore why should I pay for information security mentality.  Regrettably, most people in senior management do not truly comprehend or appreciate the dynamics of our industry.

To address your second point, I think cyber incident insurance is a great idea.  If I had the capital to start an insurance company, I might just steal your idea! 
Marilyn Cohodas
Marilyn Cohodas,
 User Rank: Strategist
5/2/2014 | 11:15:11 AM
Re: Accepting Reality
Drew, are you sure you shouldn't be working on Wall Street?
Drew Conry-Murray
Drew Conry-Murray,
 User Rank: Ninja
5/2/2014 | 11:13:52 AM
Re: Accepting Reality
I'm curious if this acceptance of reality has trickled up to senior management, and whether it might make cyber-insurance seem more worthwhile?

If so, I wonder if we'll see a derivatives market emerge for cyber-insurance policies: put together some risk pools, and then set an over/under on a breach.
Robert McDougal
Robert McDougal,
 User Rank: Ninja
5/2/2014 | 10:45:42 AM
Re: Accepting Reality
I agree, this is just the reality in our business.  I work with some of the most talented security professionals in the country and not a single one of us would proclaim that we 'are confident' we know all the threats to our organization.  The truth of the matter is that no matter how much you research or plan something will sneak up and bite you eventually.

The goal is to protect yourself as best you can and be preparred for when an incident arises.
Randy Naramore
Randy Naramore,
 User Rank: Ninja
5/2/2014 | 10:04:04 AM
Re: Accepting Reality
It is almost impossible to stop every threat that exists on your network but the key is to be mindful of the threats and use forums to stay informed of ways other people defend their information. 
Kelly Jackson Higgins
Kelly Jackson Higgins,
 User Rank: Strategist
5/2/2014 | 9:42:25 AM
Re: Accepting Reality
I agree, @Drew Conry-Murray. It's a good sign they can make an honest assessment of their security postures. Now comes the hard part, of course.

(And btw, your avatar always cracks me up). Happy Friday!
Page 1 / 2   >   >>


Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Everything You Need to Know About DNS Attacks
It's important to understand DNS, potential attacks against it, and the tools and techniques required to defend DNS infrastructure. This report answers all the questions you were afraid to ask. Domain Name Service (DNS) is a critical part of any organization's digital infrastructure, but it's also one of the least understood. DNS is designed to be invisible to business professionals, IT stakeholders, and many security professionals, but DNS's threat surface is large and widely targeted. Attackers are causing a great deal of damage with an array of attacks such as denial of service, DNS cache poisoning, DNS hijackin, DNS tunneling, and DNS dangling. They are using DNS infrastructure to take control of inbound and outbound communications and preventing users from accessing the applications they are looking for. To stop attacks on DNS, security teams need to shore up the organization's security hygiene around DNS infrastructure, implement controls such as DNSSEC, and monitor DNS traffic
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2023-33196
PUBLISHED: 2023-05-26
Craft is a CMS for creating custom digital experiences. Cross site scripting (XSS) can be triggered by review volumes. This issue has been fixed in version 4.4.7.
CVE-2023-33185
PUBLISHED: 2023-05-26
Django-SES is a drop-in mail backend for Django. The django_ses library implements a mail backend for Django using AWS Simple Email Service. The library exports the `SESEventWebhookView class` intended to receive signed requests from AWS to handle email bounces, subscriptions, etc. These requests ar...
CVE-2023-33187
PUBLISHED: 2023-05-26
Highlight is an open source, full-stack monitoring platform. Highlight may record passwords on customer deployments when a password html input is switched to `type="text"` via a javascript "Show Password" button. This differs from the expected behavior which always obfuscates `ty...
CVE-2023-33194
PUBLISHED: 2023-05-26
Craft is a CMS for creating custom digital experiences on the web.The platform does not filter input and encode output in Quick Post validation error message, which can deliver an XSS payload. Old CVE fixed the XSS in label HTML but didn’t fix it when clicking save. This issue was...
CVE-2023-2879
PUBLISHED: 2023-05-26
GDSDB infinite loop in Wireshark 4.0.0 to 4.0.5 and 3.6.0 to 3.6.13 allows denial of service via packet injection or crafted capture file