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.

Comments
Cybersecurity Insurance: 4 Practical Considerations
Newest First  |  Oldest First  |  Threaded View
UTIWARI
50%
50%
UTIWARI,
User Rank: Apprentice
10/16/2015 | 9:00:41 PM
Re: Weak Cyber Insurance Foundations
Insurers are commercial enterprises too. They won't or can't provide coverage without reasonable understanding of the risk involved. There is unfortunately no incentive for the people suffering from the losses to actually quantify and publish the losses incurred. It is going to be a long time before this field matures enough for the actuaries to reasonably cover all possible potential scenarios and still have buyers ready to pay the premium for the coverage. Cyber has to almost become a utility that is uniform for all (like electricity) before that happens. 
EinavN331
100%
0%
EinavN331,
User Rank: Apprentice
10/16/2015 | 3:06:13 AM
The right Cyber Crime Insurance can literally save your business
No doubt that cyber crime reveal many unresolved problematic issues, even for the most secure bodies is a challenge. This is why cyber insurance CAN save you business, if only you are wise to purchase it via professionals. I can advise that insurance wise the attacked entity do not need to prove the cause of the loss (to data etc.) neither the identity of the attackers. Moreover, referring the Ashley Madison case, it doesn't matter that the attackers still hold the data and can use it as they wish, there is a solution called "identity theft cover" offers policies to the third parties. In addition the right insurance obviously funds the insured`s regulatory expenses that can reach to hundreds of millions of dollars, as well as legal expenses and other experts to recover your system & restore the lost data. This is on a nutshell. Of course that since all of the cyber crime is relatively new, the insurance market always keeps growing and developing in order to extend and fit the existing offered covers to the risk your business is facing with.
oneilldon
0%
100%
oneilldon,
User Rank: Guru
10/13/2015 | 10:20:50 AM
Weak Cyber Insurance Foundations
 

Cyber Insurance is stalled because of a lack of actuarial data. This stems from the unwillingness of industry to participate in incident data and information sharing made impossible by Congress's unwillingness to provide indemnification for participants. 

Beyond that, the uncertainties associated with a useful and credible Cyber Insurance market are wide ranging and depend on Cyber Security theory and foundations, reduction of theory to practice, the collection and use of empirical practice data, the validation of actual practices against the theory based on empirical data, information sharing, realistic premium setting, informed and trustworthy coverage, and straightforward dollar convertible Cyber consequences. These uncertainties have not yet been reduced to calculated risks.


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
How Enterprises are Attacking the Cybersecurity Problem
Concerns over supply chain vulnerabilities and attack visibility drove some significant changes in enterprise cybersecurity strategies over the past year. Dark Reading's 2021 Strategic Security Survey showed that many organizations are staying the course regarding the use of a mix of attack prevention and threat detection technologies and practices for dealing with cyber threats.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-41154
PUBLISHED: 2021-10-18
Tuleap is a Free & Open Source Suite to improve management of software developments and collaboration. In affected versions an attacker with read access to a "SVN core" repository could execute arbitrary SQL queries. The following versions contain the fix: Tuleap Community Edition 11.1...
CVE-2021-41155
PUBLISHED: 2021-10-18
Tuleap is a Free & Open Source Suite to improve management of software developments and collaboration. In affected versions Tuleap does not sanitize properly user inputs when constructing the SQL query to browse and search revisions in the CVS repositories. The following versions contain the fix...
CVE-2021-41152
PUBLISHED: 2021-10-18
OpenOlat is a web-based e-learning platform for teaching, learning, assessment and communication, an LMS, a learning management system. In affected versions by manipulating the HTTP request an attacker can modify the path of a requested file download in the folder component to point to anywhere on t...
CVE-2021-41153
PUBLISHED: 2021-10-18
The evm crate is a pure Rust implementation of Ethereum Virtual Machine. In `evm` crate `< 0.31.0`, `JUMPI` opcode's condition is checked after the destination validity check. However, according to Geth and OpenEthereum, the condition check should happen before the destination validity check. Thi...
CVE-2021-41156
PUBLISHED: 2021-10-18
anuko/timetracker is an, open source time tracking system. In affected versions Time Tracker uses browser_today hidden control on a few pages to collect the today's date from user browsers. Because of not checking this parameter for sanity in versions prior to 1.19.30.5601, it was possible to craft ...