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
7 Old IT Things Every New InfoSec Pro Should Know
Joan Goodchild, Staff Editor,  4/20/2021
News
Cloud-Native Businesses Struggle With Security
Robert Lemos, Contributing Writer,  5/6/2021
Commentary
Defending Against Web Scraping Attacks
Rob Simon, Principal Security Consultant at TrustedSec,  5/7/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-29040
PUBLISHED: 2021-05-16
The JSON web services in Liferay Portal 7.3.4 and earlier, and Liferay DXP 7.0 before fix pack 97, 7.1 before fix pack 20 and 7.2 before fix pack 10 may provide overly verbose error messages, which allows remote attackers to use the contents of error messages to help launch another, more focused att...
CVE-2021-29041
PUBLISHED: 2021-05-16
Denial-of-service (DoS) vulnerability in the Multi-Factor Authentication module in Liferay DXP 7.3 before fix pack 1 allows remote authenticated attackers to prevent any user from authenticating by (1) enabling Time-based One-time password (TOTP) on behalf of the other user or (2) modifying the othe...
CVE-2021-29047
PUBLISHED: 2021-05-16
The SimpleCaptcha implementation in Liferay Portal 7.3.4, 7.3.5 and Liferay DXP 7.3 before fix pack 1 does not invalidate CAPTCHA answers after it is used, which allows remote attackers to repeatedly perform actions protected by a CAPTCHA challenge by reusing the same CAPTCHA answer.
CVE-2021-22668
PUBLISHED: 2021-05-16
Delta Industrial Automation CNCSoft ScreenEditor Versions 1.01.28 (with ScreenEditor Version 1.01.2) and prior are vulnerable to an out-of-bounds read while processing project files, which may allow an attacker to execute arbitrary code.
CVE-2021-29039
PUBLISHED: 2021-05-16
Cross-site scripting (XSS) vulnerability in the Asset module's categories administration page in Liferay Portal 7.3.4 allows remote attackers to inject arbitrary web script or HTML via the site name.