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 Assessing Cybersecurity Risk in Today's Environment
The adoption of cloud services spurred by the COVID-19 pandemic has resulted in pressure on cyber-risk professionals to focus on vulnerabilities and new exposures that stem from pandemic-driven changes. Many cybersecurity pros expect fundamental, long-term changes to their organization's computing and data security due to the shift to more remote work and accelerated cloud adoption. Download this report from Dark Reading to learn more about their challenges and concerns.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2022-23599
PUBLISHED: 2022-01-28
Products.ATContentTypes are the core content types for Plone 2.1 - 4.3. Versions of Plone that are dependent on Products.ATContentTypes prior to version 3.0.6 are vulnerable to reflected cross site scripting and open redirect when an attacker can get a compromised version of the image_view_fullscree...
CVE-2022-0395
PUBLISHED: 2022-01-28
Cross-site Scripting (XSS) - Stored in Packagist remdex/livehelperchat prior to 3.93v.
CVE-2022-21721
PUBLISHED: 2022-01-28
Next.js is a React framework. Starting with version 12.0.0 and prior to version 12.0.9, vulnerable code could allow a bad actor to trigger a denial of service attack for anyone using i18n functionality. In order to be affected by this CVE, one must use next start or a custom server and the built-in ...
CVE-2022-23598
PUBLISHED: 2022-01-28
laminas-form is a package for validating and displaying simple and complex forms. When rendering validation error messages via the `formElementErrors()` view helper shipped with laminas-form, many messages will contain the submitted value. However, in laminas-form prior to version 3.1.1, the value w...
CVE-2021-4160
PUBLISHED: 2022-01-28
There is a carry propagation bug in the MIPS32 and MIPS64 squaring procedure. Many EC algorithms are affected, including some of the TLS 1.3 default curves. Impact was not analyzed in detail, because the pre-requisites for attack are considered unlikely and include reusing private keys. Analysis sug...