Sentences with phrase «cyber risk not»

Not exact matches

Shey says there's a lot of uncertainty because cyber policies are new and customers don't understand exemptions and insurers are not accurately quantifying a company's cyber security risk.

But that long history of data on past catastrophes does not exist in the cyber insurance policy world, says Stephen Boyer, the CTO and co-founder of risk - rating company BitSight, a company that assesses company risk for cyber policies written by AIG, Travelers, and others.

But many in the computer security industry warn that all the excitement in the insurance space is not taking into account how much risk insurers have assumed and will be responsible for after a catastrophic cyber event.

Although executives now consider lax cyber security to be more of a risk to their business than they once believed, that hasn't been enough to cause them to double down on security - related investments and initiatives.

Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.

Risk managers at financial firms rate cyber risk as the number one concern across all risk management activities, not just IT riRisk managers at financial firms rate cyber risk as the number one concern across all risk management activities, not just IT ririsk as the number one concern across all risk management activities, not just IT ririsk management activities, not just IT risks.

Data storage is not only expensive, but is also a key driver of privacy and cyber security risks.

Many businesses are taking steps to begin to deploy things like RegTech (Regulatory Technology) as part of preparation for regulations such as GDPR and MiFiD II, possibly taking this more seriously due to the fact that the cost of non-compliance is clear and outlined, however the impact and cost of a cyber hack could be just as bad, so there needs to be a shift in thinking — a cyber hack is not just a cyber hack, it's a risk to the whole business.

In the event of a high - profile cyber attack, firms not only risk seeing their reputation in tatters, but could also be banned from practising law altogether.

Cyber security is a growing risk for all organisations, and data protection and cyber security issues need to be placed on the board agenda sooner rather than later, and before a cyber breach occurs not as a result of one.

By not investing in cyber security training, law firms are leaving their businesses at an even higher risk.

Staff Notices aren't «laws», so they aren't mandatory per se, but the fact the CSA issued this Staff Notice suggests it's concerned that reporting issuers» aren't adequately disclosing cyber risks.

The regulation does not specify the form that the program must take, but requires that it be «designed to perform the following core cybersecurity functions:» (1) identify internal and external cyber risks by, at a minimum, identifying the Nonpublic Information stored on the Covered Entity's Information Systems, the sensitivity of such Nonpublic Information, and how and by whom such Nonpublic Information may be accessed; (2) use defensive infrastructure and the implementation of policies and procedures to protect the company's Information Systems and the Nonpublic Information stored on those Information Systems, from unauthorized access, use or other malicious acts; (3) detect Cybersecurity Events - which are defined broadly to include «any act or attempt, successful or unsuccessful, to gain unauthorized access to, disrupt or misuse an Information System or information stored on an Information System;» (4) respond to identified or detected Cybersecurity Events to mitigate any negative effects; (5) recover from Cybersecurity Events and restore normal operations and services; and (6) fulfill all regulatory reporting obligations.

Join us to learn what you must do (or not do) to be perceived as a credible, with - the - times firm with minimal cyber risk.

Mimecast works with organisations to provide industry leading, fully integrated cyber security, archiving and continuity solutions, not only mitigating the risk associated to email but also reducing the costs and providing layered technology that is mature and ensures that your customers are completely protected.

While organizations can be insured for cyber risk or liability, including data lost from an improperly secured device, it probably doesn't cover devices owned by employees.

«All the standard cyber risk insurance I've seen covers employer - owned equipment and not employee - owned equipment,» says Eric Boehm, a partner at BLG who focuses on technology law.

The Global Cyber Alliance is a not - for - profit operational organization that was created to confront these cyber risks by building a cyber ecosystem for positive change.

The outcome of this effort is not a report with recommendations but actual risk reduction moving forward on a path to eradicate a systemic cyber risk.

Chris Vickery, director of cyber risk research at UpGuard and the person who found and alerted Verizon and the RNC of their data leaks, expects more leaks will happen in the future because the enterprises using cloud storage don't understand it.

Though the hacker admittedly will not be able to withdraw the stolen money, investors are not likely to put their funds at risk again, believe co-founder of cyber • Fund Dima Starodubcev and CEO of Satoshi • Fund Konstantin Lomashuk.

The reality of cyber risk is undeniable, but that does not mean we can not make measurable progress to reduce it.

Where there appears to be an effective solution to that systemic cyber risk, but it is not being widely deployed, we and our partners take the task of driving implementation of the solution and eradicating the risk.

Presented by Lastline 60 minutes Governing cyber risk does not have to feel like crossing a minefield.