Sentences with phrase «for cyber risk»

Such bad guys are certainly willing and able to exploit your errors, but the truth of the single biggest vector for cyber risk is far more prosaic and overlooked.

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.

A broker will also alert clients on their ongoing obligations for all cyber risk scenarios for which policy wordings are sought and matched.

Projected to reach $ 2.4 billion this year, the market for cyber risk insurance premiums...

Working with top CISOs, we focus on the most relevant security awareness training topics for cyber risk management today.

FireEye CEO Kevin Mandia speaks about North Korean cybersecurity operations growing in scale and the new «rules of engagement» for cyber risks from those groups and those from places like Russia and Iran.

Not exact matches

For many organizations, a successful cyber attack is damaging and may even bring a business to its knees so understanding what the risks are, and how to avoid them, is crucial.

Finally, the SEC's order finds that Yahoo failed to maintain disclosure controls and procedures designed to ensure that reports from Yahoo's information security team concerning cyber breaches, or the risk of such breaches, were properly and timely assessed for potential disclosure.

With every new gadget or appliance we connect to the internet, we increase our risk for cyber attacks.

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.

Premiums for cyber policies brought in a total of $ 1.35 billion last year and total premiums could surpass $ 10 billion by 2020, says Stroz Friedberg, a risk management company.

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.

The cyber insurance policy is the hottest insurance product in the market, but it is untested for wide - range, catastrophic cyber events, and many risk managers and security experts warn the days of low premiums and cover - everything policies are numbered.

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.

Businesses, from startups to Fortune 500s, need to adopt a similar mindset when it comes to their own commanders - in - chief, because cyber attacks are a low - cost, low - risk way to steal intellectual property, business intelligence and ultimately the company's money — and the C - suite (along with other key figures, like a head engineer or programmer) is definitely a focal point for criminals.

Some security experts said the CIA's possible use of tools from other spy agencies raised the risk of false attribution for targeted cyber attacks by the U.S. intelligence agency.

We hope the report will help raise awareness across the industry as to how significant losses could be, how likely they are, and provide an opportunity for insurers to better understand and manage cyber risk.

BitSight Security Ratings are used by global enterprises to continuously monitor the risk posed by vendors in their supply chain, report to board members about their own security performance benchmarks within a peer group, and support underwriting decisions for cyber insurance.

«Given the necessity for continuous vendor management, it's important for us to invest in a company that has the potential to truly change the way all organizations measure risk and rate cyber security performance.

For instance, the RBI issued a vague warning last week that Bitcoin usage is unsafe due to potential money laundering and cyber security risks.

The report also includes insights from sponsor Antares Capital and co-sponsor Chubb, covering trends within the middle - market lending space and cyber risks for dealmakers to consider, respectively.

Risk managers in the financial services industry are skittish about what they perceive as a heightened chance for high - impact event hitting the global financial system hard and they're naming potential cyber attacks as one of the biggest drivers for that increased rRisk managers in the financial services industry are skittish about what they perceive as a heightened chance for high - impact event hitting the global financial system hard and they're naming potential cyber attacks as one of the biggest drivers for that increased riskrisk.

App developers also have to deal with a lot of risks especially cyber security risks hence it is extremely important for you to have the necessary insurance protection for your business.

Some of those are uninsurable risks which managers then essentially self insure, for example key personnel, business interruption, fraud, and different aspects of cyber risk.

Since the inquiry began its work, a report prepared by the risk management leadership team in July 2016 for the board released by the banking royal commission revealed CBA was struggling to control and organise its data with a high proportion of the its processes to manage cyber and technology rated «marginal or unsatisfactory».

With growing risks to the nation's electrical grid from natural disasters and as a potential target for malicious attacks, the U.S. Department of Energy (DOE) and the U.S. Department of Homeland Security (DHS) should work closely with utility operators and other stakeholders to improve cyber and physical security and resilience, says a new congressionally mandated report by the National Academies of Sciences, Engineering, and Medicine.

And PNNL's grid cyber research includes work to establish information - sharing capabilities for grid business information technologies, providing situational awareness of cyber risks for the nation's utilities.

He continued: «As Chancellor I know about the enormous potential for the internet to drive economic growth, but I am also acutely aware of the risk of cyber attack harming our economy and undermining the confidence on which it rests.»

Penn State researchers who interviewed parents who enrolled their children into cyber charter schools found that parents thought these schools were better customized to their children's needs, carried little financial risk and were possibly the last hope for their child to succeed in school.

The right coverage for your risks can help with everything from concerns about property damage to the risk of cyber crime.

«The road to resilience — managing and financing extreme weather risks» report is the first in a series that addresses the need for more investment and system change to combat the new emerging risks, including extreme weather, the energy water food nexus and cyber risks.

As trailed in its Business Plan for 2017 — 18, the FCA has a dedicated Cyber Specialists Team to oversee the way that regulated firms manage cyber risk as well as cyber co-ordination groups across five sectors sharing knowledge and fostering innovation.

New currencies, ICOs and ambitious FinTechs could be creating more and more cyber risks for the future, and some experts are calling for increased legal regulation in the crypto sphere.

This is a huge opportunity for companies to understand that cyber risk is now a central business risk and must be treated as such, with appropriate board - level attention and support.

As use of outside providers through models such as cloud computing expose PII to third parties, it calls for robust contractual terms, which is a tangible area where in - house counsel can flex their muscle around cybersecurity and mitigate risk, says Kroman, as well as advise on the necessity for cyber insurance, which is growing in popularity.

This includes consideration of the sensitivity of a client's information and whether the client's matter is a higher risk for cyber intrusion.

Beyond urging companies to create policies to better manage cybersecurity risks and disclose breaches, the guidance also called for rules to prevent company insiders from trading stock before the public is informed of a cyber incident.

In one of the newer roles specialising in security, for instance, you will protect your firm from the rising risk of cyber attacks and security breaches.

This decision illustrates a significant gap in coverage under a crime policy for these types of cyber risks.

«We're lucky to have somebody as talented as John, nationally recognized for both his command of the media and entertainment market and for his skill and experience in cyber risks and information management, leading the charge to the west coast.»

Security risks for ports and their business partners: data protection and GDPR; revised guidelines on ship / port interface and risks for cyber incidents; and terrorism

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.

Unfortunately, as investment in these technologies increases so does the proliferation of online threats, with the result that risk management around cyber security in particular has become a major concern for many.

The Cybercrime and Law Firms issue of LAWPRO Magazine has loads of practical advice for law firms and lawyers on the steps they can proactively take to reduce their risks of a cyber breach or attack and how to recognize and avoid email frauds and phishing.

And for another group, it means focusing on the regulatory aspects of evolving risks, like the impact of cyber attacks for example.

New currencies, ICOs and ambitious FinTechs could be creating more and more cyber risks for the future, and some...

Whilst a focus of innovation and leveraging technology is to drive profitability, there is now greater emphasis to reduce digital risk, with cyber security being an increasing priority for law firms and their clients.

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.

However, opening your systems to remote access creates a number of security risks as external network connections are a ripe target for cyber criminals.

As this area of insurance grows, and the need for it becomes more widespread, it follows that insurance brokers who fail to bring the availability of cyber cover to the insured's attention, or who fail to obtain adequate cyber cover, are going to be at risk of litigation.