The SCIDSA is a state law that was enacted in 2018 and became effective on January 1, 2019. The law applies to all licensed insurance entities in South Carolina, including insurers, agents, brokers, and other entities that are authorized to operate under the state’s insurance laws. No matter the size of your business, if you are an insurance entity licensed in the state of South Carolina, then SCIDSA applies to you. Learn more here.
Defending against cybersecurity attacks is becoming more challenging as threats evolve, and new ones emerge. Companies of all sizes need to be on the lookout for potential problems that could cause irreparable damage to a company if not dealt with properly.
The NYDFS Cybersecurity Regulation requires New York insurance companies, banks, and other regulated financial services institutions to assess their cybersecurity risk profile. Read more here to understand the NYDFS regulation and what it means for you.
The “Dark Web” is often portrayed as a gloomy realm of internet land where you can find criminals and offenders lurking around every corner. Though there is some truth to this perception, there are also many misconceptions about the Dark Web and its role in the security or insecurity of businesses. Furthermore, the continuous embracement of remote work has led to an unexpected shift in the way the dark web is being used today. Without awareness and understanding of these concepts, it’s impossible to prepare for the looming threats that this obscure area of the net introduces to enterprises.
The escalation in cybersecurity breaches as seen in 2020 has continued well into 2021. As cyber-attacks cripple more companies, it is time to look deeper into the recent security incidents.
Ransomware has become an annual event for many organizations, costing them millions in lost productivity and revenue. While there have been some notable successes in fighting off this threat, the industry as a whole must continue strengthening its resolve in order to safeguard against future attacks. Part of this can come down to recognizing the role that users and employees play in fighting off these attacks and providing them with the info and tools they need to help reduce risks.
The lack of cybersecurity protocols in a growing company can be for a multitude of reasons: the lack of resources to help develop policies and a misunderstanding of how important cybersecurity truly is just to name a few. Also, a common misconception amongst small to medium-sized businesses is that building a cybersecurity program requires a significant capital investment. When in reality, formulating a program can be a cost-efficient process with the right tools and resources, and not to mention that it begins to protect against additional losses from a cyber attack.
Remote access security concerns compounds as many workers use personal devices outside of the enterprise's protective remit. The end result is an intricate mesh of complex technologies and human touch points.
This is especially important in an era where human-related cyber threats are at an all-time high. From intentionally malicious insiders to unmindful employees prone to accidents, these threats can have significant consequences on companies of all sizes. Ongoing high-profile breaches have brought this issue of insider threats into the spotlight.