Tag Archives: cyber security
Computer Security Day Is Coming Up: Protect Your Business From Cyber Attacks
On November 30th, we will celebrate the international holiday Computer Security Day. The day was created in 1988, when computers started to become ubiquitous in business and in people’s personal lives. Since then, the day has served as a reminder to be aware of computer security and to protect against cyber risks. There are multiple things that you can do at your business during this day in order to protect …
Top Cyber Liabilities For Businesses
As technology has evolved, so have the ways in which it can be exploited. As October is National Cyber Security Awareness month, it’s important that every business take a look at their current cyber practices and the new trends in technology in order to be aware of potential sources for cyber attacks and to protect themselves accordingly. In addition to having Cyber Liability insurance to cover them in the event …
Artificial Intelligence in the Workplace and Cyber Security Concerns
Many of you have probably used some form of artificial intelligence in your day-to-day lives, whether it is using Amazon’s Echo or Apple’s Siri to gain information or Tesla’s Autopilot feature on the road. Artificial intelligence isn’t just growing in our everyday lives; many businesses today are starting to implement artificial intelligence and machine learning into their workplaces to perform certain duties, increase productivity, and take some of the strain …
Cyber Crime: WannaCry Screams the Need to Protect Against Ransomware
Ransomware as a threat has been on the scene for a while, but it’s increasingly rising and widespread. Take a look at WannaCry, the recent ransomware that affected more than 200,000 computer systems in more than 150 countries and crippled transportation and hospitals globally. The majority affected were Windows-based computers that were not updated with a recently available and easily deployed patch.
Ransomware is a type of malware that, upon …
What Does New York’s New Cyber Rules Mean for Banks, Insurers?
New York became the first state in the U.S. to implement cyber security regulations, which began rolling out on a staggered basis, over a two-year period, as of March 1. The New York Department of Financial Services will require banks and insurance companies to vouch for their resilience to cyber attacks. The rules, in the works since 2014, followed a series of high-profile data breaches that resulted in losses of …
Cyber Liability: Professionals Beware the Rise of Ransomware
The rise of ransomware as a cyber liability threat is underscored in a new Kaspersky Lab report, which revealed a 14% increase in ransomware in the first quarter of 2016. In fact, the company’s Securelist blog stated that ransomware has topped targeted attacks as the “main theme of the quarter.” Additionally, Enigma Software reported that this past April was ransomware’s biggest month ever in the United States, with the number …
Cyber Security and the Role of CPAs with Clients
A new report by joint IMA (Institute of Management Accountants) and Association of Chartered Certified Accountants (ACCA),“Cybersecurity – Fighting Crime’s Enfant Terrible,” underscores the extent to which cyber security has become an issue for all industries and how the accounting industry can be instrumental in stemming cyber losses for their clientele.
According to the report, “no one can afford to be a cyber-fool.” Accountants and finance professionals can – and …
Empowering Employees in the Age of Cyber Security
Cyber security has taken center stage among the issues employers must face head on, including developing policies and procedures to protect themselves against the risk of a data breach. This involves taking a more proactive approach including empowering employees to do more to beef up a firm’s cyber security.
In addition to implementing the latest firewalls, anti-virus software and data encryption, security awareness and training among employees are critical …
Cyber Liability: Get In the Know About Security Breach Notification Changes
Forty-seven states currently require employers to notify employees when personal information such as Social Security numbers are acquired by unauthorized parties. This can be rather complicated for multi-state employers as notification laws differ from one state to the next. Moreover, the undertaking has become even more complicated with eight states having enacted amendments in 2015 to their breach notification laws with new and unique requirements. The bottom line: It’s essential …
Due Diligence of Cyber Security Practices in M&As Crucial
In our previous article, we cited a new report issued by PricewaterhouseCoopers (PwC), “Turnaround & Transformation in Cyber Security: Key Findings from the Global State of Information Security Survey”, and discussed the need for a company’s board of directors to play a pivotal role in cyber security. In the same report, the need for due diligence of cyber security in mergers and acquisitions was also discussed.
According to the …
