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Changes Continue in Cyber Insurance

Pure Storage

Changes Continue in Cyber Insurance by Pure Storage Blog An ounce of prevention is worth a pound of cure certainly applies to physical health. Prevention begins with having a robust cybersecurity plan in place, along with sufficient insurance to manage risk. In 2010, cyber insurance premiums totaled a mere $600,000.

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Nine budget friendly ways to prepare your commercial building BEFORE the winter season

Disaster Safety

Severe winter weather is a significant cause of insured catastrophic losses and is a risk for many businesses across the country, including portions of the typically warmer southern United States. Discuss the systems exposure to winter weather and potential mitigation options. Know what your insurance covers and what it doesn’t.

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The Importance of Building a Culture of Trust and Compliance

Fusion Risk Management

In tightly regulated industries like banking, Compliance Alert notes: “Chief Compliance Officers (CCOs) increasingly face personal liability for corporate wrongdoing and regulatory violations as a change of guidelines and a string of federal enforcement actions have transformed the environment in which CCOs operate.

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Five Strategies to Protect Against Ransomware and Other Cyberattacks

Risk Management Monitor

The following five strategies can help companies mitigate cyberrisk and respond to threats quickly and efficiently: 1. Ultimately, the goal is to increase visibility and the ability to alert upon suspicious activity. Then, create alerts in firewalls and SIEM solutions to quickly detect and respond to network anomalies.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures. ERM’s Ultimate Objective.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Passing or sharing the risk via insurance, joint venture, or another arrangement. Mitigating or reducing the risk by internal controls or other risk-prevention measures. Factor Analysis of Information Risk (FAIR) provides a common risk mitigation vocabulary to help you to address security practice weaknesses.

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Using Audio for Alarm Verification: Hearing Plus Seeing Increases Situational Awareness and Reduces False Alarms

Security Industry Association

Around the same time, insurance companies began offering premium discounts to alarm subscribers, which drove popular demand. A solution that can mitigate false alarms will not only save first responders time and security system users money, it will also redirect resources to the alarm events that actually require attention.

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