Remove Authorization Remove Insurance Remove Mitigation
article thumbnail

How Insurance Companies Can Align with the NAIC 2024 Strategic Priorities using ERM

LogisManager

How Insurance Companies Can Align with the NAIC 2024 Strategic Priorities using ERM Last Updated: March 7, 2024 What are the NAIC Strategic Priorities for 2024? The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization for the state-based insurance regulatory system.

Insurance 104
article thumbnail

How to Set Up a Secure Isolated Recovery Environment (SIRE)

Pure Storage

This is because: The authorities or investigators may confiscate or quarantine equipment for forensic review Insurers may not let you use it Internal teams may need it So what do you need to have ready to get back online as soon as possible? Dont assume you can salvage even the uncompromised functions.

Security 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Cyber Extortion? Tips for Securing Your Data

Pure Storage

Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. Responding to a Cyber Extortion Attack When a business becomes a victim of cyber extortion, quick and effective action can significantly mitigate the damage. Businesses sometimes spend upwards of $1.4

article thumbnail

Impact tolerance in operational resilience: A guide for businesses  

everbridge

Operational resilience has become a defining priority for organizations in sectors like finance and insurance, especially in the UK and Europe. Organizations with robust resilience frameworks, including impact tolerance thresholds, not only reduce the frequency of incidents but also mitigate their cost. million in 2024.

article thumbnail

How to Create a Data Breach Response Team

Pure Storage

Identification: Identifies and responds to incidents reported through your organization’s Help Desk or detected using security and threat mitigation tools. Local law enforcement authorities and the FBI , to whom possible compliance breaches and potential penalties should be reported, and where you might get additional support.

article thumbnail

Free eBook: A Former Hacker Explains How to Fight Ransomware

Pure Storage

Pure Storage® CTO-Americas, Andy Stone, joins former hacker turned internationally-renowned cybersecurity expert, Hector Xavier Monsegur, to bring you “ A Hacker’s Guide to Ransomware Mitigation and Recovery.” With high-dollar insurance policies and the anonymity of cryptocurrencies, it’s more lucrative than ever.

article thumbnail

5 Key Takeaways from the EU’s Digital Operational Resilience Act (DORA)

Pure Storage

The action came after the Financial Conduct Authority (FCA) along with the Bank of England (BoE) and the Prudential Regulation Authority (PRA) issued their operational resilience policy in March 2021. The act applies to banks, insurance companies, investment firms, and the like, but it also includes critical third parties.