Deepfakes: A Rising Cyber Threat

Deepfakes: A Rising Cyber Threat
A Q&A with John Farley of Gallagher

One of the most dangerous cyberattacks emerging on the threat landscape is also among the most difficult to detect or prevent. Deepfake technology enables perpetrators to mimic the voices and images of real people and it has significant consequences for companies, individuals and the democratic process. John Farley, managing director of the cyber liability practice of Gallagher, gave us an update on this concerning development.

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What Insurers Need to Know About New York’s SHIELD Act

What Insurers Need to Know About New York’s SHIELD ActA Q&A with Laurie Kamaiko of Saul, Ewing, Arnstein & Lehr LLP
Going into effect in its entirety on March 21, 2020, the New York SHIELD (Stop Hacking and Improve Electronic Data Security) Act updates previous data security laws while creating more obligations and potential concerns for companies and their cyber insurers. We asked Laurie Kamaiko of Saul, Ewing, Arnstein and Lehr about this legislation and how insurers can prepare for its implementation.

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The Intersection of Third Party Risk and Insurance

A Q&A with Matthew Cherian of BitSight
Third party data security risk continues to grow and even mature enterprises struggle to contain this unwieldy challenge. For cyber insurers, it’s becoming increasingly urgent to find better tools for assessing third party vendor risk when underwriting for a policy. To learn more about why and how this should be done, I spoke with Matthew Cherian, Vice President of Strategic Partnerships of BitSight. 

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Protecting Executives from Compromise

A Q&A with Chris Pierson, CEO of BLACKCLOAK
Increasingly, cyber criminals target corporate executives and high net worth individuals not inside their well protected work environments, but at home, where they are most vulnerable. We spoke with Dr. Chris Pierson, CEO of BLACKCLOAK about the risks organizations face, and how they can better defend targeted individuals against bad actors.

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Cyber Risk and the Construction Industry

A Q&A with Douglas Clare of FICO
A joint effort between FICO and the U.S. Chamber of Commerce, the Assessment of Business Cybersecurity (ABC) offers a benchmark for analyzing the security readiness of American business against cyber attack. When the first quarterly installment was released in late 2018, the construction industry scored highest among the reviewed industries, demonstrating the least amount of cyber risk. We spoke to Douglas Clare, Vice President of Cyber Security Solutions at FICO, about why this industry stands out but also why more can be done to protect it.

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Quantifying Cyber Risk

A Q&A with Peter Armstrong of Munich Re and Julie Eichenseer of Guidewire: Cyence Risk Analytics
At the NetDiligence® Cyber Risk Summit in Philadelphia, Julie Eichenseer of Guidewire: Cyence Risk Analytics and Peter Armstrong of Munich Re participated in a panel on cyber risk quantification, discussing how current approaches to evaluating cyber risk can better help the insurance industry and its clients improve their cybersecurity posture. We spoke with them about some of the topics they covered.

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Ransomware, To Pay or Not To Pay

A Q&A with Winston Krone, Kivu
Unfortunately, for now, it appears that ransomware attacks, wherein hackers encrypt data and hold the decryption key for a sum of money, are here to stay. That leaves the attacked organization with a tough quandary: whether or not to actually give in to the criminal’s demands. We talked to Kivu’s Winston Krone about the latest thinking on when it’s appropriate to pay the ransom.

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New HHS Guidance Combats Cyber Threats in Healthcare

A with Reece Hirsch of Morgan Lewis
Late last year, the U.S. Department of Health and Human Services (HHS) released voluntary cybersecurity standards that help bring the HIPAA Security Rule into focus and up to date with current cyber threats. The new guidance could also have implications for the way “reasonable standards” are legally defined going forward. We spoke with Reece Hirsch, co-head of the Privacy and Cybersecurity practice atMorgan Lewis, about the guidance and its advantages for healthcare organizations.

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GDPR So Far

A Q&A with Ian Birdsey of Pinsent Masons
The European Union’s General Data Protection Regulation (GDPR) has been implemented for over a year, and we can now start to understand just how this sweeping law is being enforced and the ways it has positively impacted data security. We posed these questions to Ian Birdsey, data protection specialist and partner of Pinsent Masons, LLP.

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