Across the cyber security industry, ransomware is a hot topic. As frequency, severity, and loss continue to rise, professionals from across the industry are looking for solutions. At the 2020 NetDiligence Summer Summit on July 1, 2020, Moderator Richard Goldberg (Lewis Brisbois) led a team of thought leaders in a dynamic panel entitled “The Evolution…

Cybersecurity regulators at New York’s Department of Financial Service (NYDFS) are demonstrating their commitment to aggressive enforcement of recent cybersecurity regulations. Read this Q&A to learn about charges brought against one insurance company and how to reduce your financial business’ risk of becoming another cautionary tale.

On June 30, the NetDiligence Summer Summit kicked off with a perennial favorite, “Claims and Losses.” Moderator Simon Oddy (Baker Tilly) was joined by Mark Greisiger (NetDiligence), Joe Niemcyzk (Markel), Marissa Olsen (Aspen Insurance) and Jennifer Coughlin (Mullen Coughlin) to discuss recent developments and ongoing trends. Greisiger began with an overview of the preliminary findings…

On July 1, 2020, Stu Panensky (Fisher Broyles) led a spirited discussion at NetDiligence’s Virtual Summer Summit. Entitled “Tricky Breaches: Managed Service Providers” this panel brought together a dynamic group to elucidate the complex difficulties of managing and insuring breaches at MSPs and MSSPs. What are MSP/MSSPs and what makes them so tricky? Both MSPs…

The cybersecurity industry is ruled by a truism: not if but when. At the NetDiligence Virtual Cyber Summit, panelists Payal Patel (Marsh), Manish Karir (FICO), James Perry (CrowdStrike), and Tim Nunziata (Nationwide) joined moderator Spencer Timmel (Safety National) for “Predicting a Breach,” a discussion geared towards elucidating how technical tools and human resources can be…

Midway through the NetDiligence panel “Wrongful Use and Inadequate Disclosure,” speaker Chris Keegan (Beecher Carlson) offered a remarkable statistic – the amount of data collected in the past two years is greater than all the data collected to that point in history. Fellow panelist John Yanchunis (Morgan and Morgan) called this trove “the oil of…

Led by Drew Walter (Ascot), the NetDiligence panel “SME: Moving to a Proactive World” provided a concise picture of current market trends and a clear path forward. Panelists Lauren Tennant Pollock (AXA XL), Sam Kassoumeh (SecurityScorecard), and Rob Rosenzweig (Risk Strategies) convened at the Virtual Summer Summit on July 1, 2020 to summarize trends in…

The 2019 NetDiligence Claims Study shows that litigation defense, litigation settlements, regulatory defense, and regulatory fines make up a significant portion of claims allocation. Since both statutes, regulations, and judgements may be tied to the establishment of “reasonable” security, it behooves organizations to examine whether they have met this standard. Unfortunately, as the NetDiligence Virtual…

Ransomware Readiness and Response from NetDiligence on Vimeo. Ransomware remains one of the most widespread and damaging cyber attack methods. With more than 55% of small and medium-sized businesses forced to pay hackers in 2019, it’s with good reason that ransomware is the number one concern of many organizations around the world. Despite that ransomware…

What is the current environment in digital risk management? According to panelists at the NetDiligence Virtual Summer Summit, the two hot items are the COVID-19 pandemic and the rapid expansion of data privacy regulation. During the panel “Digital Risk Management: Lessons Learned in the Current Environment,” moderator Kara Owens (Markel) was joined by Andreas Kaltsounis…