Forbes Insights with IBM Resiliency
Cyber insurance: A study in fine print
Written by forbesinsights | September 11, 2019 | Business resiliency, Business transformation, Financial services
The economic damage from cybercrime doesn’t always come in the form of bits and bytes. Malware such as NotPetya and WannaCry are behind the most damaging attacks to date, according to Munich Re. The latest ransomware events join a long list of claims denied by insurers, leaving many to wonder: What does cyber insurance actually cover? ...read more
Availability coverage by cloud service providers: Who bears the true cost of a cyber event?
Written by forbesinsights | September 11, 2019 | Business resiliency, Business transformation
Most organizations rely on their cloud-service providers’ guarantees of security, recovery and continuity, yet there is a remarkable lack of confidence that those providers can deliver on their promises in a cyber event. ...read more
Shadow IT: You can’t protect what you can’t see
Written by forbesinsights | September 11, 2019 | Business resiliency, Business transformation
The democratization of IT means most users no longer have to beg, borrow or steal to get the technology they want. Anyone with a credit card and an internet connection can line up a cloud-based solution designed specifically for their team or their line of business—and many are doing so with no regard for security. Who should be responsible if something goes wrong? ...read more
Cyber resilience perception gaps: What could go wrong?
Written by forbesinsights | September 11, 2019 | Business resiliency, Business transformation
Protecting enterprise systems against cyber threats is a strategic priority and a well-funded, highly analyzed process at most organizations. Worldwide spending on cybersecurity is estimated by Gartner at $124 billion for 2019, up nearly 9% from last year. But not every new threat to cybersecurity can be addressed through financial investment alone. As technological ecosystems grow beyond contained enterprise systems into infinite networks, a number of gray areas arise where it is not clear who is responsible for security and who bears the costs if there is a breach, an outage, a simple error or outright sabotage. Shadow IT, availability coverage by cloud-service providers, and cyber insurance coverage are three of the most vexing and persistent blind spots for CIOs today. ...read more