Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Cyber Insurance: Insuring the Intangible

Whichever way you look at it, the talk around cyber has been gathering steam. Plenty of commentators on the insurance market have predicted that 2021 will be the year that cyber insurance comes into its own. Cyber risks are constantly shifting and personal and commercial insurance is fast becoming a must-have. However, it’s hard to draw the line between the two as remote working becomes more common so insurers are finding it difficult to write cyber in a general sense. Demand won’t drop off though. Nor will the threats.

Weekly Cyber Security News 21/05/2021

A selection of this week’s more interesting vulnerability disclosures and cyber security news. For a daily selection see our twitter feed at #ionCube24. This first article makes a really good point of pointing out how ludicrous the apathy to tighten exposed service is. The cloud providers have done a lot to make it obvious vulnerable services are exposed, but no, people still can’t or ignore such advice. Is it lack of capability? Ignorance? Cost cutting? Maybe all of them.

The Colonial Pipeline Incident Fallout and Building Zero-Trust

Back in March, a hacking group known as DarkSide began a campaign on Colonial Pipeline’s IT network and billing systems. On May 7th, Colonial publicly announces the attack, shuts down servers and some pipelines and pays DarkSide $4.4M in ransom. On May 12th, Colonial restores operations and announces fuel delivery timelines amidst panic buying at gas stations.

Cloud Threats Memo: How Contact Tracing and Personal Cloud Apps Led to a Huge PII Exposure

COVID-19 contact tracing and personal cloud apps, what could possibly go wrong? A recent federal lawsuit, filed against the state of Pennsylvania and a vendor contracted by the state’s Department of Health, provides an interesting answer. The vendor in question was contracted “to provide contact tracing and other similar services” following the outbreak of COVID-19 in March 2020.

What is Residual Risk? Why it Matters So Much in 2021

Residual risk is the threat or vulnerability that remains after all risk treatment and remediation efforts have been implemented. Even with an astute vulnerability sanitation program, there will always be vestiges of risks that remain, these are residual risks. Because they will always be present, the process of managing residual risk involves setting an acceptable threshold and then implementing programs and solutions to mitigate all risks below that threshold.

Live From RSAC: Anne Neuberger Addresses President Biden's Executive Order on Cybersecurity

Anne Neuberger, Deputy National Security Advisor for Cyber and Emerging Technology, addressed President Biden’s executive order at the virtual RSA Conference this week. The executive order, announced on May 12, 2021, aims to safeguard U.S. cybersecurity and modernize cybersecurity defenses. As Neuberger explains, this executive order couldn’t come at a more critical time.