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Data breach
The average bot attack costs a company $85.6m - here’s how to defend yourself
New research reveals bot attacks cost companies the equivalent of over 50 ransomware payouts every year while remaining undetected for four months. Here’s how to protect your business
Risk managers voice concern over sensitive data stored by cyber insurers
Airmic members say the “gold mine” of sensitive data they share with underwriters could present a security risk
Make 2023 the year of zero trust
Uber, Optus and Medibank are cautionary tales in corporate network access, writes MyCena’s Julia O’Toole
ESG presents ‘significant exposure’ for D&Os
Fallout from a global recession, lax cyber security and an uptick in litigation are other key risk drivers for 2023
Australian data breaches up 14% - OAIC
The number of major breaches caused by cyber security incidents - including ransomware - calls for up-to-date response plans
Risk management and next-generation technology
Why firms must proactively construct risk management capabilities to keep pace with transformative change
Cyber extortion grows in sophistication, warns Beazley
Data exfiltration is now prevalent in a significant majority of incidents as extortion techniques become increasingly complex
India’s new cyber rules criticised by tech firms
The data protection rules will require firms to report a breach within six hours of discovery
Cyber and data loss D&O's top risks
Climate change was ranked 6th by respondents in Asia and Australasia - WTW and Clyde & Co
Singapore to increase data breach fines for FIs
Under the Financial Services and Markets Bill the maximum fine would be raised to $1m per breach
2021 sets new data breach record
Nearly six billion accounts were impacted globally, with the COMB breach the biggest leak in history - Atlas VPN
Cyber threats growing faster than “ability to manage them”
Rewarding efficiency over resilience ’can leave companies vulnerable to shocks’, says Marsh’s Carolina Klint
COVID-19: Fallout continues for Indian firms
The pandemic, a prolonged recession, cyberattacks and data fraud are the primary short-term risks, finds RIMS and Marsh
PARIMA Resilience Week: How corporates can build resilience with data
Corporates can use data insights to build resilience and improve risk management, according to Jonathan Rake, CEO Asia Pacific, Swiss Re Corporate Solutions.
AXA’s Asian operations hit by ransomware attack
It comes a week after AXA said it would be dropping extortion payments when underwriting cyber-insurance policies in France
Vaccine passports and privacy pitfalls
The data in ‘vaccine passports’ is the most sensitive information many firms will have ever managed
Cyber tops list of concerns for D&Os
The shift towards WFH has heightened cyber attack and data loss risks, with exposures for senior managers, finds survey
Are you ready for 5G?
Risk managers must ensure that the business opportunities offered by 5G are not outweighed by extra security threats
Human factor dominates data breach notifications
Data breaches attributed to human error continue to increase according to the Office of the Australian Information Commissioner
StrategicRISK Q4 2020: Twenty years in risk!
When StrategicRISK was born, few could have anticipated the world of risks we would be facing 20 years on
Data leaks surge almost 500% during pandemic
12 billion records were exposed in the first half of 2020. More than the total number of records leaked during the whole of 2019
Cyber threats grow in Singapore
Cybercrime cases now accounting for more than a quarter of overall crime in Singapore - EverEdge
Marriott reveals new breach: 5.2 million exposed
The new compromise follows a major breach of up to 339 million guests, discovered in 2018
2019 cyber security: get the basics right first
StrategicRISK spoke to Cynch Security’s chief wayfinder, Susie Jones, about her reflections on 2018 and what risk managers need to know going into 2019.
Loss in brand equity, data theft, and lack of technological innovation, named top three digital transformation risks
During a live poll at StrategicRISK’s Knowledge Singapore event, risk managers mapped out the effectiveness of controls in managing digital transformation risk.