CDM-CYBER-DEFENSE-eMAGAZINE-March-2019

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However, the past year has also witnessed a growing threat from nation states, which increasingly use technology to play out rivalries and conflicts, with implications for businesses. Nation states and affiliated hacker groups have targeted universities and public sector agencies, looking to steal valuable data and trade secrets, as well as the networks and industrial control systems (ICS) of critical infrastructure companies. NotPetya was attributed to Russian-backed hackers targeting Ukraine while energy companies in the Middle East have been hit with destructive malware attacks. Iot and New Tech Advancements in technology are also generating new cyber threats and vulnerabilities. Organizations are concerned about the effect of increasing interconnectivity and developments such as automation and artificial intelligence. Vulnerability is also growing with the increase in connected devices, with the Internet of Things (IoT), Industry 4.0 and digitalization of supply chains, which create new attack fronts for criminals and nation states to exploit. According to cyber security firm Kaspersky, over three quarters of the companies it surveyed expect to become a target of a cyber security attack in the ICS space. However, only 23% are compliant with minimal cybersecurity guidance or regulations of ICS. In 2016, a DDoS attack against internet company Dyn used a botnet army of corrupted IoT devices, while December 2018 saw hackers take control of 50,000 connected printers around the world to create posters supporting vlogger PewDiePie. “Silent Cyber” Becomes More Noisy The WannaCry and NotPetya malware attacks highlight the growing risk of BI and even physical damage from malware and other cyber incidents. They also have accelerated discussions around cyber insurance and in particular the need for affirmative cover. The NotPetya attack is expected to generate around $3bn in losses for insurers, according to Property Claims Services. However, some 90% of this total can be attributed to so-called “silent cyber” exposure, with only 10% covered by affirmative cover. Non-affirmative cover is where cover for cyber incidents may exist in traditional property/casualty (P&C) policies, even though this was not the intention of the underwriter. “Silent” or non-affirmative cyber exposures lead to inadequate protection for businesses with a lack of certainty and transparency for all parties involved. As part of a group-wide project, Allianz has reviewed cyber risks in its P&C policies in the commercial, corporate and specialty insurance segments and developed a new underwriting strategy to address “silent cyber” exposures. It is clear from these findings that every company needs to adopt an IT security position which is adequate to its size, operations and risk profile and invest in technological security solutions, proper backup mechanisms and staff training. Companies need to think about all of their employees as members of the cyber security team and provide them with proper training and empowerment to transform their staff from the ‘weakest link’ to the ‘first line of defense’.
About the Author Emy Donavan is currently serving as Global Head and CUO of Cyber, Tech & Media PI for Allianz Global Corporate and Specialty (AGCS). In July of 2018, she was also tasked to head Allianz SE’s Cyber Center of Competence, which provides support and expertise on Cyber products for all Operating Entities of Allianz.
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Data Breaches: Beyond Exposing Iden
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CONTENTS (cont') Prioritizing Secur
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@CYBERDEFENSEMAG CYBER DEFENSE eMAG
Page 22 and 23: Data Breaches: Beyond Exposing Iden
Page 24 and 25: About the Author Kem Gay is an Inte
Page 26 and 27: Rip Off the Band-Aid This leaves us
Page 28 and 29: Why Biometric Data Use Poses Unique
Page 30 and 31: • DNA Kits: If you purchased or u
Page 32 and 33: How to be Workforce Ready and Stand
Page 34 and 35: Maximiliano Gigli, a third-year cyb
Page 36 and 37: Interestingly, the two groups diffe
Page 38 and 39: Cross-site Scripting Is an Underrat
Page 40 and 41: Stealing HTML5 web storage data: HT
Page 42 and 43: Cybersecurity in New York City, the
Page 44 and 45: A boom in cybersecurity startups se
Page 46 and 47: illion risks and threats among its
Page 48 and 49: Some Important Developments in the
Page 50 and 51: About the Author Sharmistha Sarkar
Page 52 and 53: employees to contractors and sub-co
Page 54 and 55: The Internet of Things Engineering
Page 56 and 57: About The Author Milica D. Djekic i
Page 58 and 59: kind. Many of them require some kin
Page 60 and 61: 2019 Risks in Focus: Cyber Incident
Page 64 and 65: Why Insider Threats Are One of the
Page 66 and 67: Unlike with outside security threat
Page 68 and 69: Organizations will also frequently
Page 70 and 71: The US Must Catch Up to Other Promi
Page 72 and 73: The fact is, the wider internationa
Page 74 and 75: Integrate Compliance and Regulation
Page 76 and 77: Security have and have-nots How org
Page 78 and 79: 1. People Having the right people c
Page 80 and 81: sources (such as syslog’s, Net Fl
Page 82 and 83: Limitations of Current Endpoint Sec
Page 84 and 85: For effective detection, most EDR s
Page 86 and 87: Why Wi-Fi Hacking Will Persist Desp
Page 88 and 89: About the Author Ryan Orsi is Direc
Page 90 and 91: questions such as, “Who added a w
Page 92 and 93: About the Author Josh Paape is an O
Page 94 and 95: for well-known, repeatable needs fi
Page 96 and 97: Overcoming Software Security Issues
Page 98 and 99: Implementing Security Checks at Str
Page 100 and 101: Phishing in the Dark: Employee Secu
Page 102 and 103: phishing threats. Furthermore, almo
Page 104 and 105: Unfortunately, once an application
Page 106 and 107: Software Should Come with a “Nutr
Page 108 and 109: vulnerabilities. If they find vulne
Page 110 and 111: I can't get no satisfaction, I can'
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How Organizations Should Choose a L
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load balancers capable of integrati
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SaaS DNS Security: Are you Protecte
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associated with any security event
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We’ve launched http://www.CyberDe
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Marketing and Partnership Opportuni
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Regent University’s Institute for
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