Cybersecurity Drives Insurance Crack Down
Cybersecurity Drives Insurance Crack Down: Be Prepared to Document Your Security Posture
A common question for cyber insurance brokers in the last few years has been “If I implement this cyber security control, will I get a discount on my insurance premium?” The answer has been typically “no.” But these days, the answer has changed to “no, you won’t get a premium discount. And if you don’t implement that security control, you might not even get insurance.”
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Technology First, Taste of IT Conference
2021 Technology First, Taste of IT Conference
Sinclair Conference Center, Dayton, OH
Aunalytics to Attend 2021 Technology First, Taste of IT Conference
Aunalytics is excited to meet over 400 IT professionals at the Technology First Taste of IT Conference on in Dayton, OH and share information on our Secure Managed Services and Aunsight™ Golden Record offerings with attendees. The new Secure Managed Services stack combines mission critical IT services leveraging zero trust end-to-end security to ensure people and data are protected regardless of location, while Aunsight Golden Record turns siloed data from disparate systems into a single source of truth across your enterprise.
How Cybersecurity Mitigation Efforts Affect Insurance Premiums, and How to Keep Your Business Secure
Cyberattacks have increased sharply over the past year. According to an August 2021 survey by IDC, more than one-third of organizations globally have experienced a ransomware attack or breach that blocked access to systems or data over the last twelve months. As a result, insurance companies are tightening eligibility requirements for cybersecurity coverage and requiring their insured to maintain higher standards of data security in order to qualify for better rates, and sometimes for renewal at all. Rates are increasing—up to 100%—for 2022, even for companies without any cyber incidents.
If you have received a renewal notice with a shocking sticker price for 2022, it is time to review your internal controls and security to learn if you can put in place further data protection to lower your rate. Worse, if you have received a notice that your business insurance policies are now excluding cyber coverage, data theft, or privacy breaches, you may be forced to shop for new cyber coverage at a time when attacks are at an all-time high. Without adequate security controls, obtaining coverage may be impossible. Due to the high cost of data breach incidents, you need to make sure that you are eligible for cyber coverage, but what does it take for 2022?
Aunalytics compliance and security experts are ready to help. We provide Advanced Security and Advanced Compliance managed services including auditing your practices, and helping you to mature your business cybersecurity processes, technology and safeguards to meet the latest standards and prevent new cyberattack threats as they emerge. Security maturity is a journey, and best practices have changed dramatically over the years. Threats evolve over time and so too must your cyber protection for your business to remain compliant and operational.
Does Your Cybersecurity Meet 2022 Insurance Renewal Standards?
Does Your Cybersecurity Meet 2022 Insurance Renewal Standards?
Given the increasing volume of cyberattacks over the past year, underwriters are tightening eligibility requirements for cybersecurity coverage. Learn how to put in place the necessary security controls to safeguard your business and secure insurance coverage.
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Think your financial institution is immune to ransomware? Think again.
Many organizations in the financial services sector don’t expect to be hit by ransomware. In the recent State of Ransomware in Financial Services 2021 survey by Sophos, 119 financial services respondents indicated that their organizations were not hit by any ransomware attacks in the past year, and they do not expect to be hit by them in the future either.
The respondents mentioned that their confidence relied on the following beliefs:
- They are not targets for ransomware
- They possess cybersecurity insurance against ransomware
- They have air-gapped backups to restore any lost data
- They work with specialist cybersecurity companies which run full Security Operations Centers (SOC)
- They have anti-ransomware technology in place
- They have trained IT security staff who can hinder ransomware attacks
It’s not all good news. Some results are cause for concern. Many financial services respondents that don’t expect to be hit (61%) are putting their faith in approaches that don’t offer any protection from ransomware.
- 41% cited cybersecurity insurance against ransomware. Insurance helps cover the cost of dealing with an attack, but doesn’t stop the attack itself.
- 42% cited air-gapped backups. While backups are valuable tools for restoring data post attack, they don’t stop you getting hit.
While many organizations believe they have the correct safeguards in place to mitigate ransomware attacks, 11% believe that they are not a target of ransomware at all. Sadly, this is not true. No organization is safe. So, what are financial institutions to do?
While advanced and automated technologies are essential elements of an effective anti-ransomware defense, stopping hands-on attackers also requires human monitoring and intervention by skilled professionals. Whether in-house staff or outsourced pros, human experts are uniquely able to identify some of the tell-tale signs that ransomware attackers have you in their sights. It is strongly recommended that all organizations build up their human expertise in the face of the ongoing ransomware threat.
Aunalytics Wins a 2021 Digital Innovator Award from Intellyx
South Bend, IN (October 19, 2021) - Aunalytics, a leading data platform company delivering Insights-as-a-Service for enterprise businesses, announced today that it has received a 2021 Digital Innovator Award from Intellyx, an analyst firm dedicated to digital transformation.
As an industry analyst firm that focuses on enterprise digital transformation and the disruptive technology providers that drive it, Intellyx interacts with numerous innovators in the enterprise IT marketplace. Intellyx established the Digital Innovator Awards to honor technology providers that are chosen through the firm’s rigorous briefing selection process and deliver a successful briefing.
“At Intellyx, we get dozens of PR pitches each day from a wide range of vendors,” said Jason Bloomberg, President of Intellyx. “We will only set up briefings with the most disruptive and innovative firms in their space. That’s why it made sense for us to call out the companies that made the cut.”
Aunalytics offers a robust, cloud-native data platform built to enable universal data access, powerful analytics, and AI-driven answers. Customers can turn data into answers with the secure, reliable, and scalable data platform deployed and managed by technology and data experts as a service. The platform represents Aunalytics’ unique ability to unify all the elements necessary to process data and deliver AI end-to-end, from cloud infrastructure to data acquisition, organization, and machine learning models – all managed and run by Aunalytics as a secure managed service. And, while typically large enterprises are in a better position to afford advanced database and analytics technology, Aunalytics pairs its platform with access to its team’s expertise to help mid-market companies compete with enterprise companies.
“We’re honored to have been selected by a respected analyst firm such as Intellyx to receive its 2021 Digital Innovation Awards,” said Rich Carlton, President of Aunalytics. “It is a testament to the value we bring to our customers who are challenged with the need to achieve critical insights to operate more efficiently and gain a competitive edge.”
For more details on the award and to see other winning vendors in this group, visit the 2021 Intellyx Digital Innovator awards page here.
Tweet this: .@Aunalytics Aunalytics Wins a 2021 Digital Innovator Award from Intellyx #Dataplatform #Dataanalytics #Dataintegration #Dataaccuracy #Advancedanalytics #Cloudnative #Artificialintelligence #AI #Masterdatamanagement #MDM #Datascientist #Machinelearning #ML #Digitaltransformation
About Aunalytics
Aunalytics is a data platform company delivering answers for your business. Named a Digital Innovator by analyst firm Intellyx, and selected for the prestigious Inc. 5000 list, Aunalytics provides Insights-as-a-Service to answer enterprise and midsize companies’ most important IT and business questions. The Aunalytics® cloud-native data platform is built for universal data access, advanced analytics and AI while unifying disparate data silos into a single golden record of accurate, actionable business information. Its DaybreakTM industry intelligent data mart combined with the power of the Aunalytics data platform provides industry-specific data models with built-in queries and AI to ensure access to timely, accurate data and answers to critical business and IT questions. Through its side-by-side digital transformation model, Aunalytics provides on-demand scalable access to technology, data science, and AI experts to seamlessly transform customers’ businesses. To learn more contact us at +1 855-799-DATA or visit Aunalytics at https://www.aunalytics.com or on Twitter and LinkedIn.
PR Contact:
Denise Nelson
The Ventana Group for Aunalytics
(925) 858-5198
dnelson@theventanagroup.com
Top 10 Healthcare Industry Cyberattacks
Top 10 Healthcare Cyberattacks
Cybercrime targeting the healthcare industry is big business and affects organizations across the spectrum. In 2020, cyberattacks in healthcare doubled over those in 2019 by hackers trying to take advantage of operational chaos and increased demand for healthcare services during the COVID-19 global pandemic. Sensitive information found in medical records are a hot and valuable commodity on the dark web. As a result, healthcare firms have become a target for hackers because of the large amount of personal information in their possession.
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Cyberattacks and Financial Institutions in 2021
Cyberattacks and Financial Institutions in 2021: What You Need to Know, and What You Need to Do to Thwart Threats
For the past six years, the finance sector has been ranked #1 as the most cyberattacked industry. Even so, in 2020, attacks against banks and other financial institutions climbed an incredible 238% followed by a further impressive 118% increase in 2021.
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