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The first GDPR rulings on spreadsheet breaches are in – are the floodgates opening?

The impact of GDPR is starting to be felt. The UK Home Office appealed a data breach ruling under new legislation with an interesting outcome for businesses working with spreadsheets.

Topics: GDPR & Data Governance Data Security & Cyber Risk 2018.10 redesign data management

Breaking down barriers: What’s stopping risk managers from making use of data?

Risk managers cite a number of challenges in making use of data. We partnered with Airmic and Aon to research and address the challenges faced when managing data analytics in risk management.

Topics: Data Security & Cyber Risk data management Analytics, Reporting & Data Visualization risk management software

5 things your software vendor should be doing to support your company’s data-governance priorities

Data-privacy laws like the General Data Protection Regulation (GDPR) not only require your business to be compliant; they also require your company to ensure that the suppliers and partners who manage your data are compliant as well.

Technology vendors, like Ventiv, are classed as data processors when they hold or have access to your data. It is this classification that means they are subject to data protection rules, just as organizations that collect data are.

Topics: Data Security & Cyber Risk risk management GDPR & Data Governance

The business case for applying GDPR-level data governance across regions

The European Union’s General Data Protection Regulation (GDPR) is upon us, becoming enforceable on May 25, 2018. It’s no exaggeration to say that achieving compliance (as well as being able to demonstrate compliance) requires that companies make a fundamental shift in how they approach data governance. Companies worldwide are struggling with the magnitude and scope of the GDPR; however, those that get data governance right can reap significant benefits.

Topics: Data Security & Cyber Risk risk management GDPR & Data Governance

What should risk, insurance, claims, and safety leaders be doing to prepare for GDPR?

The European Union’s sweeping new privacy law—the General Data Protection Regulation, or GDPR—is the farthest-reaching data privacy law in the world. It becomes enforceable on May 25, 2018.

Topics: Data Security & Cyber Risk risk management GDPR & Data Governance 2018.10 redesign

Now is the time to manage your cyber risk

Over the last several years, the increasing sophistication of cyber attacks has left the risk management industry at something of a loss as to how to keep up. The types of attacks and hacks might continue to change, but businesses are slowly coming to grips with their vulnerabilities and putting cyber risk at the top of the agenda. The challenge now is implementing solutions as part of the risk management plan.

Topics: Data Security & Cyber Risk risk management

Asia-Pacific privacy framework shows data privacy is not just a European “thing”

The deadline for compliance with the EU’s General Data Protection Regulation (GDPR)—May 25, 2018—is rapidly approaching. With so much focus on GDPR, it’s easy to forget that making data privacy a fundamental legal right is not just a European priority. As companies put together their data governance and compliance strategies, it’s crucial that they do so with a global perspective. Now and in the future, companies need to ensure their strategies are flexible enough to satisfy a growing list of international compliance requirements.

Topics: GDPR & Data Governance Data Security & Cyber Risk

Risk managers should have cyber threats like social engineering at the top of their risk register

Cyber threats are consistently catching companies out, meaning organizations must adapt their IT measures and procedures to mitigate the evolving threat. Risk managers should designate cyber threats as one of the top risks to a business and should have relevant controls in place to help manage the threat level.

Topics: Data Security & Cyber Risk enterprise risk management

Ransomware – are you managing the IT risks?

The latest cyber- attack, using ransomware in partnership with a worm, has caused havoc across the globe, with Russia, Spain and the UK thought to be the most affected. Europol estimates there are 200,000 victims in 150 countries, although this figure is likely to rise.

Topics: Data Security & Cyber Risk

Cyber Exposure – Are You and Your Risk Management Systems Prepared?

I just read a well written article on the intersection between Cyber risk and Property risk.

Topics: Data Security & Cyber Risk