While many assume the top causes of data breaches can be attributed to cyber thieves, the leading causes are actually due to "miscellaneous errors."
Cyber insurance is good to have, but it won't protect a company against a breach. Insurance should be viewed as one aspect of a more comprehensive strategy.
Considering that a smart phone purchased just two years ago is nearly obsolete, imagine using computer protocols that are 30 to 40 years old for business?
Global law firms need to work with hedge funds to improve cybersecurity risk management by identifying at-risk assets and a legal risk mitigation response.
The regulatory issues financial services companies face may increase in 2015. The rules require that sensitive data be shared with examiners and agencies.