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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Cyber Liability Insurance: A Solution to Cyber Security Breaches

Cyber security breaches have become common these days. Be it a large company or a small firm all seem to be vulnerable to this risk. So, the question that disturbs these organizations where data is the biggest asset is – What steps should we take to protect from such security breaches?

Matt Cullina, CEO of IDT911, gives a simple answer to this big question – Cyber Liability Insurance and provides following advice on this topic:

  • Yes, you need cyber-liability insurance
  • But probably not a cyber-liability policy
  • You need less coverage than you think
  • You'll pay less for it than you'd expect
  • Knowledge is more valuable than cash

To understand these in detail and know more about Cyber Liability Insurance, please read the following article byMinda Zetlin, Co-author, 'The Geek Gap', at inc.com:

http://www.inc.com/minda-zetlin/5-surprising-things-you-need-to-know-about-cyber-liability-insurance.html

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Security Analytics: A Solution to Security Breaches

Breach of security has always been an important issue for any organization. Analytics has also provided a solution to this problem in the form of Security Analytics.

According to Eric Ahlm, Research Director at Gartner, "Security analytics platforms endeavor to bring situational awareness to security events by gathering and analyzing a broader set of data, such that the events that pose the greatest harm to an organization are found and prioritized with greater accuracy."

Two important applications of security analytics are:

  • Security Information and Event Management (SIEM)        
  • User Behavior Analytics (UBA)

To sum up, although security industry is still immature in the application of analytics, it still holds huge growth opportunities.

To know more, visit the following link:

http://www.firstpost.com/business/security-analytics-play-major-role-finding-breaches-says-gartner-2199152.html

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