What cyber insurance is and why it matters
While on a recent business trip to Russia, RIAC web editor Anastasia Tolstukhina met up with Dr. Andreas Kuehn, Senior Program Associate of the EastWest Institute to discuss the EastWest Institute’s recent report “
Cyber Insurance and Systemic Market Risk
”. The ...
... security, private companies, which are keen to safeguard themselves and their customers, have chosen to conduct negotiations with each other on information security cooperation and are launching their own initiatives. Thus, coming into existence is a business information security track running parallel to the government.
In February 2017, Microsoft’s President Brad Smith launched the Digital Geneva Convention initiative. The Convention is expected to oblige governments not to take cyber attacks on private sector companies or the critical infrastructure of other states, and not to use hacker attacks to steal intellectual property.
Overall, the document formulates
six basic principles
of international cybersecurity:
No targeting ...
... expert groups make groundbreaking progress, leading UN member states to agree on how to behave in cyberspace and respond to cyber attacks? Despite the positive agenda, some of the most sceptical voices in this discussion come from the business community.
Businesses claim that they have the most to lose from
cyber attacks
and are often responsible for dealing with the aftermath. Businesses are increasingly willing to take matters into their own hands when cyber attacks occur, but the UN continues discussing whether there could be a universal solution to cybercrime....