Why encrypted tech may not be as safe as you think
Encrypted technology has been identified as a potential risk as cyber criminals find ways to hide malware within the data.
A report from application network and security firm A10 Networks in conjunction with the Ponemon Institute found that 80 per cent of organizations suffered a cyber-attack in the past year; almost half used malware hidden in encrypted data to evade detection.
The issue is that the SSL technology which makes the data hard to spot by would-be attackers is also hard for many common security tools.
The survey reveals that 75 per cent of respondents understand that their networks are at risk from encrypted traffic and around two-thirds are unprepared to detect malicious SSL traffic.
As encrypted traffic grows, with companies believing it is the safer option, so will the risk unless organizations also ensure that security protocols are able to cope.
Ridge Global expands into Canada
Ridge Global, the specialist cyber insurance and security company founded by former US Director of Homeland Security Gov. Tom Ridge, has expanded into Canada.
"Cyber risk is different from other forms of risk, so you cannot purchase reliable insurance for this 21st Century risk in antiquated ways. Moreover, too many senior executives and risk officers are finding out that their existing cyber coverage is insufficient only after the chaos caused by a breach," said Gov. Ridge, Chairman of Ridge Global. "That is why we have created customized insurance solutions that we combine with segment-specific risk management.
Ridge Canada is based in Toronto are headed by Greg Markell as CEO. Its tailored products are available to insurance agents and brokers nationwide.
Harris named head of Chubb’s global services
Chubb North America has appointed Tom Harris to lead its Global Services division as executive vice president.
His role will include worldwide responsibility for delivering the firm’s commercial lines insurance products for global clients and the oversight and development of Chubb’s online risk management tools portal.
"We are pleased to welcome Tom into this key leadership role. His appointment demonstrates our intent to grow and invest in the servicing and core program support that our customers have come to expect from Chubb,” commented Chris Maleno, Senior Vice President, Chubb Group.
