Ian-Edward Stafrace

372 Added | 1 Magazine | 8 Likes | 3 Following | 937 Followers | @ianstafrace | Chief Risk Officer, Atlas Insurance PCC, an EU Protected Cell Company www.atlaspcc.eu President, Malta Association of Risk Management www.marm.org.mt

Massive Equifax data breach hits 143 million

<b>About 143 million US customers of credit report giant Equifax may have had information compromised in a cyber security breach, the company has disclosed.</b><p>Equifax said cyber-criminals accessed data such as Social Security numbers, birth dates and addresses during the incident.<p>Some UK and Canadian …

Identity Theft

GDPR – sorting the fact from the fiction

By Elizabeth Denham, Information Commissioner.<p>The General Data Protection Regulation comes into force on 25 May 2018.<p>That’s not new news. But it is a …

Running a Data Breach Drill

You spent valuable time and resources crafting a cybersecurity breach action plan. You’ve assembled a multidisciplinary response team. You’ve …

Time for a Global Discussion on Climate Geoengineering

<i>Imagine a scenario where, after insufficient action by world governments, global temperatures have continued to rise; impacts of climate change have</i> …

Climate Change

Bursting Out of the CEO Bubble

When you’re the CEO of a large organization—or even a small one—your greatest responsibility is to recognize whether it requires a major change in direction. Indeed, no bold new course of action can be launched without your say-so. Yet your power and privilege leave you insulated—perhaps more than …

Leadership

Innovation and Risk Management: A Q&A with Google - Aon

<i>At first glance, innovation and risk management may seem diametrically opposed—the limitless possibilities of “what could be” being dragged down by</i> …

Rethinking Risk to Achieve Efficient Growth

The single biggest differentiator of profitable growth companies is their ability to allocate capital to bigger, riskier growth bets. Rather than …

Profit

Ten steps to mitigate system outage risk

There are fewbetter examples of how the cost of a seemingly innocuous IT system outage can spiral than the crash of British Airways’ (BA) global …

The Components of Top Security Awareness Programs

A good security awareness program is a great way to inform personnel on any kind of malicious activity targeting an enterprise’s use of cyberspace. …

To Shape the Future, Write Its History

Summary:<p>We need stories to crystallize and internalize concepts and plans. We need shared stories to unite us, and guide us toward a collective …

Blockchain: what risk managers need to know

There is no greater risk to our global economy in the coming years than a large-scale cyber event. Blockchain may represent the best hope for …

Blockchain

Passwords becoming passé—and it can’t happen soon enough

It looks like 2017 is con­tin­u­ing right where 2016 left off—with news of a mas­sive data leak and thou­sands of pass­words being exposed on the …

Marissa Mayer

Are You Ready For The Fourth Industrial Revolution?

Overview<p>Every generation or so, technology takes a giant leap forwards. Steam power, electricity and computing – each have revolutionized the way we …

WannaCry and Petya attacks: businesses must plug the cyber governance gap

Organisations require a greater focus on cyber risk governance if they are to tackle the growing threat of cyber attacks, according to FERMA, the …

Cybersecurity

Step Plan GDPR Implementation

From May 2018 on, the EU General Data Protection Regulation (GDPR) will apply to all European entities and – due to the Extended territorial scope – …

Putting the fun back into risk

My career at LEGO Group has given me some insight into the direction in which the world is moving and the role of risk management within that.<p>Thirty …

About FERMA - www.ferma.eu

Why the promise of big data hasn’t delivered yet

Rosemary Barnett Contributor<p>Rosemary Barnett is a senior business analyst at Black Swan.<p>The ubiquity of big data is such that Gartner dropped it from their Hype Cycle of Emergent Technologies back in 2015. Across sectors, businesses are scrambling to make every function “data driven,” and there’s …

Big Data

JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours

At JPMorgan Chase & Co., a learning machine is parsing financial deals that once kept legal teams busy for thousands of hours.<p>The program, called …

Machine Learning

How to conduct an IoT pen test

Penetration testing was much like taking a battering ram to the door of the fortress. Keep pounding away and maybe find a secret backdoor to enter …

Internet of Things

Is blockchain the land of milk and honey? 9 experts share their concerns

Looking beyond the blockchain hypeBlockchain comes in handy if you don’t want to put your trust in a specific third party. It is great if you want …

Blockchain

Ten Months And Counting: Five Things Your IT Department Needs to Know to Prepare for GDPR

The hour cometh. The European Union’s General Data Protection Regulation (Regulation (EU) 2016/679) (the “GDPR”) goes into effect on May 25, 2018. If …

Personal Data

Strengthening Risk Management in the Wake of Petya Ransomware Outbreak - Practically Speaking Blog

If you work in technology and have a working Internet connection, chances are good that you heard of (best case) or experienced firsthand (worst …

Massive ransomware infection hits computers in 99 countries

<b>A massive cyber-attack using tools believed to have been stolen from the US National Security Agency (NSA) has struck organisations around the world.</b><p>Cyber-security firm Avast said it had seen 75,000 cases of the ransomware - known as WannaCry and variants of that name - around the world.<p>There are …

Cybersecurity

How to pitch risk to the board

Communication is a key tool in any risk manager’s armour. Often a risk professionals’ success or failure comes down to their ability to convince the …

The risks of employees’ social media posts

Social media is the defining communication development of our generation. It might also be one of the most complex, broad and hardest to monitor …

Boards wanting more qualitative focus on risk management

A leading group of senior business executives and risk specialists, together with Airmic, has called for greater air time for risk management at the …

Are Passwords Finally Becoming Passé?

Summary:<p>Passwords are cheap to deploy and users understand them, but three key factors are converging that will replace them before too long.<p>It looks …

Here's What You Need to Know About The Massive 'Cloudbleed' Data Breach

Now's a good time to change some passwords.<p>A huge data breach that may have exposed users' private information and log-in details for thousands of …

Security

Risk managers have vital role in creating positive culture

Corporate culture may be a hard-to-define concept but its tangible benefits are increasingly being recognised by business leaders, regulators and …