Crawford & Company: Singapore Health Services Cyber Attack
December 23 2018
Cyber attacks – fighting back
In the wake of Singapore’s largest cyber attack, which saw the personal data of over 1.5 million patients hacked, the latest report from Crawford & Company® urges companies to stop asking “Are we safe?” and start asking, “What risk are we exposed to based on our current security program?”
According to the report, “Singapore Health Service Cyber Attack – Lessons Learned”, the phrase ‘time is money’ is never more applicable than when a breach occurs. That is when having an effective Cyber Security Incident Response Plan is essential to reducing both time and cost of response.
Examining key aspects of the SingHealth cyber attack, the report outlines the primary steps all companies must take in the critical 48-hour period following detection of a breach. From notification, to containment and investigation, through to remediation, each stage helps ensure a speedy and effective resolution.
Paul Handy, BSc (Hons), MBA, ACII, FCILA, FIFAA, ACMI
Head of Cyber and Technology Risks
T: +44 207 265 4320
M: +44 7827 879187
E: [email protected]
www.crawco.com/services/cyber-risk
-
QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
-
Swiss Re: Nat cats and man-made disasters in 2018
- April 10
Climate change, increased urbanisation and a growing concentration of assets were on the risk agenda for 2018.
-
Willis Towers Watson: 2019 Asia Market Report
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
-
Peak Re: Emerging Asia’s life and health opportunity
- March 11
Life and health premium growth is expected to outpace GDP gains in eight Asian markets.
-
Peak Re | From climate modelling to market opportunity: forging a new clarity on Southeast Asia’s climate risk
With the insurance industry facing an inflection point, the new imperative is seen as becoming active creators of risk intelligence.
-
BHSI WICare+ | Accelerating Payments, Empowering Recovery
Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
-
BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
-
Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
