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
-
AIG’s McMurdo to join Steadfast MGA as CUO personal lines
- August 20
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
-
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.
-
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.
-
Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
-
HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
-
PineBridge Investments | Why Asian insurers are exploring private credit and CLOs
The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.
