Spurred by the rash of high-profile hacks, companies are purchasing cyber-insurance to protect themselves from the financial liability associated with data loss and business disruption. But the still-maturing market for cyber-insurance remains fraught with loopholes and inconsistencies, and suffers from a shortage of qualified staff who can properly assess cybersecurity profiles, experts and CIOs say."The application process is less than what you would think it would be, in terms of the due diligence," says Shawn Wiora, CIO and CISO of Creative Solutions in Healthcare, a nursing care facility provider. "I like to work with strong partners and, at this point, I'm not sure that a lot of [the insurers] know what they're doing."To read this article in full or to leave a comment, please click here
An escalation in the frequency, severity and impact of cybersecurity attacks damaging corporate operations, finances and reputations is forcing boards of directors to take more active roles in their company's defensive posture. However, the level of participation in their companies' risk mitigation strategy remains lacking, according to new research from PwC.Forty-five percent of 10,000 CEOs, CFOs, CIOs and other executives PwC polled said that their boards participated in corporate cybersecurity strategy, up from 42 percent when PwC conducted a similar survey for 2014, according to David Burg, PwC's global cybersecurity practice leader. But given the glut of cybersecurity attacks Burg says the numbers are lower than they should be. "It is surprising that this number isn't north of 75 percent,” says Burg, who published the data in a new report. “In a world of connected business ecosystems, you’re only as strong as your weakest link.”To read this article in full or to leave a comment, please click here
HP's plan to lay off 33,000 workers over the next three years -- the latest step in its massive restructuring -- underscores the challenges the tech giant faces as it seeks to adapt to changing demands in corporate computing.CIOs, many of whom are under pressure to inject digital capabilities into their businesses and support increasingly mobile workforces, are shifting spending away from enterprise hardware and services to cloud, mobile and analytics software. Incumbent vendors are scrambling to keep up, each in different ways. However, HP’s answer to the challenges is the most dramatic and headline-grabbing.To read this article in full or to leave a comment, please click here
SAN FRANCISCO – Companies building mobile and Web applications to support their digital businesses depend on a mix of private and public clouds to exchange data, said Bill Fathers, VMware's executive vice president and general manager of cloud services, at the company’s VMworld customer event here Monday.
Fathers said companies are struggling to deal with a "fundamental shift in application deployment patterns,” That's forced CIOs to think about "network architecture and data residency." In short: how data is moving back and forth between various on-premises systems and cloud environments the apps connect to. VMware is aiming to address these challenges with its unified hybrid cloud, which includes server, storage and network resources designed to enable companies to run any application on any device. The company announced several new software products in support of this initiative.To read this article in full or to leave a comment, please click here
Clint Boulton