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GDPR basics

The General Data Protection Regulation (GDPR) is a broad-sweeping EU privacy law designed to increase an individual’s right to control personal data. Learn about GDPR, whether it applies to you, and how to get started with compliance issues. The GDPR materials presented here are informational only. For specific questions about GDPR compliance, please consult a trained professional.

WHAT IS GDPR?
The General Data Protection Regulation (GDPR) is a European Parliament regulation that came into effect on May 25, 2018. The regulation is designed to harmonise data privacy laws across Europe with the intention to protect and strengthen the privacy rights of EU residents.

COMMON GDPR TERMS
Data controller means the person(s) who determine the purposes and means of processing personal data.

Data exporter means a controller (or, where permitted, a processor) established in the EU that transfers personal data to a data importer.

Data importer means a controller or processor located in a third country that receives personal data from the data exporter.

Data processor means a person or entity that processes personal data on behalf of a controller.

Data subject means an individual who is the subject of the relevant personal data.

Personal data means any information related to a natural person or ‘Data Subject’, that can be used to directly or indirectly identify the person. It can be anything from a name, a photo, an email address, bank details, posts on social networking websites, medical information, or a computer IP address.

Processing means any operation that is performed on personal data.

Sensitive Data means personal data that reveals racial or ethnic origin, political opinions, religious or philosophical beliefs, trade-union membership, and data concerning health or sex life. Sensitive data are subject to additional protections.

WHAT INFORMATION DOES THE GDPR APPLY TO?
The GDPR applies to personal data and sensitive personal data.

GDPR PRINCIPLES
The GDPR is based on the following privacy and data collection principles and requires that personal data be:
(a) processed lawfully, fairly and in a transparent manner to individuals
from which it is collected;
(b) collected for specified, explicit and legitimate purposes and not further
processed contrary to any of those purposes;
(c) adequate, relevant and limited to what is necessary in relation to the
purposes for which it is processed;
(d) accurate and, where necessary, kept up to date;
(e) kept in a form which permits identification of data subjects for no longer than is necessary for the purposes for which the personal data are processed; and
(f) processed in a manner that ensures appropriate security of the personal data.

IMPORTANT NOTE:
The data controller is responsible for, and must be able to demonstrate, compliance with the Data Protection Principles.

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White House Pushes for Cybersecurity Standards Amid Rising Digital Threats

The U.S. government is working with the private sector to bolster the country’s cybersecurity, the White House recently announced. During a meeting on Aug. 25, President Joe Biden called on companies to “raise the bar on cybersecurity” and outlined a number of initiatives to address the growing threat of cybercrime, including plans for the National Institute of Standards and Technology to work with industry partners on new cybersecurity guidelines.

The news came just months after a May ransomware attack temporarily shut down the Colonial Pipeline, one of the largest fuel pipelines in the U.S., causing gas shortages and consumer panic-buying. This and other recent cyberattacks threatening American infrastructure make cybersecurity a fitting national priority, said Matthew Lefchik, Director, Cyber Risk Management, Node International, Detroit/Farmington Hills, Michigan.

“The Colonial Pipeline attack was so significant because it really disrupted consumers,” he said. “The government is seeing these recent attacks impacting the supply chain and getting involved not only because of the impact on consumers, but also there is relevance to who these bad actors are, and we do not want to be paying them.”

Insurance carriers have also joined the Biden administration’s plans to combat cybercrime, with one provider saying policyholders will need to meet certain cybersecurity standards to access Cyber & Privacy Liability Insurance coverage, and another committing to make cyber risk assessments and monitoring free for any organization, the White House noted in its announcement.

The government is seeing these recent attacks impacting the supply chain and getting involved not only because of the impact on consumers, but also there is relevance to who these bad actors are, and we do not want to be paying them.

Matthew Lefchik

Find the full article here.

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3 steps to strong phishing defences

From ransomware to SolarWinds, the cybersecurity space has been as hectic as it has ever been over the last 12-24 months. However, for all of the emerging threats and news that are cropping up on the horizon, phishing — one of the oldest pain points in cybersecurity — is continuing to quietly wreak havoc, and is as big of a threat as it has ever been.

Despite often being overlooked in terms of hype, phishing has been a mainstay in the cybersecurity threat landscape for decades. In fact, 43 percent of cyberattacks in 2020 featured phishing or pre-texting, while 74 percent of US organizations experienced a successful phishing attack last year alone. That means that phishing is one of the most dangerous “action varieties” to an organization’s cybersecurity health. As a result, the need for proper anti-phishing hygiene and best practices is an absolute must.

With that in mind, here are a few quick best practices and tips for dealing with phishing threats.

  1. Know the Red Flags

Phishes are masters of making their content and interactions appealing. From content design to language, it can be difficult to discern whether content is genuine or a potential threat, which is why it is so important to know the red flags. Awkward and unusual formatting, overly explicit call outs to click a hyperlink or open an attachment, and subject lines that create a sense of urgency are all hallmarks that the content you received could be potentially from phish and indicate that it should be handled with caution.

2. Verify the Source

Phishing content comes in a variety of ways, however, many phishes will try to impersonate someone you may already know — such as a colleague, service provider or friend — as a way to trick you into believing their malicious content is actually trustworthy. Don’t fall for it. If you sense any red flags that something may be out of place or unusual, reach out directly to the individual to confirm whether the content is authentic and safe. If not, break-off communication immediately and flag the incident through the proper channels.

3. Be Aware of Vishing and Other Phishing Offshoots

As more digital natives have come online and greater awareness has been spread about phishing, bad actors have begun to diversify their phishing efforts beyond traditional email. For example, voice phishing — or vishing — has become a primary alternative for bad actors looking to gain sensitive information from unsuspecting individuals. Similar to conventional phishing, vishing is typically executed by individuals posing as a legitimate organization — such as a healthcare provider or insurer — and asking for sensitive information. Simply put, it is imperative that individuals be wary of any sort of communication that asks for personal information whether it be via email, phone or chat — especially if the communication is unexpected. If anything seems suspicious, again, break-off the interaction immediately and contact the company directly to confirm the veracity of the communications.

Phishing may be “one of the oldest tricks in the book,” but it is still incredibly effective. And although it may be hard to spot when you may be in the midst of a phishing attempt, by exercising caution and deploying these few fundamentals, individuals and organizations more broadly can drastically mitigate the chances of falling victim to a phishing attack.

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Cyber basics

Learn the Cyber Basics this Cybersecurity Awareness Month

At a time when we are more connected than ever, being “cyber smart” is vital. This year has already seen more than a fair share of attacks and breaches, including the SolarWinds and Kaseya breaches as well as high-profile attacks on the Colonial Pipeline and other critical infrastructure.

Cyber attacks are becoming more sophisticated with more evolved bad actors cropping up each day. Luckily, there are several steps that we can take on a daily basis to mitigate risks and stay one step ahead of malefactors. Here are a few quick tips:

  • Enable MFA

Multi-factor authentication (MFA) adds that necessary second check to verify your identity when logging in to one of your accounts. By requiring multiple methods of authentication, your account is further protected from being compromised, even if a bad actor hijacks your password. In this way, MFAs make it more difficult for password cracking tools to enable attackers to break into accounts.

  • Use strong passphrases/password manager

This may seem obvious, but all too often securing strong passphrases/password managers is overlooked. People spending more time online during the pandemic has certainly contributed to more bad actors prowling for accounts to attack. Using long, complex, and unique passwords is a good way to stop your account from being hacked, and an easy way of keeping track and remembering your passwords is by using a password manager.

  • Perform software updates

When a device prompts that it’s time to update the software, it may be tempting to simply click postpone, and ignore the message. However, having the latest security software, web browser, and operating system on devices is one of the best defenses against online threats. So, don’t wait – update.

  • Do your research

Common sense is a crucial part of maintaining good online hygiene, and an intuitive step to stay safe online is to do some research before downloading anything new you are downloading to your device, such as apps. Before downloading any new learning app on your device, make sure that it’s a by checking who created the app, what the user reviews say, and if there are any articles published online about the app’s privacy and security features.

  • Check your settings

Be diligent to double check your privacy and security settings, and be aware who can access your documents. This extends from Google docs, to Zoom calls, and beyond. For meetings on Zoom, for example, create passwords so only those invited to the session can attend, and restrict who can share their screen or files with the rest of the attendees.

Being cyber smart and maintaining stellar online hygiene is the best way to protect yourself and others from cyber attacks. No single tip is foolproof, but taken together they can make a real difference for taking control of your online presence. Following these tips is also easy, and free. By taking preventive measures and making a habit of practicing online safety, you can decrease your odds of being hacked exponentially – and prevent lost time and money, as well as annoyance.

Find out more about Cybersecurity Awareness Month here.

News

Node Recent Wins Q2

Node International would like to thank you all for your cyber submissions this quarter, here are some of our top wins we’d like to celebrate with you.

We love working with our brokers. Don’t forget to send us your cyber risks to inbox@nodeinternational and we’ll do our best to find a perfect solution.

First time working with us? Send mdlefchik@nodeinternational.com an email to find out more.

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Tips on how to work remotely safely – Karl Susman

In 2020, the year of remote working, cyber crime increased by 80%. That’s equal to an attack every 39 seconds.

To help you avoid getting caught out, expert Karl Susman, Susman Insurance Agency, Cyberman365 reseller, reveals his top 5 tips on how to work remotely safely in the Spring edition of Tort, Trial & Insurance Practice Law Journal from the American Bar Association.

These are essential and easy to implement tips that anyone working from home can do, such as making sure your computer automatically updates.

Check out the featured spread here:

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Cyber Tips

How to set up multi-factor authentication

If your organisation is using Microsoft Outlook for email, you can enable and set-up 2FA to protect your email in less than 15 minutes (depending on the number of email accounts).

If you have a policy with us visit Node Prevent and our pre-paid cybersecurity experts will assist. 

Passwords are no longer good enough to protect email accounts. We strongly recommend you implement this simple and cost-effective measure. 2FA protects your organization because it adds another layer of protection to password-protected remote access to your email.

2FA is an authentication method that includes a password (something you know) and a time sensitive token or code (something you have).

In other words, even if the hacker has stolen an employee’s login credentials, 2FA should prevent them from accessing an email account, since they would also need to have the employee’s mobile phone which is being used as the 2nd authentication factor.

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Cyber Threat Alert, Cyber Tips, Phishing

Watch out! SolarWinds Hackers return, targeting company emails

Microsoft just released new information on a widespread malicious email campaign by Nobelium, the same hackers behind the massive SolarWinds incident.

This active campaign has already targeted 3,000 email accounts across 150 organizations. Microsoft reports the emails are crafted to look like they are from the United States Agency for International Development (USAID), including some that read “special alert” and “Donald Trump has published new documents on election fraud.”

The links go to Nobelium infrastructure and deliver a malicious file which allows hackers “persistent access to compromised machines.” Microsoft published this sample email screenshot from the malicious campaign.

Example email below:

If you receive an email similar to this or purportedly from the USAID, please forward it to your IT department and do NOT click on any links in the email.

Node Prevent
When you purchase one of our cyber insurance policies you’ll receive vital cybersecurity updates such as this and online training courses to keep your employees up-to-date with the current cyber threats.

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