Lazarus Alliance Comments on Potential Hard Rock Cyber Security Breach

An actual cyber security breach would put Hard Rock Hotel and Casino at the front of the corporate wreckage A-List and be hard hitting on both the business and careers.

The past twelve (12) months have produced cyber security breaches at Sony, Target, Neiman Marcus, Michaels, Affinity Gaming, P.F. Chang’s, Albertson’s and SuperValu, Home Depot, JP Morgan Chase, Staples and the list goes on. News that the Hard Rock Hotel and Casino may be joining the roster was reported by CNBC on May 4th 2015.

Prevent Security Breaches with Lazarus Alliance SSAE 16 Assessment Service

For the first time in history CEOs are losing their jobs because of data breaches. Scrutiny of corporate leadership’s management of cyber security preparedness and incident response will undoubtedly continue to increase in the form of litigation and regulatory action after a major incident. The impact an actual cyber security breach would have on Hard Rock remains to be seen.

The escalating prevalence of widely publicized cyber security breaches has lit the fires for change in the attitudes of business leaders and consumers when it comes to cyber security. Gone are the days when board members and the C-suite ignore the drastic business impact a cyber security breach has on a company.

Within this firestorm, consumers are adding fuel by demanding more transparency, accountability and rapid remediation from businesses after a data breach occurs. The result is that cyber security is one of the highest priorities facing businesses and regulators. All of these high-profile security breaches were avoidable through the diligent application of proactive cyber security assessment, audits and strategy.

Michael Peters, CEO of Lazarus Alliance said “It is undeniable that prevention is the better alternative to incident response. A company can be either proactive or reactive to cyber security and only one approach will keep a company off the breach reports!”

Despite overwhelming evidence, businesses will increase focus more on cyber security breach controls against external hackers and cyber criminals this year, many more will miss the importance of protecting against insider and trusted partner threats. Employees and trusted Third-Parties negligence will continue to be the leading cause of cyber security breach incidents for the foreseeable future.

Between human error and trusted insiders with malicious intent, history has shown that the majority of cyber security breaches originate inside the company’s technological and physical walls. Employees and negligence are the leading cause of cyber security incidents but remain the least reported issue.

The Proactive Cyber Security™ services at Lazarus Alliance is years ahead of this issue by offering IT Audit & Compliance, IT Risk Management and IT Governance & Policy solutions to companies that would rather proactively prevent data breaches than be in the news and in the next industry data breach report. These services include proactive SSAE 16 internal audit services.

Lazarus Alliance assessors have a deep wellspring of cyber security, regulatory and assessment experience to draw from. Continuing to shape the industry with breakthrough proprietary technology such as the IT Audit Machine (ITAM), the Policy Machine and Proactive Cyber Security™ methodology all of which exceed baseline requirements providing superior results to our clients.

Learn more about Lazarus Alliance and why Lazarus Alliance is Proactive Cyber Security™

Resistance is NOT Futile for Cyber Insurance Insurers

Resistance is NOT Futile for Cyber Insurance Insurers

Cyber Insurance Resistance is not Futile for ProvidersIf you think that the business general liability or even purpose built cyber insurance policies will cover you in the event of a cyber-security breach, it’s highly likely you are mistaken. In fact, it is in your carrier’s best business interest to deny your claim.

Chances are the exemptions in your cyber insurance policy exclude coverage for access to or disclosure of confidential or personal information which accounts for the majority of claims. Cyber criminals are in it for profit which means they are going after confidential or personal information.

Cyber insurance claims are being denied when breaches occur as the result of hackers exploiting commonly known security vulnerabilities which amounts to negligence on the insured. When on average 96% of all breaches are avoidable, the only thing that stands between being breached and having your cyber insurance claim denied is the effective implementation of controls and countermeasures from taking a Proactive Cyber Security approach.

Lazarus Alliance is Proactive Cyber Security™

Lazarus Alliance will examine your policy during an IT risk assessment or Cybervisor readiness review and help you understand where your vulnerabilities and threats to your business may be. It may very well be that cyber insurance policy you purchased to protect your business.

Risk management is so fundamentally important to business survival. Organizations all around the world are suffering through cyber-attacks; some unsuccessfully too. Espionage and Hacktivism is on the rise. Additionally, the global economic crisis exposed major weaknesses in the systems of financial institutions, motivating companies to reassess their IT. As if that were not enough, increased regulatory demands, pressure from top management for faster and better business information, and advances in risk management by top-tier competitors are prompting smart companies to transform their risk IT functions.