Latest news with #informationsecurity
Yahoo
6 days ago
- Business
- Yahoo
AM Best Comments on Credit Ratings of Philadelphia Insurance Companies' Members; Tokio Marine America Group and First Insurance Company of Hawaii, Ltd.'s Subsidiaries
OLDWICK, N.J., June 24, 2025--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company (both headquartered in Bala Cynwyd, PA), which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies (Philadelphia); along with Tokio Marine America Group and First Insurance Company of Hawaii, Ltd.'s (FICOH) (Honolulu, HI) subsidiaries remain unchanged following the organization's announcement that it sustained an information security event, which has resulted in a widespread network outage impacting Philadelphia, Tokio Marine America Group and FICOH's systems. On June 9, 2025, the organization received an alert regarding suspicious activity on its IT network. The organization took immediate actions to respond to the situation and disconnected affected systems to contain the threat. AM Best notes that the organization notified law enforcement and is engaged in a comprehensive forensic analysis, which is currently ongoing to determine the full scope, nature and ultimate impact to the organization. Philadelphia, Tokio Marine America Group and FICOH have activated their business continuity plans, including interim solutions that enable employees to carry out essential functions, while system restoration efforts are underway. While the situation continues to evolve, AM Best will continue to monitor the cyber event for any signs that the incident may impair the company's operational capabilities, harm its reputation or market position, or prompt a reassessment of its enterprise risk management capabilities. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Thomas Keelan Financial Analyst +1 908 882 1925 Edin Imsirovic Director +1 908 882 1903 Charles Chiang Senior Financial Analyst +8 522 827 3427 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Quantum-h Achieves ISO 27001 Certification, Reinforcing Commitment to World-Class Information Security Standards
LONDON, June 24, 2025 /PRNewswire/ -- Quantum-h, a leading innovator in emerging technology and digital transformation, proudly announces that it has achieved certification for ISO 27001, the internationally recognized standard for information security management systems. This certification marks a significant milestone in Quantum-h's commitment to safeguarding data integrity, confidentiality, and availability across its portfolio of products and services. Following a rigorous independent audit, the achievement reflects Quantum-h's adherence to the highest standards of risk management, cybersecurity resilience, and operational excellence. "At Quantum-h, trust forms the foundation of our innovation," said Leon Samuel, CEO of Quantum-h. "Securing the ISO 27001 certification underscores our proactive approach to information security and solidifies our promise to clients, partners and stakeholders: we do not just innovate – we innovate responsibly and securely." ISO/IEC 27001:2022 is the updated version of the globally respected framework, emphasizing a risk-based approach to managing sensitive information. The certification demonstrates that Quantum-h's processes, technologies, and teams operate under strict security protocols that align with the latest global best practices. As Quantum-h continues to pioneer advancements in emerging technologies, AI and transformative digital solutions, this certification provides external validation of the company's strategic focus on building secure, future-proof infrastructures for its customers across industries. ABOUT QUANTUM-h Quantum-h is a global leader in emerging technologies, dedicated to driving innovation and digital transformation in enterprise digitization, NFC, QR and blockchain technologies. Media Contact:Amy KellyMarketing Logo - View original content to download multimedia: SOURCE Quantum-h Sign in to access your portfolio
Associated Press
19-06-2025
- Business
- Associated Press
Passwork Strengthens Commitment to Security With ISO/IEC 27001:2022 Certification
BARCELONA, Spain--(BUSINESS WIRE)--Jun 19, 2025-- Passwork, a leading provider of secure password management solutions for businesses, today announced it has been awarded ISO/IEC 27001:2022 certification. This milestone affirms Passwork's robust information security management system and ongoing commitment to safeguarding sensitive data for its customers worldwide. What does ISO/IEC 27001:2022 mean for businesses ISO/IEC 27001:2022 isn't just a certificate — it's the gold standard for information security management. By earning this certification, Passwork has demonstrated that its policies, processes, and controls meet strict international requirements for: The rigorous evaluation process covered every aspect of Passwork's operations, including advanced encryption protocols, stringent access controls, regular security audits, and comprehensive employee training programs. Why it is important For IT professionals, security officers, and business leaders, this certification is more than a badge — it's a promise. It assures that Passwork adheres to the highest benchmarks for security, reliability, and transparency. With ISO/IEC 27001:2022, you can confidently trust Passwork to: Quote from leadership 'Obtaining ISO 27001 certification is a significant achievement for Passwork and a clear demonstration of our long-standing commitment to information security,' said CEO at Passwork Alex Muntyan. 'Our customers trust us to safeguard their most critical data, and this certification underscores our dedication to maintaining the highest standards in everything we do.' Certification details The ISO/IEC 27001:2022 certification is effective immediately. To view the certificate, visit this link. About Passwork Passwork provides secure, user-friendly password management solutions designed for businesses of all sizes. With a focus on data protection, usability, and seamless integration, Passwork helps organizations simplify credential management and enhance security across their operations. ISO 27001, Information Security, Certification, Passwork, Data Protection, Compliance, Risk Management, Password Management, Business Security, IT Compliance View source version on CONTACT: Gleb Smiryagin [email protected] KEYWORD: SPAIN SWITZERLAND EUROPE GERMANY AUSTRIA INDUSTRY KEYWORD: APPS/APPLICATIONS ONLINE PRIVACY TECHNOLOGY SECURITY PROFESSIONAL SERVICES BUSINESS SOFTWARE NETWORKS INTERNET DATA MANAGEMENT SOURCE: Passwork Copyright Business Wire 2025. PUB: 06/19/2025 10:28 AM/DISC: 06/19/2025 10:27 AM
RNZ News
17-06-2025
- RNZ News
What a 'rapid review' of police after Jevon McSkimming case will look at
Former Deputy Police Commissioner Jevon McSkimming. Photo: Getty Images An investigation into the former deputy police commissioner led to concerns that staff could bypass internal controls and "exploit vulnerabilities to access inappropriate content," documents reveal. The concerns prompted the Police Commissioner to order a "rapid review" of police's information security (INFOSEC) controls. Former deputy commissioner Jevon McSkimming resigned as the country's second most powerful cop last month amid a four-month investigation by the Independent Police Conduct Authority and police. His resignation came after Police Minister Mark Mitchell said he was recently informed of allegations of a "very serious nature", separate to the investigation that led to him being suspended. RNZ earlier revealed pornography found on McSkimming's work computer is being investigated as alleged objectionable material. He declined to comment on the allegations through his lawyer. A High Court judge earlier reserved her decision on whether the media should be allowed to report the nature of the allegedly objectionable material found. Do you know more? Email Police Commissioner Richard Chambers earlier announced he ordered a review on the day of McSkimming's resignation to ensure police had sufficiently strong controls to prevent or detect the misuse of police technology and equipment for non-work-related purposes. : Police Commissioner Richard Chambers Photo: RNZ / Nick Monro RNZ was released a copy of the terms of reference of the rapid review under the Official Information Act. The document said there were "clear expectations" that all users of Police IT systems and devices must do so appropriately. INFOSEC controls were configured to block visits to certain sites or online content which there was "generally no legitimate work-related reason to be accessing". "Recent concerns have arisen that INFOSEC controls applying to Police systems and devices could be bypassed by individuals who are able to exploit vulnerabilities to access inappropriate content, in breach of Police's acceptable use policy and our Code of Conduct. "Urgent reassurance is required that Police has sufficiently strong controls in place to prevent misuse of Police technology and equipment for non-work related purposes." Chambers had asked for a "rapid, independent assessment" of the strength of police's INFOSEC controls to "prevent police systems and devices being used to access inappropriate content". The document lists three objectives of the review, including assessing the strength and vulnerabilities of the current INFOSEC controls, identify opportunities for "new or enhanced controls", and providing advice on how to implement proactive scanning of police systems to detect potential misuse. The review would include desktop analysis of specific INFOSEC controls, control testing to identify potential "work arounds" or other weaknesses, and discussions with counterparts in other agencies such as the New Zealand Security Intelligence Service and Public Service Commission. "Although it has been commissioned against the backdrop of recent concerns prompted by an ongoing investigation, the rapid review will be conducted as a self-contained exercise and *will not* require the sharing of information about any specifics relating to the ongoing investigation." The review work would be independently conducted by a "suitably qualified and experienced provider". The rapid review was expected to be completed within two weeks with an expected 10-15 page report to be classified restricted, with a shorter 2-3 unclassified summary document also produced. Chambers told RNZ police's Executive Leadership Team (ELT) considered the findings of the rapid review at their meeting on Monday 16 June. "One of the decisions made by ELT was to task Police's Chief Information Officer to develop an action plan to respond to the review's findings, and to bring that back to ELT for further consideration. It is expected the action plan will be completed within the next month. "Police intend to make a summary of the review's findings publicly available once there has been an opportunity to brief key stakeholders." In announcing McSkimming's resignation, Police Minister Mark Mitchell said McSkimming resigned before he could be dismissed. He did not say what the allegations were. Mitchell said the Policing Act was "very clear". "A deputy commissioner of police must be a 'fit and proper' person. They are rightly held to the highest standards of conduct and this new information called into serious question Mr McSkimming's fitness for office. "When Mr McSkimming was invited to respond to these allegations he chose to resign. Mr McSkimming's resignation has confirmed my view that his continuation in the role was untenable."
Tahawul Tech
12-06-2025
- Business
- Tahawul Tech
CISO 50 & Future Security Awards 2025
CISO 50 Forum & Awards 2025 In today's digital landscape, the role of the Chief Information Security Officer (CISO) has evolved dramatically. No longer confined to traditional security functions, the modern-day CISO must balance business and technology demands while navigating an ever-evolving threat landscape. Understanding the new responsibilities they must undertake and stepping up to ever-growing challenges are fundamental to their success. Typically, a CISO oversees four key security pillars: security architecture and engineering, operations, cyber resilience, and regulatory and IT compliance. However, their role has expanded to include responsibilities such as risk and governance, business continuity, identity and access management (IAM), fraud prevention, and more. This broadening of scope underscores the fact that being a CISO isn't just about security—it's about integrating security within the fabric of business operations and strategy. The CISO 50 Forum & Awards brings together top enterprise IT security leaders and decision makers to recognize and celebrate outstanding achievements in cybersecurity. The 2025 edition of this prestigious forum and awards ceremony will honour those who have not only demonstrated excellence in protecting their organizations but have also driven transformative security initiatives that shape the future of cybersecurity. This is not just an event—it's a celebration of the efforts and achievements of the cybersecurity community. Join us at the CISO 50 Forum & Awards 2025 and be part of the shift towards a more secure digital world. Future Security Awards 2025 Celebrating excellence and innovation in the security industry! The security industry has always been in a never-ending race against its adversaries, but in the last few years in particular, the rate of change has accelerated. While companies continue to invest in emerging technologies such as AI and Automation to support digital transformation, adversaries have been leveraging powerful, integrated tools and capabilities with these very same technologies to cause irrevocable loss of critical data and information. The scope of the threat is growing, and no organisation is immune from catastrophic outcomes. In fact, the unfortunate reality is that even today's most sophisticated cyber controls, no matter how effective, will soon be obsolete. The Future Security Awards have been introduced keeping in mind this dynamic threat-security scenario. These awards recognise individuals, businesses, vendors distributors and resellers that have risen above challenges and delivered ground-breaking business value through innovative application of security technologies. The 2025 edition is not just an awards ceremony; it is a celebration of the relentless pursuit of excellence in cybersecurity. As threats continue to evolve and become more sophisticated, it is crucial to recognize and support the innovators who are shaping the future of digital security. Join us in celebrating the achievements and advancements that are paving the way for a safer, more secure world.
