AsTech Consulting Warns Companies That Lacking Adequate Cyber Insurance Coverage Poses Major Threat

San Francisco Based Security Firm Recommends Full Cyber Risk Assessment to Prevent Losses that Can Cost Millions.

San Francisco, CA, USA -- Losses from cyberattacks and security breaches continue to plague companies of all sizes, and while more organizations are investing in basic cyber insurance, most are woefully underinsured. According to Greg Reber, CEO of AsTech Consulting -- independent cyber security experts specializing in software and IT infrastructure security -- to protect themselves, companies need a comprehensive risk assessment and to work with underwriters to make sure they both agree and understand the terms of cyber insurance policies.

The history of financial losses from a cyber-attack are well documented. Target reported $252 million in expenses related to its data breach in 2013, however the company only had $90 million in cyber risk insurance. Similarly, Anthem Inc. suffered a data breach in February 2015, and the company is now providing credit monitoring and identity protection services to patients who were affected. In both cases, insurance coverage was inadequate to cover costs and additional losses from litigation and class-action suits.

According to a recent study by the Ponemon Institute, companies are four times more likely to insure physical assets than information assets, even though the Probable Maximum Loss (PML) from loss of intellectual property can exceed $200 million. Of those surveyed by Ponemon, 52 percent see cyber risk exposure increasing but only 19 percent have cyber insurance coverage with an average limit of $13 million, and 54 percent have no plans to purchase cyber insurance.

"Executives underestimate the potential losses from a cyber-attack and are unclear how to best insure their operation against potential losses," said Reber. "They buy cyber risk insurance, but too often the coverage is inadequate since many insurance companies rely on self-reporting when assessing areas of coverage. By being better educated about cyber risk and cyber risk insurance and taking simple preventative steps to isolate potential areas of cyber risk, companies will be in a much better position to protect themselves when they do have a security breach."

Cyber risk insurance policy coverage is often based solely on information provided by the company and insurance questionnaires are generic and leave companies under insured. Another common issue is undervaluing the potential losses from a cyber breach, resulting in substantial losses not covered by insurance.

To ensure proper cyber risk insurance coverage, Reber recommends companies take a number of steps:

1. Assess their cyber risk to understand the specific possibilities for a cyber-attack and what data could potentially be exposed or lost. The best approach is to assume that you can't cover all possible contingencies, so it's a matter of when a breach will occur, not if.
2. Develop a cyber breach response strategy, including remediation and notification, to minimize potential losses.
3. Work with an experienced cyber risk underwriter that understands the potential losses from a cyber-attack or data breach and is willing to develop a policy with adequate coverage.
4. Review potential cyber risk annually, since the degree of cyber risk changes over time.

About AsTech Consulting
AsTech Consulting has been helping Fortune 1000 companies manage risk and protect vital information assets since 1997. AsTech's technical team are true Internet security experts, providing a full suite of services focused on risk management and mitigation including Vulnerability Discovery and Remediation, Secure Development Training, Secure Software Development Lifecycle Consulting and Security Architectural Design. For more information, visit

Tom Woolf
Public Relations Director, Gumas Advertising

Fulham Partners with Tvilight to Deliver First Smart City Programmable Lighting Solutions

New Fulham WorkHorse LED Outdoor Drivers Interoperate with Tvilight SkyLite Lighting Control and CityManager Software to Provide Cloud-controlled Lighting for an IoT World.

Hawthorne, CA, USA -- Fulham Co., Inc. (, a leading supplier of lighting components and electronics for commercial and specialty applications, today introduced a new technology alliance with Tvilight (, a Dutch high-tech company and a European market leader in sensors, wireless controls, and lighting management software, to deliver fully programmable, wireless outdoor LED systems for emerging Smart Cities. Fulham will be demonstrating the manageable LED outdoor drivers in booth 3817 at LighFair in San Diego.

The combination of Fulham's WorkHorse LED outdoor drivers with Tvilight's real-time broadband mesh networks enables users to capitalize on Internet of Things (IoT) technologies, using the cloud to manage lighting for cities, utilities, airports, railways, and other environments. Fulham and Tvilight recently demonstrated the world's first networked LED driver for outdoor lighting fully integrated with SkyLite, Tvilight's intelligent wireless lighting control system. Fulham also has just released a new series of WorkHorse LED Outdoor drivers that are fully compatible with CityManager, Tvilight's cloud-based Smart City management platform for 802.15.4 networking, sensors, and lighting. Using cloud control for outdoor LED lighting also reduces installation complexity, minimizes maintenance cost, and significantly lowers operating and energy cost while increasing monitoring and control.

"Tvilight offers a true next generation management system," said Russ Sharer, Vice President of Global Marketing for Fulham. "They understand that the best solutions will start, not end, with lighting control. Their approach to Smart Cities, the embrace of open standards and the development of an application ecoSystem delivers the promise of 'lighting as a platform' today."

Using the SkyLite IoT management platform, users can manage and monitor the health of Fulham outdoor LED systems. Using Tvilight's CityManager management software, they will be able to set the output current for the LEDs remotely to reduce errors, extend the lamp's useful life, and simplify installation and maintenance. Rather than using photocells, the Fulham drivers will include astro-clock functionality to adapt to seasonal changes and local sunset and sunrise.

"Fulham is empowering thousands of OEMs into the connected, controlled lighting world," said Chintan Shah, CEO of Tvilight. "They embrace our vision for open standards, and see the potential of smarter lighting controlled drivers and devices."

For more information about Fulham's complete line of wireless outdoor LED drivers, please visit

About Fulham
Fulham Co., Inc. is a leading global provider of intelligent, sustainable commercial lighting components and electronics for use in commercial general lighting, parking structure, signage, horticultural, UV and other applications. The company develops and manufactures a variety of award-winning LED and emergency products, as well as legacy products across multiple lighting platforms. Fulham sells its lighting solutions worldwide through original equipment manufacturers (OEMs) and electrical equipment distribution channels. Headquartered in Hawthorne, Calif., the company has sales and/or manufacturing facilities in the U.K., China, India and the UAE. For more information, visit

About Tvilight
Tvilight B.V. is a European market leader in professional end-to-end lighting control solutions. The company specializes in sensors, wireless lighting controls, and connected lighting management software for outdoor applications. Tvilight products create an independent open network that allows integrating a multitude of third-party applications and constitutes a reliable, future-proof base for a Smart City. Tvilight also offers sensor solutions for environmental monitoring and traffic management, taking connected outdoor lighting to a next level. Tvilight has an installed base of more than 100 projects across the globe. For more information, visit

Contact Fulham:
Andy Firchau
Marketing Manager
Fulham Co., Inc.
Phone: +1 (323) 779-2980, ext. 1252

Contact Tvilight:
Mariia Stolyga
Marketing Manager
Tvilight B.V.
Mobile: +3 (161) 567 0050