What Does Cyber Insurance Really Cover? Cyber risk continues to be the greatest insurable threat to businesses of all sizes in 2021. Small businesses, including solo single-person businesses all the way up to middle-market firms have seen increased threats and events during the course of this year. So in this video, I’m going to give … Read More
I get this question a lot from small business owners and I get it. You’re used to spending a certain amount on business insurance every year, and to increase that by, say, $2,500 or more to buy cyber insurance may be a big lift. So, let me take a minute and explain why most small … Read More
What is MFA or Multi-Factor Authentication and why is your cyber insurer mandating that you have it? MFA or Multi-Factor Authentication is a cybersecurity tool that requires you to confirm your identity prior to gaining access to a network, system, or website using multiple factors. We are accustomed to providing a user name … Read More
Colonial Pipeline Cyber Risk: How a cyber attack can go from bad to worse. Well, that didn’t take long. The cyber-attack that hit Colonial Pipeline has now resulted in a class-action lawsuit filed in the U.S. District Court for the Northern District of Georgia about 10 days after the ransomware attack first hit Colonial. This post is not intended to … Read More
How Much Cyber Insurance Should I Buy? How Much Cyber Insurance Do I Need for My Business? How much is enough when it comes to cyber? Cyber insurance is a unique form of insurance protection that will cover the insured for: First-party claims – meaning damages they suffer directly as a result of a … Read More
Who is subject to the Shield Act? When is the deadline for compliance? There are a lot of questions out there about the New York SHIELD Act and not a lot of information being communicated to business owners. To my knowledge, no State agency is sending notices to business owners and there’s not been a … Read More
Most cyber insurance policies on the market today come with something we call cyber pre-breach services. Cyber pre-breach services are valuable risk control services that will help the purchaser of cyber insurance to reduce, control and mitigate cyber intrusions and events. Unfortunately, many cyber pre-breach services go undeployed! Why is this? Well, it may be … Read More
In this article, I will explain what is social engineering. Social engineering is a term used in cybersecurity to describe situations of trickery. It is used by cybercriminals to gain either your confidential information or your money. Typically hackers will gain access to an email account within a firm and monitor the user’s email habits. … Read More
Welcome to our multi-part video series on cyber insurance for small businesses. My goal is to educate business owners on cyber risk and cyber insurance. What’s driving me is the statistic that less than 30% of business owners in the small and medium-sized market are actually purchasing cyber coverage today. Yet, in the corporate world, it’s … Read More
Microsoft had announced a while ago that it was ending its support for Windows 7 operating systems and Server 2008/R2 systems. What this means is that the platforms will continue to work, but Microsoft will not support the systems or offer patches or updates. An unpatched machine, of course, is a vulnerable machine since known … Read More
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