If that statistic by IBM is true, what are you doing to prevent human error? If you’re a small or medium-sized business you’re probably not doing much. I get it. It’s difficult to train employees on risks you may not even understand yourself, or your IT department is too overwhelmed to take on the task … Read More
So, what does Cyber Insurance cover? Cyber Insurance, for all practical purposes, is the only policy that will respond or cover your firm for losses that relate to a cyber event. Cyber Insurance is a unique policy form, which typically should be purchased as a standalone policy to protect you and your firm from the claims … Read More
Phishing attacks are on the rise, and threaten the cybersecurity of firms large and small. The best defense against any type of cybercrime is education. Understanding the threat and having your employees understand the threat will help lessen the chances that hackers can infiltrate your network. Our guide on phishing attacks will help give you … Read More
Why Cyber Insurance for Hedge Funds is a Good Idea. Cyber insurance and cyber related losses are constantly in the news, but few hedge fund managers really understand what this form of insurance is really all about and why purchasing it is a good idea. In this article we explore the coverage features of cyber … Read More
As an insurance broker, I have often experienced small and medium sized business owners very reluctant to purchase cyber insurance; even though the cyber related risk seems very apparent. So, I found a recent study published by Chubb Insurance on why decision makers may think cyber protection is unnecessary, interesting. The majority of respondents in … Read More
A recent new story from A.M. Best & Co., the insurance ratings agency, indicated that cyber insurance premiums grew over 32% in 2017, with most of that growth in the large account market – the Fortune 500 world. The SME (Small and Medium Enterprise) market was barely buying cyber coverage. Penetration in the SME market … Read More
Ransomware will cost U.S. businesses an estimated $11.5 billion in 2019. Let’s break it down and talk about some of the basics. First, what is ransomware? Ransomware is a form of malware or malicious code which will infect a user’s computer and encrypt all of the data on that machine and typically on an entire … Read More
Not all data breaches are acts of nefarious players. On Saturday, July 22, 2017, The New York Times ran a story on a “Trove of Confidential Data” which was accidentally released by an attorney working for Wells Fargo. The magnitude of the data is enormous and is estimated to contain financial information for “at least … Read More
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