Is Cyber Insurance Needed For Your Business?
Posted: November 16, 2021
Cyber crime is the fastest growing crime in the world, but most attacks are not covered by standard property or crime insurance policies. Systems are critical to operating your day to day business but their downtime is not covered by standard business interruption insurance. Data is one of your most important assets yet it is not covered by standard property insurance policies. Portable devices increases...
How Can a Small Business Improve Cybersecurity? 6 Simple Steps to Building Cyber Resiliency!
Posted: October 31, 2021
How Can a Small Business Improve Cybersecurity? 6 Simple Steps to Building Cyber Resiliency!Cyber Attacks Are Growing Exponentially Recently, Microsoft shared that ransomware and supply chain cyber attacks are on the rise. Just as we saw a massive SolarWind hack take place, IT supply chains hacks are growing exponentially via resellers and technology service providers that provides customized technology solutions behalf of their customers, including SaaS based tech firms via disruptive and passive hack attacks. We have collectively...
Ransomware is a National Threat! Protect Your Small Business
Posted: October 14, 2021
Ransomware is a National Threat! Protect Your Small BusinessIn Q2 2021, phishing was the most popular method, according to Coveware, for launching a ransomware attack, leading to a median ransom cost of $47,000 and an average of 23 days of downtime Businesses need MFA to keep themselves safe from cyber threats, and phishing attempts. Google and Microsoft offer MFA on email and collaboration tools for free; admin can turn on enforcement at the click...
What is Cyber Security Insurance - Social Engineering, Ransomware, & Cybercrime Coverages (part 3 of 3)
Posted: August 24, 2021
Ransomware attacks accounted for over 4o% of all filed cyber insurance claims in the first half of 2020, according to a report by Coalition. Over 43% of cyberattacks are geared toward small businesses and a 1-person company. In today’s economy, cyber threats and losses are a matter of “when,” not “if.” Most of the attacks are phishing emails and ransomware. Hackers are trying to get you...
What Is Cyber Insurance? 1st Party Cyber Coverages (part 2 of 3)
Posted: August 10, 2021
Over 43% of cyberattacks are geared toward small businesses and a 1-person company!!! When looking to transfer technology risks, your cyber insurance should have 1st party and 3rd party coverages. We covered in details what a 3rd party cyber liability coverage looks like in our previous blog. Let’s look at the extensive list of what a comprehensive cyber insurance offerings are to you, as a...