What is Cyber Security Insurance - Social Engineering, Ransomware, & Cybercrime Coverages (part 3 of 3)
Posted: August 24, 2021
What is Cyber Security Insurance - Social Engineering, Ransomware, & Cybercrime Coverages (part 3 of 3)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
What Is Cyber Insurance? 1st Party Cyber Coverages (part 2 of 3)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...
Spotlight on CYBER INSURANCE ~ a critical digital coverage!
Posted: June 28, 2021
Spotlight on CYBER INSURANCE ~ a critical digital coverage!Every business is exposed to ransomware, cyber extortion and data breach. Phishing, Wire Transfer Fraud, ransomware, data breach are common cyber attacks and cyber crime. Since 2000, it’s been accelerated growth of technology. Malware and other small attacks have been a part of our digital platform soon after Internet started in the late 1960s. We all are highly aware and even get insurance protection for our...
Colonial Pipeline Cyber Attack Proves CMMC is Beneficial for Small Businesses!
Posted: June 12, 2021
Colonial Pipeline Cyber Attack Proves CMMC is Beneficial for Small Businesses!The Colonial Pipeline cyberattack was a ransomware attack. It was a financially driven cybercrime and unfortunately, it happens all too often. Our Nation is extremely bright and at the top of technology and security, yet we still see so many successful cyber-attacks. Businesses of all sizes are suffering cyber threats and cybercrime daily. When we heard about SolarWinds cyberattack late last year, some of us...
Every Business Needs Cyber Insurance to Insure Against Cyber Crime!
Posted: March 24, 2021
Every Business Needs Cyber Insurance to Insure Against Cyber Crime!Unless you block EVERY hacker a 100% at ALL times, you need CYBERSECURITY INSURANCE to mitigate your financial risks should you face cyber crime. Only 20% of small businesses even stop to consider their cyber posture and cyber insurance to manage and mitigate the ‘internet’ risks! No wonder hackers are prone to target small businesses. WHAT DOES CYBER INSURANCE COVER? Cyber insurance is like...