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Category: Cybersecurity Insurance

Cyber Insurance: Digital Risk Mitigation Plan From Financial Loss

Posted: April 4, 2022

Since we stepped into the 2000s, we have witnessed the explosive growth of the digital world over the past 20 years. While we see booming opportunities for our future, we also see tremendous vulnerabilities. The vast array of devices, operating systems, software applications, and networks along with IoT devices makes the new digital world a tough security issue. While advancements in technologies have boosted the...

What Does Cyber Insurance Cover? 3rd party cyber liability overview (part 1 of 3)

Posted: July 27, 2021

When looking to transfer technology risks, your cyber insurance should have 1st party and 3rd party coverages along with other include coverages based on the industry you belong to. Insurance companies are constantly studying and updating the ever-changing cyber coverages based on claims and technology growth. Let’s look at what are the major 3rd party cyber liability coverages look like…. These are CLAIMS MADE LIABILITY COVERAGES:...

Contractors Are Highly Vulnerable to Ransomware & Data breaches

Posted: July 15, 2021

All companies handle a certain degree of PII (Personally Identifiable Information). Digital vulnerabilities including poor email protection and remote access of company data are at high risk for contractors and small businesses. As a business owner and a contractor, it is imperative to understand how to identify and protect it. Threat actors are constantly working hard to hack into smaller contractors as it creates a...

Cyber Insurance Cover Ransomware and Cyberattack! Are YOU secured?

Posted: May 19, 2021

We all understand in today’s world that cybersecurity and business liability protection is a mandatory action we take to protect our business from financial ruin. As we move forward in our new normal, small and medium businesses must survive the technology and liability risks. Cyber attacks are the single largest risk to your business today. The odds that your business is the next target in a...

CMMC Terminology, Key Terms and Acronyms

Posted: April 22, 2021

CMMC Certification on Your Mind? As you embark on the CMMC journey and prepare to learn more about the certification process and apply to be certified as a federal contractor, you will come across many acronyms. Some of these acronyms play a major role as you become CMMC certified. It would definitely be worth to have a quick reference page as you move forward and...