Cyber Insurance - Financial Risk Transfer for digital threats
Posted: May 4, 2022
With escalating cyber activity and ransomware over the past several years, it is now harder to get cyber insurance. Insurance companies require certain minimum controls and processes are in place in order to issue or renew a policy. In this previously live/recorded panel discussion, our panel explored how Insurance companies evaluate your security posture, what controls and processes are required and provide guidance to have...
FBI Tips: Defend Your Business Internet Safety & Build Cyber Resiliency
Posted: February 7, 2022
FBI Tips: Defend Your Business Internet Safety & Build Cyber ResiliencyIt is no news that as we hit pandemic, we saw the work force shifted toward remote and hybrid mode. This sudden change without necessary cybersecurity protocols gave upper hand to bad actors in increasing data breach attempts, ransomware and cyber extortion demands went through the roof, social engineering scams increased via business email compromise and manipulating invoices with fraudulent fund transfers. We saw big...
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:...
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...