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...
Cyber Insurance: Digital Risk Mitigation Plan From Financial Loss
Posted: April 4, 2022
Cyber Insurance: Digital Risk Mitigation Plan From Financial LossSince 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...
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...
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...