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Tag: Small Business Need Cyber Insurance

2 Types of Cyber Insurance Policies and What They Cover

Posted: January 27, 2021

Cyber insurance is a part of our business portfolio - we need to understand there are different types of cyber policies offered.    Cyber policies can be available as a stand alone policy or as a supplement to a commercial policy. Learn more about the differences between the 2 types of cyber insurance so you can make a sound decision as you purchase the policy...

Dangers of Cyber Attack ~ Small Businesses, Beware!

Posted: October 14, 2020

I am a small business - I don’t need cybersecurity insurance - I am not visible - These thoughts are what is getting small businesses in trouble and oftentimes out of business! 43% of cyber attacks happen to small businesses and 60% of those businesses shut down due to financial burden.   Ransomware accounted for 41% of all cyber insurance claims in H1 2020 Cyber insurance...

Beware of Fund Transfer Fraud! Learn what BEC is all about!

Posted: July 24, 2020

Did you know that hackers how found new ways to steal millions of dollars without threatening, hacking, or using malware? Watch out for Wire Transfer Fraud! Learn how to protect your business with these simple tips! Wire Transfer Fraud are very common and business owners need to watch out for these types of business email compromise. ~ Sharmeen Rehman BlackFire Cyber Insurance...

Will YOU be a supply chain ransomware victim?

Posted: July 22, 2020

Every 14 seconds, ransomware is served, and downtime costs are anywhere on average 5-10 times the price of ransom – keeping the type and reputation of the business. According to Kivu report, 86% of the ransomware attacks were successfully targeted towards managed service security providers, as smaller organizations share the infrastructure via their IT providers. This is where supply chain ransomware takes place! The nature...