Is Cyber Insurance Needed For Your Business?
Posted: November 16, 2021
Cyber crime is the fastest growing crime in the world, but most attacks are not covered by standard property or crime insurance policies. Systems are critical to operating your day to day business but their downtime is not covered by standard business interruption insurance. Data is one of your most important assets yet it is not covered by standard property insurance policies. Portable devices increases...
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 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:...
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...
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...