What Does Cyber Insurance Cover? 3rd party cyber liability overview (part 1 of 3)
Posted: July 27, 2021
What Does Cyber Insurance Cover? 3rd party cyber liability overview (part 1 of 3)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...
Dangers of Cyber Attack ~ Small Businesses, Beware!
Posted: October 14, 2020
Dangers of Cyber Attack ~ Small Businesses, Beware!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
Beware of Fund Transfer Fraud! Learn what BEC is all about!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...