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...
What Is Cyber Insurance? 1st Party Cyber Coverages (part 2 of 3)
Posted: August 10, 2021
Over 43% of cyberattacks are geared toward small businesses and a 1-person company!!! When looking to transfer technology risks, your cyber insurance should have 1st party and 3rd party coverages. We covered in details what a 3rd party cyber liability coverage looks like in our previous blog. Let’s look at the extensive list of what a comprehensive cyber insurance offerings are to you, as a...
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:...
Ransomware And Social Engineering: The Most Common Types of Cyber Attacks!
Posted: April 1, 2021
Ransomware And Social Engineering: The Most Common Types of Cyber Attacks!90% of cyber claims are ransomware & social engineering! On average, businesses experience 21 days of downtime following a ransomware and the cost of recovery has more than doubled since last year. Ransomware and social engineering attacks are increasing and are damaging to any company. What's worse is that these cyber attacks are becoming easier to execute - especially when geared toward SMBs!...