News and Articles—Cyber
Top Five Cybersecurity Tactics
March 27, 2023
Cybersecurity is often in the news, but few insurance agents fully understand its implications. In short, cybersecurity refers to the practice of anticipating and combatting virtual threats. It is especially imperative… more ▶
The Changing Cybersecurity Threat
October 14, 2022
The incidence of cyber attacks against businesses continues to grow. Cybercriminals are employing advanced resources and taking advantage of evolving areas of risk exposure. Here are some things that companies can do to arm themselves… more ▶
The Benefits of Cyber Insurance
April 15, 2022
Cyberattacks seem to be a permanent fixture in the news, and it’s easy to see why. Data breaches, malware, and distributed denial-of-service (DDoS) attacks are all becoming increasingly worrisome threats… more ▶
How Cyber Threats Will Evolve in the Coming Years
January 28, 2022
What is the future of cyber security? If you service cyber insurance clients, you likely already field questions about the changing winds of the cyber security field. However, the threats your clients may face, regardless of their industry, are far from stagnant. In fact… more ▶
2022 Cybercrime and Threat Predictions
December 7, 2021
Cybercrime has increased in frequency and severity over the last few years, and predictions indicate that the trend is not going to slow. Forecasters say data breaches will cost an annual $10.5 trillion by the year 2025, compared to $6 trillion in 2021… more ▶
Why Companies Should Not Pay Ransom Fees
November 15, 2021
Increased reliance on technology brings increased potential for cybercrime, and ransomware is no exception. An investigation by Verizon in early 2021 reported that 10% of breaches from 2020–2021 involved ransomware, a type of malware that attacks a company’s… more ▶
A Cyber Claims Roadmap
November 3, 2021
With cyber incidents on the rise and constantly evolving, it’s vital that a cyber policy is in place, and that the response process is clear in case of an incident. Certain steps that must be taken to help ensure coverage will be there when needed… more ▶
What is Multi-Factor Authentication?
November 1, 2021
No matter how strong password credentials may be to secure an account, there are often equally strong attacks against them. When establishing appropriate access for users, it’s important that users prove they actually are who they claim to be. Multi-factor… more ▶
A Bank’s Largest Cybersecurity Threats
October 5, 2021
Banks have always been a dream target for criminals. After all, that's where the money is. In today's technological landscape, much of a financial institution's operations now occur over the internet, creating a web of attractive targets for cybercriminals.… more ▶
Critical Cybersecurity Statistics Every Business Should Know
September 7, 2021
Not a week goes by without news media reporting on another cyberattack targeting business data. Highly-publicized data breaches or networks held hostage have accelerated the adoption of cyber insurance across the business sector. As the economy begins its… more ▶
The Actual Costs of a Data Breach in 2021
June 15, 2021
2020 was a banner year for cyber criminals. As the coronavirus halted normal business operations across industries, shifts to remote work environments and a growing reliance on digital communication resulted in significant risk exposures for… more ▶
Spotlight on Ransomware
June 1, 2021
Ransomware has become increasingly sophisticated, specialized and often incredibly difficult to prevent. This form of cybercrime involves hackers breaking into computer networks and locking up digital information until the victim pays for its release… more ▶
Lesser Known Costs Associated with a Cyber Attack
May 17, 2021
With the growing threat of cyber attacks on business interests around the world, cyber insurance has become an integral part of risk management. This insurance helps to cover the expenses associated with a cyber attack, such as a distributed denial of service… more ▶
Cyber Security Forecast for 2021
March 9, 2021
2020 provided unique challenges to business owners around the world. The coronavirus pandemic forced dramatic changes in business operations, pushing many companies toward a digital presence. Stay-at-home orders and quarantine restrictions… more ▶
How to Respond to a Data Breach
January 5, 2021
The best way to prevent a data breach is to be prepared for one. Implementing strong cybersecurity measures, maintaining them, and conducting regular updates are critical steps in securing systems. Educating staff about cybersecurity and training them… more ▶
Top 5 Cyber Threats for 2021 and Beyond
December 8, 2020
2020 was a difficult year for businesses around the globe. The coronavirus pandemic caused mass layoffs as the world economy came crashing down. For those business operations that were able to remain operational, a new threat emerged: cyber crimes… more ▶
Cryptojacking: What It Is and How to Prevent It
November 17, 2020
In the digital age, businesses face numerous risks associated with computer and technology systems. Highly publicized data breaches of major corporations have captivated the attention of business leaders; these breaches have also cost billions of dollars… more ▶
The Emergence of a New Cyber Threat: “Vishing”
October 30, 2020
As remote employment has grown in popularity for the convenience and efficiency it provides business owners and employees alike, cybersecurity liabilities have equally expanded. With employees connecting to company servers… more ▶
Cyber Liabilities in the Financial Sector
February 24, 2020
Across industries, cyber crimes are on the rise. As businesses shift to digital systems for managing data, personnel, and customer records, cybercriminals have increasingly targeted these systems. The financial sector was especially hard-hit in 2019, with numerous… more ▶
Cyber Liability Concerns for Healthcare Facilities
May 7, 2019
It is no secret that technology has transformed the healthcare industry. From patient tracking to developing innovative treatment protocols and managing facility providers, staff, and assets, technology has been behind some of the most dramatic advances… more ▶
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