News and Articles—Cyber

article image 10-1-23.jpgCost-Effective Cyber Risk Strategies

October 1, 2023

While cybercrime has long been a risk for enterprises of all sizes, the threat of data breaches, ransomware attacks, and outright theft have increased dramatically in recent years. Smaller and mid-sized businesses may not have unlimited resources… more ▶

article image 3-27-23.jpgTop 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 ▶

article image 10-14-22.jpgThe 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 ▶

article image 4-15-22.jpgThe 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 ▶

article image 1-28-22.jpgHow 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 ▶

article image 12-7-21.jpg2022 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 ▶

article image 11-15-21.jpgWhy 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 ▶

article image 11-3-21.jpgA 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 ▶

article image 11-1-21.jpgWhat 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 ▶

article image 10-5-21.jpgA 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 ▶

article image 9-7-21.jpgCritical 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 ▶

article image 6-15-21.jpgThe 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 ▶

articles image_111.jpgSpotlight 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 ▶

articles image_114.jpgLesser 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 ▶

articles image_0103_7.jpgCyber 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 ▶

articles image_0000_110.jpgHow 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 ▶

articles image_0094_16.jpgTop 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 ▶

articles image_0092_18.jpgCryptojacking: 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 ▶

articles image_0090_20.jpgThe 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 ▶

articles image_0066_44.jpgCyber 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 ▶

articles image_0038_72.jpgCyber 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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Environmental Pollution: Planning for Risks

December 1, 2023 | For business owners, an environmental pollution incident can result in stiff regulatory penalties and staggering expenses associated with cleanup… more ▶

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Managing Workers’ Compensation Claims

November 15, 2023 | Claims management in workers’ compensation programs is a critical component of a comprehensive workplace health and safety strategy, involving… more ▶

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E&O and More in the Mortgage Industry

November 1, 2023 | Real estate professionals, including mortgage lenders, face numerous risks. These risks can result in significant financial burdens, particularly when legal claims… more ▶