Tag Archives: Cyber attack

Computer Security Day Is Coming Up: Protect Your Business From Cyber Attacks

Computer Security Day Is Coming Up: Protect Your Business From Cyber AttacksOn November 30th, we will celebrate the international holiday Computer Security Day. The day was created in 1988, when computers started to become ubiquitous in business and in people’s personal lives. Since then, the day has served as a reminder to be aware of computer security and to protect against cyber risks. There are multiple things that you can do at your business during this day in order to protect

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Top Cyber Liabilities For Businesses

Top Cyber Liabilities For Businesses

As technology has evolved, so have the ways in which it can be exploited. As October is National Cyber Security Awareness month, it’s important that every business take a look at their current cyber practices and the new trends in technology in order to be aware of potential sources for cyber attacks and to protect themselves accordingly. In addition to having Cyber Liability insurance to cover them in the event

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Artificial Intelligence in the Workplace and Cyber Security Concerns

Artificial Intelligence in the Workplace and Cyber Security ConcernsMany of you have probably used some form of artificial intelligence in your day-to-day lives, whether it is using Amazon’s Echo or Apple’s Siri to gain information or Tesla’s Autopilot feature on the road. Artificial intelligence isn’t just growing in our everyday lives; many businesses today are starting to implement artificial intelligence and machine learning into their workplaces to perform certain duties, increase productivity, and take some of the strain

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Cyber Crime: WannaCry Screams the Need to Protect Against Ransomware

Cyber Crime: WannaCry Screams the Need to Protect Against RansomwareRansomware as a threat has been on the scene for a while, but it’s increasingly rising and widespread. Take a look at WannaCry, the recent ransomware that affected more than 200,000 computer systems in more than 150 countries and crippled transportation and hospitals globally. The majority affected were Windows-based computers that were not updated with a recently available and easily deployed patch.

Ransomware is a type of malware that, upon

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Cyber Risks: Tax Season Means Extra Vigilance in Keeping Client Data Safe

Cyber Risks Tax Season Means Extra Vigilance in Keeping Client Data SafeIt’s that time of year when accountants and tax preparers are busy preparing client tax returns for 2015. It’s also when a plethora of information is being shared between clients and accountants via email, Google Docs, Dropbox and other information-sharing platforms. This information includes Social Security numbers, financial statements and IRS forms, putting both accountants and their clients at risk for cyber crimes.

Emailing information may seem like the …

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The Importance of Forensics in a Cyber Attack

The Importance of Forensics in a Cyber AttackOn numerous occasions, we have discussed the importance of having a strong cyber plan in place that outlines the steps to take before and after a data breach or compromise occurs, including having a robust Cyber Liability insurance policy to respond to the various costs incurred in the wake of a incident. One of these costs involves forensic investigation by a security firm to determine the extent of a breach, …

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New Cyber Study Reveals Average Total Data Breach Claim at $673,767

New Cyber Study Reveals Average Total Data Breach Claim at $673,767Leading cyber risk assessment and data breach services company, NetDiligence, recently released its fifth annual Cyber Claims Study, which takes a look at actual losses for data breach events covered by various leading cyber liability insurance carriers. The findings in the report are from a sampling of 160 cyber liability insurance claims, examining the type of data exposed, the cause of loss, the business sector in which the incident occurred …

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Report: New & Old Cyber Attack Techniques Being Used

Report New & Old Cyber Attack Techniques Being UsedCombat Cyber Attacks with Smart Security Measures

Verizon recently released its “2015 Data Breach Investigations Report,” which revealed that although cyber attacks are becoming increasingly sophisticated, many criminals still rely on old techniques such as phishing and hacking. In fact, according to the report, the “majority of cyber attacks (70%) use a combination of these techniques, adding complexity to a breach.” Phishing involves fraudsters using tricks to get users to …

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Cyber Liability: Lessons Learned After a Data Breach

Takeaways from High-Profile Data BreachesTakeaways from High-Profile Data Breaches

Recent high-profile data breaches from Target and Home Depot to Sony, Anthem and most recently Premera have risk executives and managers looking for the lessons to be learned in mitigating such compromises. Following are some takeaways, courtesy of SurfWatch.

  • Take a look at potential threats to your organization from all vantage points, not simply from a technical view. Focus on the human element, the tools
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The Increased Cyber Liability Threat for Real Estate Industry

The Increased Cyber Liability Threat for Real Estate IndustryThe real estate industry just as any other sector is increasingly vulnerable to cyber crimes. All segments representing the various aspects of the industry – from property managers, brokers/ agents, title agents, developers, appraisers, multi-service real estate firms and others – are exposed to the emerging trend of cyber liability risks that we have seen over the last several years. In fact, back in December, we wrote about how cyber

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