Tag Archives: Cyber Attacks

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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How CPAs, CFOs, Finance Staff Can Fight Off Executive Impersonation Cyber Attacks

How CPAs, CFOs, Finance Staff Can Fight Off Executive Impersonation Cyber AttacksThe American Institute of CPAs (AICPA) is looking to better equip CPAs, finance chiefs and their staffs across all industry sectors with measures to fight off cyber attacks that involve impersonating executives in order to get employees to transfer large sums of money between subsidiaries or to suppliers on behalf of the company. This type of cyber crime is part of a growing risk known as business email compromise (BEC), …

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Cyber Liability Insurance: Where You Turn When a Data Breach Occurs

Cyber Liability Insurance Where You Turn When a Data Breach OccursThe Ponemon Institute, an independent research organization on privacy, data protection and information security policy, estimates that between 2014 and 2015 the cost of data breaches due to malicious or criminal attacks has increased from an average of $159 to $174 per record. With the continuing rise and frequency of attacks and this surge in response expenditures, the potential damage to brand reputation, class-action lawsuits and costly downtime is becoming …

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Survey: Cyber Attacks Continue to Compromise Data at Healthcare Organizations, Facilities

Survey Cyber Attacks Continue to Compromise Data at Healthcare Organizations, FacilitiesIn a recent survey, 81% of healthcare executives said that their organizations have been compromised by at least one malware, botnet, or other cyber attack during the past two years. This is not surprising considering the headline news we read on a regular basis – from the network breach at for-profit hospital network Community Health Systems in August 2014 in which more than 4.5 million patient records were stolen, to …

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Can Cyber Security Experts in the Boardroom Help Stem Attacks?

Can Cyber Security Experts in the Boardroom Help Stem AttacksThe elevation of cyber security experts to the boardroom, a position traditionally occupied by former CEOs and specialists in marketing and finance, is becoming a fast-expanding trend around the country. Typically, these companies are at high risk for cyber attacks and in industries like financial services and healthcare or conduct significant business online. Why? It’s simple: Cyber attacks on large companies skyrocketed 44% last year from 2013. Moreover, cyber crime …

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Recent Disclosed Cyber Attacks Highlight Healthcare Data Risks

Recent Disclosed Cyber Attacks Highlight Healthcare Data RisksIn the past couple of weeks, at least three organizations in the healthcare industry have disclosed data breaches that affected patients, underscoring the relentless cyber risks that this segment faces. The first disclosure came from CareFirst BlueCross BlueShield in which a cyber attack affected an estimated 1.1 million people. The next victim of an attack was Cleveland-based MetroHealth System, which is in the process of notifying almost 1,000 patients who …

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DOJ Issues Best Practices Guidance on Cyber Attacks

DOJ Issues Best Practices Guidance on Cyber AttacksLast month, the Department of Justice (DOJ) released guidance on the steps companies should take before, during, and after a cyber incident. Entitled “Best Practices for Victim Response and Reporting of Cyber Incidents”, the guidance reflects the experience of federal prosecutors and investigators, and incorporates insight from private sector entities that have managed cyber incidents. It also provides the DOJ’s positions on the legal permissibility of a number of …

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