Tag Archives: cyber
Computer Security Day Is Coming Up: Protect Your Business From Cyber Attacks
On 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 …
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 …
Artificial Intelligence in the Workplace and Cyber Security Concerns
Many 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 …
Cyber Crime: WannaCry Screams the Need to Protect Against Ransomware
Ransomware 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 …
Are There Holes in Your Cyber Insurance Coverage?
Increasingly more firms are realizing the true value of Cyber Liability insurance to address their exposures to computer fraud or attacks. This goes beyond just large corporations who rank cyber among the top risks they face today. Small and mid-sized businesses in fact are now beginning to understand the extent of their risk and how a cyber incident can not only affect their bottom line but also their reputation among …
Educational Institutions Among Sectors Increasing Spending on Cyber Insurance
A new report recently came out showing that businesses, especially those in certain industry sectors, are stepping up their Cyber Liability insurance spending. A look at U.S. clients shows that more universities, health care organizations, retailers, and financial institutions purchased Cyber insurance in the first half of 2015 compared to last year at this time.
In fact, universities and other organizations in the education sector saw almost a 90% change …
Emerging Cyber Risk for Directors & Officers Grow in Frequency
Recent Conference Highlights Emerging Cyber Risk for Directors & Officers
Earlier in June of this year, we wrote about the increased importance of the role by boards of directors in cyber security, brought to light in the wake of several high-profile data breach cases such as Target, and the call from SEC Commissioner Luis Aguilar in May for corporate boards to ensure they’re taking the necessary steps to address …
The Focus is on Cyber Insurance As Smaller Businesses Become Targets
The Focus is on Cyber Insurance As Smaller Businesses Become Targets
Increasingly more and more companies are looking to purchase Cyber Liability insurance as we see a broader scope of industries being exposed to data breaches, increased regulations and smaller businesses as targets. This is reflected by the rise in the number of insurers offering the coverage to address an increased demand. In fact, standalone Cyber insurance is now a …
Small Business Must Step Up Security Measures for Handheld Technology
Small Business Must Step Up Security Measures for Handheld Technology
The majority of small business owners allow their employees to use their smart phones and tablets to work, but as we have pointed out in previous blogs, many don’t take actions to keep these devices safe from cyber threats. In fact, in a recent survey conducted by AT&T and the Polytechnic Institute of New York University of 623 small businesses, …
Cyber Liability: Causes of Data Losses
Cyber Liability: Causes of Data Losses
A study conducted by NetDiligence®, a cyber risk assessment and data breach services company, on cyber liability and data insurance claims for incidents occurring between 2005 and 2010 within a variety of industries, including the airlines, consulting, education, financial services, retail, manufacturing, information technology, and healthcare sectors, looked at the type of data exposed, what caused the loss, and which business sector suffered the …
