Tag Archives: risk

Boards of Directors Becoming More Involved in Cyber Security

Boards of Directors Becoming More Involved in Cyber SecurityDuring the past year or so we have visited the need for company boards to become more involved in their cyber security strategy as data breaches and other network security issues today are such major threats for organizations. Cyber security incidents leave behind a wide range of operational, reputational and financial damages and without the oversight of a company’s board of directors there are significant legal and financial implications.

A …

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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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The Risk of On-Line Cyber Crime, Fraud on the Rise

The Risk of On-Line Cyber Crime, Fraud on the RiseIn our recent article, “Potential E&O Exposures for Real Estate Professionals,” we discussed the exposures related to the use of wire transfers and the Automated Clearing House (ACH) in transactions for real estate agents and brokers, property managers, title agents and escrow agents, mortgage brokers and bankers. These risks involved were also recently underscored in an article in the Wall Street Journal on July 29…

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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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New Insurance Study Reveals “Riskiest” States for Employment Practices Suits

New Insurance Study Reveals Riskiest States for Employment Practices SuitsCA, IL, AL, MI and DC Top List in Employment Practices Liability Claims

A recent insurance industry study reveals those states that are the riskiest when it comes to employee-related lawsuits. Toping the list is California, Illinois, Alabama, and Mississippi along with the District of Columbia. Compared to the national average, the study reports that businesses in these states and jurisdictions face a significantly higher risk of being sued …

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Social Media Increases Security, Privacy Risks

Social Media Increases Security, Privacy RisksSocial Media Increases Security, Privacy Risks

Businesses reap tremendous benefits from social media, which allows for interaction, cross-communication and engagement in ways traditional marketing could never do. But with the upside and many benefits of social media come new risks, such as security, privacy, intellectual property, employment issues.

Here are some of the issues your business is exposed to and should be aware of when on Facebook, Twitter, …

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Devices Help Advance Medicine, Yet Distract Medical Professionals

Devices Help Advance Medicine, Yet Distract Medical ProfessionalsA recent New York Times article discussed how the use of devices – computers, smartphones, etc. – in hospitals and doctor offices is not only providing immediate access to patient data, drug information, etc., but may also be contributing to medical errors. The doctors and nurses may be putting too much focus on the equipment and not enough on the patient.

And sometimes these devices, unfortunately, are not being used …

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