Tag Archives: Risks

Cyber Liability: Small Businesses Increasingly Targeted by Hackers

Cyber Liability Small Businesses Increasingly Targeted by HackersSmall businesses are increasingly the target of hackers. In fact, according to figures by a major insurance carrier, in 2014, 60% of all online attacks targeted small and mid-size businesses. The reason: Limited security budgets, outdated security and lax employees, which can leave holes easily exploited by ever-more-sophisticated digital criminals.

Indeed, according to many experts in the cyber security field, smaller companies are easier to hack, as they don’t have …

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Potential E&O Exposures for Real Estate Professionals

Potential E&O Exposures for Real Estate ProfessionalsThe use of wire transfers and the Automated Clearing House (ACH) Network are used to handle real estate transactions between businesses and individuals. Real estate agents, brokers, property managers, title agents, escrow agents, mortgage brokers and bankers all have access to personal and financial data of their clients with wire transfers and ACH instructions – information that has become increasingly at risk for fraud and deception. In fact, scammers and …

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Cyber Liability: Data Breaches and Role of the CEO

Cyber Liability Data Breaches and Role of the CEOA survey of 200 directors of public companies conducted by security firm Veracode and the New York Stock Exchange Governance Services (NYSEGS) shows that corporate boards have become much more serious about data breaches and are willing to hold top executives accountable for them, as recently discussed in an article in Christian Science Monitor. This is not at all surprising considering the havoc that data breaches wreak on companies …

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