Cyber Insurance
Cyber Liability Insurance: More than Ransomware
When you think of cyber liability coverage for your business, you probably think of ransomware attacks, and with good reason: Ransomware incidents have spiked over the past few years, as have the associated costs. In many cases the actual ransom amount, steep though it may be, pales in comparison to the associated costs of recovery…
Read MoreCyber Security for Small Businesses
Despite significant cyber security exposures, 85% of small business owners believe their company is safe from hackers, viruses, malware or a data breach. This disconnect is largely due to the widespread, albeit mistaken, belief that small businesses are unlikely targets for cyber attacks. In reality, data thieves are simply looking for the path of least…
Read MoreRisk Management – Retail Operations
Owning and operating a retail store can be a fulfilling experience. Years of hard work, risk-taking and financial investments have allowed you to turn your dreams of opening a store of your own into a reality. Depending on the specific type of store you manage, there are a number of exposures to consider, including risks…
Read MoreLeading the Way: Ransomware Attacks in Manufacturing
For all the concerns about the manufacturing sector and how it’s been affected by supply chain issues, there is one area where manufacturing leads all other industries: ransomware attacks. According to Advisen loss data, ransomware attacks in manufacturing doubled from 2019 to 2021, making it the most targeted industry. This marks a shift from previous…
Read MoreToo Small to Be Hacked? Think Again!
In our discussions with business owners we often run across this common misperception: “We’re too small to be hacked. Ransomware attacks go after the places with big money.” That’s simply incorrect. Ransomware actors, like most thieves, go after the easiest targets. Small businesses often don’t have the time or budget to spend on cybersecurity as…
Read MoreMalicious Data Breaches Increased 55% in 2020
The number of malicious data breaches increased 55% from 2019 through 2020, driven by several high-profile breaches, according to Advisen data. This spike reverses the downward trend in the previous few years, as bad actors searched for more lucrative options—namely ransomware. Time will tell if the spike in malicious data breaches during a period dominated…
Read MoreGoing for the Gold: Ransomware Attacks at an All-Time High
From the department of “records we didn’t want to see broken” comes this bit of news: The 4th quarter of 2020 brought a new high in the number of ransomware attacks. As you probably know, the sudden shift to a work-from-home (WFH) environment as a result of the pandemic created a huge range of security…
Read MoreMore Hackers to Worry About: Ransomware-as-a-Service
The huge spike in ransomware attacks on businesses over the last year has multiple causes, many rooted in the pandemic. Plenty of businesses scrambled to set up a work-from-home (WFH) model in a big hurry, leaving a trail of security flaws. There have been ample social-engineering opportunities for hackers also, ranging from phony texts about…
Read MoreDeepfakes: What They Are and Why Your Business is at Risk
If you’ve recently scrolled through your Facebook feed and been startled to see a famous movie scene, but with your friend’s face in place of the actor, you have an idea of what deepfake technology can do. A deepfake is essentially a sophisticated forgery of an image, video or audio clip, done using artificial intelligence…
Read MoreCybercrime and Your Benefits Plan
With cybercrime front and center in the news again thanks to the ransomware attack that closed Baltimore County’s public schools, it’s a good time to take a new look at the risks and how to mitigate them. While many organizations focus their attention on their operational data – and rightly so – there’s another very…
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