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Cyber Insurance

Common Types of Construction Insurance

As contractors, it’s important to understand what types of insurance your business should have and why. You work hard – make sure you’re properly covered for unforeseen circumstances that could harm your business. Check out this list of recommended insurance policies: Workers’ compensation—Workers’ compensation covers work-related employee injuries or illnesses. While injuries are infrequent, they…

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Cyberthreats in Construction

Incidents involving ransomware and other types of malware have reached epidemic proportions over the past few years, and the construction industry has absorbed more than its share of the damage. A recent study by Safety Detectives found that construction was the third-most targeted industry in North America in 2021, with 13.2 percent of all attacks.…

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Callback Verification: What it is and Why You’ll Need it

Cybercrime comes in so many variations that it’s hard to keep up: Phishing, spear phishing, smishing, whaling, pharming … it’s enough to make your head spin. All have one thing in common, though, and that’s an attempt by a cyber thief to separate your business from its money by pretending to be someone else. The…

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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…

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Cyber 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…

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Risk 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…

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Leading 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…

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Too 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…

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Malicious 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…

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Going 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…

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