Posts Tagged ‘cyber risk’

Cyber Risk Prevention

Monday, March 12th, 2018

Cyber Risk Insurance Cyber liability coverage (for data breaches) has evolved from just insurance for information technology companies to coverage that nearly every type of business should carry. From retailers, property managers, banks, contractors, distributors, restaurants and medical offices, many businesses are unaware of the severe data breach exposures they face. Any business not making…Read More

Cyber Risk – Much More Than Your Computer Is At risk

Thursday, January 25th, 2018

Cyber Risk The Business Journal recently published a report on cyber risk and we thought the results would be good to share with you. While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate or no cyber liability insurance coverage. That finding comes from the Association…Read More

Phishing, and not for fish!

Sunday, October 8th, 2017

A Cyber Risk Update Have you ever received a “junk email” claiming to be American Express and speaking of an unauthorized charge to your account say from a recently known cyber-attack such as, Home Depot and they are asking for you to follow a link to correct the problem?  The sophisticated web user knows this…Read More

Cyber Risk Update

Friday, September 29th, 2017

Over the last several years, cyber liability coverage has evolved from just insurance for information technology companies to coverage that nearly every class of business should have if they don’t already. From retailers, banks, contractors, distributors, restaurants and medical offices, many businesses are unaware of the great security technology exposure they face. Recent state laws…Read More

Cyber Risk Prevention

Tuesday, September 19th, 2017

Cyber Liability addresses the first- and third- party risks associated with e-commerce businesses, the Internet, networks and informational assets. Cyber Liability Insurance offers coverage protection for exposures arising out of Internet communications. The concept of Cyber Liability takes into account first- and third- party risks. The risk category includes data storage, business interruptions, fraud and…Read More

Cyber Liability Trends for 2017

Thursday, September 7th, 2017

Cyber Liability continues to be a major issue for businesses in 2017. In today’s data-driven social media world, businesses of all sizes have had a cyber-attack or data breach. Statistics show 39% of all cyber incidents affect businesses with fewer than 100 employees. Human errors and systems glitches caused nearly two-thirds of data breaches globally…Read More

Business Insurance Can Keep Your Business Afloat

Thursday, August 31st, 2017

A Business Insurance Update Buying business insurance is like investing in your business.  While you may never have a claim, if you do the resources provided by your insurer can keep your business going.  That is why it is important to have an agent who understands your needs and can help you design a business…Read More

How Cyber Liability Insurance Can Help Your Business Recover From A Breach

Tuesday, May 2nd, 2017

Almost every business has a cyber liability exposure and most businesses are securing some form of coverage to protect them from these types of threats.  A recent report by a leading insurance firm said that purchases of cyber insurance grew over 30% in the last year.  Did you know that an average business has a…Read More

3 Tips when searching for Cyber insurance

Wednesday, July 13th, 2016

1.  Know your risks Prior to looking for a policy, some due diligence ahead of time on your cybersecurity practices can be helpful in obtaining the best premium possible and getting terms that are important for your organization. Know the potential number of records your company maintains that could be exposed. This number is not…Read More

Cyber on the Rise

Wednesday, May 11th, 2016

Everywhere you look there are new reports of cyber breaches. A Business Insurance article reported on an Orlando, Florida-based resort firm’s cyber breach that may have affected its payment card network for almost a year and a half. An article in Bloomberg reported a 20-foot Bowman Avenue Dam on the outskirts of Rye, New York,…Read More

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