Do you know the definition of Cyber Liability Insurance? What business types need Cyber Liability Insurance? What are the causes of cyber exposure? Why does my business need Cyber Liability Insurance? What is the financial risk due to cyber exposures? The cold hard fact is that Cyber Liability can affect almost any business. Take our […]
February 11, 2016
According to a recent Wells Fargo study of 100 U.S. middle market companies and large corporations, 85% of respondents carry cyber and data privacy policies and nearly half (44%) have already filed a claim as a result of a breach. As more businesses are recognizing the need for cyber insurance, the deterring factor of cost […]
January 5, 2016
Every day we continue to read or hear news about the many data breaches and cyber incidents, including Sony, the U.S. government’s Office of Personnel Management, and several airlines. As reported in the 2014 FBI Internet Crime Report, there were 269,422 total complaints in 2014. Of those complaints, 123,684 reported a loss representing a total […]
December 2, 2015
With data breaches making healines every other day, it is important now more than ever to be prepared for the event of a Data Breach. According to Research Reports done by Ponemon Institute on Data Breach Preparedness they found that while a few companies are making valuable changes many companies are deficient in governance and […]
October 5, 2015
We have all heard of the cyber attacks on financial institutions, retail businesses and the healthcare industry. More and more we are hearing of the attacks in other industries, such as the hospitality industry. Attacks reported just this year have involved Mandarin Oriental Hotel Group, effecting 10 of their hotels worldwide. It is assumed the […]
September 23, 2015
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 to be a […]
August 26, 2015
With almost 70% of businesses reported being hacked last year in a recent Property Casualty 360 article, and 36% having no cyber coverage, one might ask why? Perhaps businesses do not believe they need it or perhaps they do not know what a policy would do for them. Below we highligh some key benefits to […]
July 28, 2015
We have all heard of the cyber attacks on financial institutions and retail businesses. More and more we are hearing of the attacks in the healthcare industry. Attacks reported just this year have involved Premera Blue Cross effecting 11 million patients and Anthem involving 80 million records. These are just the high profile cases we […]
June 30, 2015
Cyber Liability Insurance – Why you need it now! Cyber Liability Insurance has been available to all businesses for over a decade. Security breach notification laws were enacted in 2002 in response to an escalating number of breaches of consumer databases containing personally identifiable information. The most recent attack in the news is with the […]
February 18, 2015
Misconceptions about Cyber Liability Exposures Cyber breaches are mostly a result of foreign offshore sophisticated hackers who are only targeting large retail and healthcare systems. It is true that hackers are responsible for the largest number of losses in claims against cyber liability exposures and that the most advanced hackers are in Russia and Eastern […]
January 21, 2015