With reports of cyber criminals increasingly focusing on smaller companies for targeted attacks, now more than ever businesses that store sensitive data need to consider how they protect their information systems. And while you can install firewalls and take other precautionary measures, should an attack occur, you will be left facing untold costs and possible…Read more
Log4j Puts Your Business at Risk
The federal government is warning that a newly discovered computer software vulnerability poses a major threat to the security of computer networks around the country. Cybercriminals are exploiting holes in open-source code software commonly used in computer applications, websites, and cloud services, which can allow them to seize control of a business’s computer network if…Read more
Cyber Liability…No Longer Nice to Have but a Must Have for Businesses
Cybersecurity threats have continued growing, in fact they been ramping up during 2020, and the trend according to experts is that the risks will continue to grow at an exponential rate. And small to mid-sized firms that think they will fly under the radar of cyber threats are sadly mistaken, as they are usually easier…Read more
COVID-19 Lawsuits
The novel coronavirus that broke out in the winter has caused immeasurable suffering, both physical and economic. For employers struggling to stay in business, this is a fraught time where mistakes in managing their workforces could lead to employee lawsuits. Here are 10 potential trouble spots to watch for. Workplace safety – Businesses that still have…Read more
As Cyber Threat Mounts, More Companies Take Measures
As attacks on businesses’ networks continue increasing at unprecedented levels, cyber risks have become the top concern among organizations of all sizes for the first time, according to a new survey. The “Travelers Risk Index” found that 55% of executives surveyed said they worry “some” or “a great deal” about cyber risks. That’s more than…Read more
Small Businesses Don’t Need Cyber Insurance
If your business has millions of excess cash and a crisis department dedicated to damage control, your business may not need Cyber insurance. If your business falls into the 95% category, and you do not have these resources, Cyber insurance is a must. Cyber attacks on companies’ information systems and data have reached unprecedented proportions,…Read more
Despite Risks, Few Small Businesses Worry about Data Breaches
As the number of data breaches involving smaller businesses continues to grow, a survey by The Hartford finds 85% of small business owners said a potential breach of their own data was unlikely, and many are not implementing simple security measures to help protect their customer or employee data. “Most of the business owners surveyed…Read more
Cyber Insurance Should Include Business Interruption
As the full threat of hacking and cyber attacks takes hold, cyber insurance policies are evolving so that the primary focus is on business interruption coverage. When these policies first hit the market, they were mostly focused on covering the costs of notifying individuals whose personal data or credit card information may have been exposed,…Read more
Ransomware Is Major Threat Facing Businesses
Ransomware is turning out to be the biggest cyber threat facing companies in 2017 after attacks more than quadrupled in 2016 from the year prior, according to a new study. If you are not familiar with this fast-evolving cyber threat, typically the perpetrators will essentially lock down your database and/or computer system and make it…Read more
Cyber Crimes
Cyber crime has grown into a massive expense for businesses and organizations around the world. According to a recent report by Allianz Global Corporate & Specialty, it costs the global economy an estimated $445 billion annually. It costs the world’s four largest economies – the US, China, Japan and Germany – more than $200 billion.…Read more
