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Home » Cyber Liability Insurance

Cyber Liability Insurance

March 25, 2024
jdowdins

5 Common Cybersecurity Myths Debunked

A recent study by Accenture, an international IT services and consulting company, found that 43% of all cyberattacks target small businesses. With this in mind, it’s clear that cybersecurity measures are necessary for organizations of all sizes. Cybersecurity consists of strategies implemented to help protect organizations from cyberattacks and related losses. Such defense has become […]
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February 29, 2024
jdowdins

Navigating the Cyber Insurance Claims Process

Cyber incidents—including data breaches, ransomware attacks and social engineering scams—have become increasingly prevalent over the past decade, impacting organizations of all sizes and industries. These incidents are only expected to become more damaging and devastating in the years ahead, making it difficult for organizations to recover. In fact, global cyber economy researcher and publisher Cybersecurity […]
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February 12, 2024
jdowdins

Cyber Liability: Deepfakes Explained

Deepfakes refer to sophisticated forgeries of an image, video or audio recording. Deepfakes have been around for years—you can even find a version of them in social media applications. For instance, with Snapchat, face-changing filters take real-time data and feed it through an algorithm to produce a synthetic image. However, as the technology has evolved, […]
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November 27, 2023
Agency

Cyber Attacks: Common Social Engineering Tactics to Watch For

Social engineering refers to a cyberattack method in which a cybercriminal preys on key human behaviors (e.g., trust of authority, fear of conflict and promise of rewards) to obtain unwarranted access to targets’ technology, systems, funds or data. These attacks can be deployed through various tactics, such as digital impersonation, deceitful messages or malicious software […]
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November 6, 2023
Agency

Understanding the Cybersecurity Risks of QR Codes

Quick response (QR) codes are a popular marketing, sales, payment and customer service tool for several businesses. However, as the presence of QR codes has become more prevalent, malicious actors have found ways to use them in phishing attacks and to spread malware. These vulnerabilities can lead to significant financial and reputational damage, and it […]
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October 23, 2023
Agency

Five Cyber Readiness Practices to Boost Your Cybersecurity

Cyber threats are an ever-present concern across businesses, non-profits and public entities with organizations of all sizes often targeted by advanced and evolving attacks. The annual Travelers Risk Index shows cybersecurity persistently remains a top concern. The impact of cybercrimes like ransomware attacks, social engineering fraud and business email compromise make the implementation of robust cyber readiness […]
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July 20, 2023
Agency

How To Assess Your Business’ Cyber Risks

With cyber attacks becoming more frequent, there’s a growing chance that a business like yours will suffer a data breach or computer attack. It’s rare to find a small business that doesn’t conduct at least some of its transactions and communications online. Computers, tablets and other digital assets serve as the backbone of modern small […]
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June 16, 2023
Agency

How Cybercriminals Are Weaponizing Artificial Intelligence

The past few years have seen artificial intelligence (AI) surge in popularity among both businesses and individuals. Such technology encompasses machines, computer systems and other devices that can simulate human intelligence processes. In other words, this technology can perform a variety of cognitive functions typically associated with the human mind, such as observing, learning, reasoning, […]
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May 24, 2023
Agency

10 Essential Cybersecurity Controls Every Business Should Implement

Cyber incidents—including data breaches, ransomware attacks and social engineering scams—have become increasingly prevalent, impacting organizations of all sizes and industries. As such, here are 10 essential cybersecurity controls that organizations can implement to help manage their cyber exposures: Multifactor authentication (MFA)—While complex passwords can help deter cybercriminals, they can still be cracked. MFA can help […]
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May 22, 2023
Agency

Why Nonprofits Need Cyber Liability Insurance

Cybersecurity risks are becoming increasingly severe, targeted and frequent across all sectors. However, nonprofits are particularly at risk since many organizations don’t have the funding to implement adequate cybersecurity protocols. In addition, nonprofits often collect and store highly valuable information about their clients, donors and employees, making them a prime target for cybercriminals. The shift […]
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