Ransomware Locks Down Prominent Providence Law Firm

  Ransomware locks down prominent Providence law firm Recently a prominent law firm in Providence, RI was subject to a ransomware event. All their files were encrypted and they had a demand for $25,0000 in bitcoin to unlock the files. They allege in a lawsuit filed against their insurance carrier that they had to re-negotiate the terms
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Retailers – A Complex Cyber Exposure

Some clients understand this exposure, but many do not or incorrectly think that because they outsourced this service that it is not their issue to deal with.  The contracts in place governing credit card transactions push this liability down to the retailer.  Between the contracts and the technology involved, this can be a very difficult
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Cyber Insurance – Why You Need a Specialist

Not all Cyber Insurance Policies are created equally.  With rates in commercial insurance having declined year after year, retailers are under pressure to write more business and Cyber Insurance is a good place to start.  Most of their clients, if not all, have this exposure and traditionally did not buy coverage.  The trouble is that most
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How to Highlight Your Client’s Cyber Exposure

How to Highlight Your Client's Cyber Exposure Here is a link to a Presentation / Slides on this topic for your use. Schedule A Call With Our Cyber Insurance Experts Here If you are new to Cyber Insurance, it may seem like a daunting task to get up to speed on the market and exposures.  We have found that the first step in this process with a
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Cyber and Insurance Agent’s E&O

Cyber and Agents E&O Here is a link to a Presentation / Slides on this topic for your use. Cyber Insurance is not a standard coverage, so don't expect your Standard Market to provide you with the right coverage for your client.  The truth is, even the specialty brokers and specialty underwriters are having a difficult time underwriting and
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Is Cyber Covered Under a CGL Policy?

Is Cyber Covered Under a CGL Policy? Here is a link to a Presentation / Slides on this topic for your use. Is Cyber Covered Under A CGL Policy?. On April 11th, 2016 the Fourth Circuit Court of Appeals upheld a ruling by the Eastern District of Virginia that two CGL policies required an insurer to cover the defense of a cyber claim for the
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The History of Cyber Insurance

The Evolution of Cyber Insurance - How we got here and where are we going? Here is a link to our Presentation on the History of Cyber Insurance. In the late 90's as technology evolved so did risks related to technology.  As technology companies grew they wanted to transfer some of this risk and the the first technology policies
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Cyber Crime vs. Social Engineering – What You Need to Know

Fund Transfer Fraud & Social Engineering - What is the difference? There is an overlap and GAP in coverage between Cyber Policies and Crime Policies. Coverage for Fund Transfer Fraud and Social Engineering can be obtained on both Crime / Bonds and Cyber policies depending on your carrier and class of business. There has been a rise in Social
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Do your clients accept Credit Cards?

Cyber Insurance for Retailers can be tough, and tougher to explain when your client says: What is PCI Compliance? How can I find out if I am PCI Compliant? We outsource this, so it is not our responsibility. What is my exposure? What is covered or not covered? Here are just a few retail breaches from 2016: Tax Slayer Neiman
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Small Businesses Have Data Breaches

"The disruption to our business, the extent of unanticipated costs and expenses, and the unwelcome frustration and concern caused upon our customers have all been, and continue to be, significant." Eataly said in a statement. Good Article in the NY Times from this past summer. A restaurant named Eataly (delicious food) had a breach and in the
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