Cyber Insurance Blog

Corporate data backup is essential for protecting the future of a business. If the only backup is on a single computer and it gets hacked or stolen, that data is gone. Losing data can set a company back years and even lead to business failure. A good backup strategy ensures that data is completely secure and possible to recover within…

In June 2018, California passed a consumer privacy act that has only started to go into effect this spring (2020). The California Consumer Privacy Act (CCPA) could have a greater impact on U.S. companies than even the European Union’s General Data Protection Regulation (GDPR). CCPA compliance doesn’t include some of the most stringent requirements of the GDPR, such as the…

Cyber Insurance Covers the Cost of First- and Third-Party Damages If your clients are like many companies, they probably use computers to send, receive, or store electronic data on a daily basis. That data could include tax records, payroll, or any other information owned by the organization. If that information is damaged or stolen due to a data breach, it…

As brokers, selling cyber insurance presents unique challenges. While we regularly hear about cyber attacks and data breaches in the news, the average business owner is often not well versed in the latest cyber security intel. As the industry faces new threats on a regular basis, cyber security efforts advance and rules and regulations are revised, making the cyber insurance…

While cyber attacks related to ransomware and social engineering may make more frequent headlines, Distributed Denial-of-Service (DDoS) attacks are wreaking havoc on businesses of all sizes across a spectrum of industries. It’s important for business owners to recognize these risks, set a plan to prevent DDoS attacks, and learn how to detect them if and when they do occur. With…

Many successful ransomware attacks share a common characteristic—an authorized user does something they shouldn’t, like open a phishing email or click on a fraudulent link. So why aren’t businesses focusing on user education cyber security as a first-line approach? The Costs of User Error Are Real and Measurable According to the 2020 report from Ponemon Institute, the average global cost…