Accenture: Cyber Insurance

JULY 25, 2018

It seems like every week there’s news of a new cyber attack. Also in 2017, malware interrupted the business of a pharmaceutical… Cyber insurance: Opportunity or challenge?

Cyber 52

Cyber Insured Insurer Insurance 52

ProWriters

OCTOBER 2, 2024

Data breaches don’t just happen in a vacuum; they leave behind a trail of digital breadcrumbs that cyber forensic experts can follow to determine how, when, and why the breach occurred. Let’s break down the steps involved in a data breach forensic investigation and see how the experts pull back the curtain on cyber crime.

Cyber 92

Cyber Financial Loss Crime Damage 92

Risk Management Monitor

JANUARY 27, 2022

As ransomware continues to spread and payment costs increase, cyber insurance rates have gone up exponentially. As a result, it is more important than ever for companies to understand their cyber vulnerabilities and exposures so they can ensure they are properly covered. One way to do this is through analytics.

Cyber 66

Cyber Underwriter Underwriting Risk 66

Triple-I: Business Insurance

APRIL 4, 2024

Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders. These attacks caused a five-year high of $12.5 billion, the most for any cybercrime tracked.

Financial Loss 52

Financial Loss Cyber Crime Risk 52

Risk Management Monitor

MAY 17, 2021

As federal and state officials scramble to send unemployment and stimulus funds to help people hit hard by COVID-19 business shutdowns, it has become a perfect storm for cyber fraud. The payments are an easy target for cybercriminals as hackers and cyber gangs around the world have started to file unemployment claims use stolen identities.

Claim 75

Claim Theft Cyber Crime 75

Frankenmuth Insurance

OCTOBER 3, 2024

Consider cyber insurance. Cyberattacks are the fastest-growing crime in the United States, which is why businesses today benefit from cyber insurance. Talk to a local, independent agent about online and cyber safety today. For added peace of mind, our experts are here.

Cyber 86

Cyber Crime Agents Protection 86

Distinguished

FEBRUARY 24, 2025

Cyber attacks: Digital systems like payment terminals and booking systems are convenient, but they also open restaurants up to the possibility of expensive data breaches. Cyber liability insurance: Protects restaurants against the financial fallout of data breaches and cyberattacks.

Liability 52

Liability Liability Insurance Insured Insurer 52

ProWriters

JULY 25, 2024

companies faced the risk of a significant cyber attack. Analysts project cyber crime to cost the U.S. For most companies, a cyber breach isn’t a question of if but when. As a Cyber Insurance broker, you can learn from their mistakes to help protect your clients. trillion by 2028.

Protection 53

Protection Cyber Damage Broker 53

Risk Management Monitor

JANUARY 27, 2022

However, the algorithms that support them and govern many users’ online activities could end up being something akin to the “pre-cogs” from Minority Report that predict future crimes because the algorithms are collecting so much personal information.

Risk 75

Risk Crime Cyber Theft 75

ProWriters

FEBRUARY 12, 2024

Indeed, 2023 saw the most reported cyber security breaches in healthcare (725) and the most breached records (more than 133 million). Help Your Clients Respond to and Reduce Their Risk of HIPAA Breaches Knowing how to respond to healthcare data breaches is crucial, especially breaches occurring due to cyber crime.

Cyber 52

Cyber Liability Insurance Liability Protection 52

Risk Management Monitor

MARCH 4, 2022

Concerns about escalating cyber activity around the crisis are a vivid reminder of the importance of knowing your threat model and adjusting your risk management priorities accordingly. That is not to say that there is necessarily cause for panic, simply that the effects of cyber conflict can be unexpected, widespread and potentially severe.

Cyber 56

Cyber Business Interruption Risk Policy 56

Insurance Journal

DECEMBER 16, 2024

Once considered to be simply “bean counters,” accountants now play an important role in the defence, investigation and protection against cybercrime. Modern cybercrime includes stealing personal information, hacking into systems, spreading viruses and tricking people into giving away money or …

Protection 246

Protection Crime Cyber Insured 246

Insurance Journal

AUGUST 28, 2024

Cybercrime and other acts of sabotage have cost German companies around 267 billion euros ($298 billion) in the past year, up 29% on the year before, according to a survey published on Wednesday. Industry association Bitkom surveyed around 1,000 companies …

Crime 241

Crime Cyber Insured Insurer 241

Risk Management Monitor

JUNE 14, 2021

These multi-party cyber breaches create a ripple effect and threaten to have a far greater impact than those affecting single companies. If a vendor’s cyber risk degrades or an element falls out of policy, you will be notified instantly.

Risk 69

Risk Cyber Building Claim 69

Risk Management Monitor

DECEMBER 5, 2022

This initial step will lay the framework for the establishment of cyber threat intelligence, systems monitoring, and incident response protocols. Companies are on the right track here: 65% plan to increase their technology spend this year across data analytics and process automation to support detection and monitoring of risks.

Risk 76

Risk Cyber Building Crime 76

Scott Insurance

SEPTEMBER 27, 2022

Businesses in every industry are facing cyber threats with increasing frequency and severity. It is no longer a question of if your organization will experience a cyber incident, but when. The FBI puts out a report ever year called the IC3 Cyber Crime Report. The number one threat every year is business email compromise.

Cyber 52

Cyber Risk Crime Insurance Companies 52

Risk Management Monitor

JUNE 17, 2022

An efficient security awareness program extends visibility and cyber threat detection beyond defensive technologies applied in the environment by empowering people to be a critical line of defense. Conduct Security Awareness Training A comprehensive and effective security awareness program for employees benefits the organization at large.

Protection 76

Protection Cyber Risk Crime 76

Risk Management Monitor

DECEMBER 3, 2021

And cyber risk remained elevated in 2021, with more than 600,000 cybersecurity incidents reported in the first six months of the year alone, according to CERT.”. “The shift to a remote workforce necessitated by sweeping lockdowns to stem the spread of the pandemic is widely seen as having increased cyberrisk,” Marsh and RIMS noted.

Risk 45

Risk Building Business Interruption Cyber 45

Risk Management Monitor

JUNE 11, 2021

In a nod to its importance, the National Cyber Security Alliance even recently kicked off the first ever Identity Management Day. For many CISOs, overseeing identity management represents a significant challenge and a substantial component of their broader security ecosystem.

Risk 49

Risk Cyber Protection Theft 49

Risk Management Monitor

OCTOBER 25, 2022

In other lines of business, as inflation continues to rise and products become harder to get, we can expect to see increased crime activity, with higher value attributed to stolen goods due to shortages and inflation encouraging more employee theft.

Risk 40

Risk Insured Insurer Insurance 40

Risk Management Monitor

SEPTEMBER 1, 2022

Cybersecurity should be a top priority for organizations today, especially as employees continue to work remotely without business-grade protections. In the age of COVID-19, businesses are more vulnerable than ever. Whether it is phishing scams or malware, hackers are constantly finding new ways to attack businesses.

Protection 58

Protection Risk Liability Damage 58