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

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

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. appeared first on Home.

Cyber 86

Cyber Crime Agents Protection 86

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

ProWriters

FEBRUARY 12, 2024

The Health Insurance Portability and Accountability Act (HIPAA) mandates that healthcare providers and other covered entities keep sensitive patient information private and secure. Indeed, 2023 saw the most reported cyber security breaches in healthcare (725) and the most breached records (more than 133 million).

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 Insurance 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 Insurance Insurer 241

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. It has to be looked at and tested by the insurance company.

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

OCTOBER 25, 2022

Inflation’s Impact on the Insurance Market. In light of current economic conditions, the directors and officers (D&O) insurance market is now facing several notable inflationary risks. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

Risk 40

Risk Insurance Insurer Insured 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