Risk Management Monitor

DECEMBER 3, 2021

An increasingly key theme year over year, resilience is at the root of the latest Excellence in Risk Management India report from Marsh and RIMS—and the RIMS Risk Forum India 2021 virtual event , where the report was officially released today. They have crisis management plans in place, but they also dig deeper, look farther ahead.

Risk 45

Risk Building Business Interruption Cyber 45

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

Risk Management Monitor

MARCH 4, 2022

A wide range of risks are trickling down from Russia’s assault on Ukraine , from sanctions compliance to supply chain disruption to business interruption. 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.

Cyber 56

Cyber Business Interruption Risk Policy 56

Risk Management Monitor

OCTOBER 25, 2022

According to Beazley’s recent Risk & Resilience Geopolitical Report , inflation is a key area of concern for business leaders and they expect economic uncertainty to remain high through to the end of this year. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

Risk 40

Risk Business Interruption Insurance Insurer 40

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

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

Insurance Broker 52

Insurance Broker Cyber Broker Protection 52

Risk Management Monitor

JUNE 17, 2022

Ransomware attacks have proven a particular risk in recent years, with attacks like the Colonial Pipeline and myriad attacks on health care organizations demonstrating the serious impact of cyberattacks beyond financial risks, affecting everyday life and business operations. Ransomware and other cyberattacks are always evolving.

Protection 76

Protection Cyber Risk Crime 76

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. Data security spans two areas of organizational risk: unauthorized data use and privacy issues associated with authorized data processes. Cloud Application Security.

Risk 49

Risk Cyber Protection Theft 49

Risk Management Monitor

SEPTEMBER 1, 2022

Each organization’s security strategy also needs to align with its specific business risks. Performing risk assessments will allow employers to determine where they need to invest in cybersecurity. Once an organization’s risks are assessed, it can create a plan to suit these needs. Prioritize Investments in Cybersecurity.

Protection 58

Protection Risk Liability Damage 58

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 Underwriting Underwriter Risk 66

Risk Management Monitor

JUNE 14, 2021

Because much of this is done through outsourcing of systems and services to third parties, many enterprises have dramatically increased the scale and complexity of their risk surface. These multi-party cyber breaches create a ripple effect and threaten to have a far greater impact than those affecting single companies.

Risk 69

Risk Cyber Building Claim 69