Remove Crime Remove Cyber Remove Theft
article thumbnail

AI Is Turbocharging Organized Crime, EU Police Agency Warns

Insurance Journal

The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns. The grim warning came at the …

Crime 165
article thumbnail

CYBER PROTECTION INSURANCE WITH CHUBB

Boyle Agency Insurance

Protect Your Online Presence We are all on the internet these days and the need for cyber protection is ever greater. Bogle Agency Insurance provides outstanding cyber insurance coverage with Chubb Masterpiece Cyber Protection. The post CYBER PROTECTION INSURANCE WITH CHUBB appeared first on Bogle Agency Insurance.

Cyber 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Combating Fraudulent COVID Unemployment Claims

Risk Management Monitor

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
article thumbnail

Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

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. Theft or vandalism: Restaurants can be common sites of burglary or vandalism, which can not only turn off customers but also lead to pricey repair bills.

article thumbnail

The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

Triple-I: Business Insurance

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.

article thumbnail

RIMS TechRisk/RiskTech: Opportunities and Risks of AI

Risk Management Monitor

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. The bias inherent in AI/machine learning have real world impacts.

Risk 75
article thumbnail

Protect Your Clients Against Data Breaches

ProWriters

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.