Triple-I: Business Insurance

APRIL 4, 2024

Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. billion in losses, with investment scams making up $4.57 The increased risk and rising financial losses from cyber risk likely drive growth for the cyber insurance market, which tripled in volume in the last five years.

Financial Loss 52

Financial Loss Cyber Crime Risk 52

Risk Management Monitor

JANUARY 5, 2022

It is not just about the financial loss; there are many reputational issues too. Several studies have shown that around 50% of fraudsters are motivated by either monetary reward or benefits gained by committing a crime. Why Procurement Fraud? There are two main reasons: greed and opportunity.

Crime 97

Crime Financial Loss Risk 97

ProWriters

OCTOBER 2, 2024

Sure, you’ll need to assess the compromised data and financial losses, but to truly understand the breach and protect against future risks, data breach forensics is essential. 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 52

Cyber Financial Loss Crime Damage 52

Cover4LetProperty

OCTOBER 1, 2024

While it’s not included in every policy and if often an add-on to legal protection insurance (see above), it’s may be a valuable option if you want to protect yourself from potential financial losses due to tenant non-payment. Properties in areas with higher crime rates or those prone to flooding may have higher premiums.

Insurance 53

Insurance Insurer Insured Injury 53

ProWriters

MAY 28, 2024

Ransomware attacks, phishing scams, and other types of cyber attacks can result in data breaches and other incidents that cause financial loss, reputational harm, and legal consequences. Contractors in the construction industry are not immune to cyber attacks. Cyber Insurance for contractors is an essential safety net.

Cyber 52

Cyber Business Interruption Insurance Insurer 52