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How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

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. Why Is Cyber Insurance Important?

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RIMS TechRisk/RiskTech: Opportunities and Risks of AI

Risk Management Monitor

Ramesh Srinivasan gave a keynote titled “The Opportunities and Downside Risks of Using AI,” touching on the key flashpoints of current technological advancement, and what they mean for risk management. He noted that as data storage has become far cheaper, and computation quicker, this has allowed risk assessment technology to improve.

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Distinguished Programs and Berkley Program Specialists Partner for Community Associations D&O and Crime Coverage 

Distinguished

New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Starting Jan.

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Five Strategies to Protect Against Ransomware and Other Cyberattacks

Risk Management Monitor

As organizations continue to adapt to remote or hybrid work models, it has never been more vital to have a robust cybersecurity program to better protect against ransomware attacks and other cyberattacks against company systems and personnel. Strengthen Asset Inventory You cannot protect what you do not know exists or cannot see.

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3 Things Every Organization Should Do to Protect Against Cybercriminals

Risk Management Monitor

Cybersecurity should be a top priority for organizations today, especially as employees continue to work remotely without business-grade protections. It is vital that employers protect their organizations and employees from cyberattacks, especially now. Protecting an organization requires the proper tools.

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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. As a Cyber Insurance broker, you can learn from their mistakes to help protect your clients. Ensure compliance with data protection laws like GDPR and CCPA by immediately notifying authorities and affected individuals.

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Combating Fraudulent COVID Unemployment Claims

Risk Management Monitor

In addition, unsuspecting victims are at risk of receiving surprise tax bills because cybercriminals stole their identities and filed fraudulent claims for COVID-19 unemployment payments. The Federal Trade Commission warns that unemployment fraud puts workers at additional risk of identity theft crimes including tax fraud.

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