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From product liability to cyber threats, learn how specialized protection, proactive loss control, and an experienced insurance partner can help safeguard your electrical manufacturing business. The post 7 Policies Electrical Manufacturers Need To Protect Their Business appeared first on Central Insurance Blog.
DUAL Europe announced the launch of DUAL Cyber Active Protect, a new product that combines comprehensive cyber insurance with proactive cyber prevention services. It also has launched a new entity DUAL Cyber Prevention and Response (DUAL CPR) which …
Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both an opportunity and a responsibility …
A new report from Marsh McLennan and Zurich titled “Closing the cyber risk protection gap” is calling for a closer collaboration between the insurance industry and the public sector as cyber insurance coverage gaps remain. “Both the insurance industry and …
agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card company’s massive global-payments system. Mastercard Inc. The purchase from private equity firm Insight Partners will expand Mastercard’s ability to use artificial intelligence …
A cyberattack continues to affect the largest regulated water and wastewater utility company in the United States, renewing a focus on the importance of protecting critical infrastructure sites. New Jersey-based American Water paused billing to customers as it announced the …
Companies and government agencies around the world are moving to restrict their employees’ access to the tools recently released by the Chinese artificial-intelligence startup DeepSeek, according to the cybersecurity firms hired to help protect their systems. “Hundreds” of companies, particularly …
Marsh, the insurance brokerage business of Marsh McLennan, announced the launch of CyberShore Bermuda, an exclusive, excess cyber insurance facility that provides Marsh clients with enhanced protection and a streamlined client experience. CyberShore Bermuda provides up to $30 million in …
The history of insurance dates back as far as 2000 BCE, when merchants and traders developed basic risk-sharing agreements to protect against financial losses from unpredictable events. At its most basic, insurance as a concept was merely a financial safety …
Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both an opportunity and a responsibility …
Black Friday and Cyber Monday are synonymous with big sales, increased online shopping, and higher retail volumes—both in stores and online. So, why do Black Friday and Cyber Monday pose an increased risk for cyber threats? Ransomware : Attackers lock your company’s critical data and demand a ransom for its release.
Israeli cybersecurity firms raised $4 billion in 2024, more than double that of 2023, led by firms seeking to protect the cloud along with a surge in artificial intelligence, global venture capital firm YL Ventures said on Tuesday. Cybersecurity has …
Discover how E&O insurance complements cyber liability coverage to protect businesses from professional risks, data breaches, and unexpected challenges. The post Does Errors & Omissions (E&O) Insurance Cover Cyber? appeared first on Central Insurance Blog.
Coalition today announced the creation of its reinsurance intermediary, Coalition Re, to provide capacity for cyber reinsurance treaties and expand on its mission to protect more unprotected businesses. Coalition Re provides capacity for non-proportional cyber reinsurance treaties, as well as …
In todays rapidly evolving digital landscape, the construction industry faces increasing exposure to cyber risks. Data breaches, ransomware attacks, and phishing scams have become common threats, highlighting the importance of cyber insurance with resolution services for construction companies.
In todays rapidly evolving digital landscape, the construction industry faces increasing exposure to cyber risks. Data breaches, ransomware attacks, and phishing scams have become common threats, highlighting the importance of cyber insurance with resolution services for construction companies.
As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. But these policies may not always offer the levels of protection purchasers think they do. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. It isn’t.
Cyber attacks loom larger than ever, and generative artificial intelligence (AI) is a major reason why. At the same time, AI makes improved risk assessment and protection against cyber threats possible. For both of these reasons, artificial intelligence is reshaping cyber security strategiesincluding Cyber Liability policies.
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.
When you think about the constantly evolving nature of cyber attacks , you may think about threat actors using AI to find and exploit new vulnerabilities in software and networks. Yet one recent cyber threat takes advantage of peoples trust in the post office. Many people perceive physical mail as more trustworthy than cyber mail.
As cyber threats become more advanceddriven by AI innovations and intensified by geopolitical tensionsorganizations of all sizes must rethink how they protect themselves. The Motivation Behind CRS Why Go Beyond Traditional Cyber Insurance? Reduces the human-error factor by cultivating cyber-aware behavior from day one.
Within the next decade the cyber insurance market is projected to grow to over $120 billion according to a report by Fortune Business Insights. That means there’s a lot of opportunity for insurers who are looking to either grow their cyber business or expand into the cyber market. But with growth opportunities comes risk.
Cyber threats continue to challenge individuals, countries, and companies in today’s digitally interconnected world. Have your business clients assessed their cyber risk recently and obtained adequate Cyber Liability Insurance? And some of these conflicts pose cyber security threats.
Protect Your Online Presence We are all on the internet these days and the need for cyberprotection is ever greater. Bogle Agency Insurance provides outstanding cyber insurance coverage with Chubb Masterpiece CyberProtection. People who want to steal your identity or your money are always at work.
Healthcare cyber attacks and data breaches have risen in recent years, according to The HIPAA Journal. The attack not only froze large portions of the Change Healthcare system but also led to exposure of the protected health information (PHI) of potentially one in three Amercians. Several major breaches have made headlines.
As a Cyber Insurance broker, you need to help your business clients understand the dangers ransomware poses, how to defend against them, and why Cyber Insurance is an indispensable part of any sound security strategy. UnitedHealth, which owns Change Healthcare, paid a $22 million ransom in Bitcoin to the cyber criminals.
Protecting your business from cyber threats is a full-time job. Cyber resiliency is not easily attainable and cannot be achieved with a single tool, such as endpoint detection. Q3: I have cyber insurance. A3: Cyber insurance is an essential safety net , but it doesnt prevent breaches. Why do I need this?
Proactive steps, such as secure website hosting , can safeguard your online presence and protect your business from these evolving threats. Our hosting services include built-in security measures to protect your site from potential threats, ensuring that your data—and your clients’—remains safe.
’s system last year stole months of their agents’ call and text logs, setting off a race within the bureau to protect the identities of confidential informants, a … FBI leaders have warned that they believe hackers who broke into AT&T Inc.’s
In-house counsel have the sobering responsibility of protecting their organizations from evolving cybersecurity and data privacy threats at a time when there is a dramatic increase in the sophistication of attack vectors and regulatory obligations. Another growing privacy challenge pertains to the internal workforce.
Over the past quarter, Cowbell has accelerated innovation, broadened coverage, and deepened its global footprintall while ensuring businesses large and small remain protected from evolving digital threats. Our unparalleled broker network and data-driven approach forged in the cyber arena, now power this foray into new coverage lines.
Originally launched to raise awareness about personal data protection, World Backup Day has taken on broader relevance today as cyber threats become more sophisticated. Backups should happen regularly, automatically, and should be stored in more than one placeideally with one version protected from cyberattacks or system failures.
23andMe will pay $30 million and provide three years of security monitoring to settle a lawsuit accusing the genetics testing company of failing to protect the privacy of 6.9 million customers whose personal information was exposed in a data breach …
agreed to pay $13 million to settle an investigation by the US Federal Communications Commission into whether the telecommunications company failed to protect customer data that was stolen when a cloud vendor was hacked last year. AT&T Inc. The unnamed …
Meta notified Ireland’s Data Protection Commission at the … The lead European Union data privacy regulator for Meta fined the social media giant 251 million euros ($263.5 million) on Tuesday for a 2018 Facebook security breach that affected 29 million users.
To help businesses better defend themselves, we recently introduced Cowbell Resiliency Services (CRS) , a suite of services designed to protect organizations from the accelerating threat landscape. Enable Two-Factor Authentication (2FA): Add an extra layer of protection to your accounts by enabling two-factor authentication when possible.
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 …
12], giving the servers and IT systems that underpin the country’s communications extra protection from cyberattacks. Britain’s data centers will be classified “critical national infrastructure,” the government said on Thursday [Sept. Britain said the move would reassure companies building data …
Securities and Exchange Commission (SEC) roll out new SEC cyber disclosure rules that are shaking up the corporate world. But lets not sugarcoat itthese regulations come with a fair share of headaches for businesses already grappling with a Wild West of cyber security threats. What Are the SEC Cyber Disclosure Rules?
High-profile incidents in healthcare, automobile retail, and even the cyber security industry itself cast a harsh spotlight on how vulnerable dependencies and connections between businesses are in today’s economy. Doing so can help assess their risk management strategies and the adequacy of their Cyber Insurance coverage. It lost $1.1
Securities and Exchange Commission (SEC) roll out new SEC cyber disclosure rules that are shaking up the corporate world. But lets not sugarcoat itthese regulations come with a fair share of headaches for businesses already grappling with a Wild West of cyber security threats. What Are the SEC Cyber Disclosure Rules?
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.
From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters.
And cyber-attacks arent just increasing in frequency. With the right tools in place, you can empower your client’s cyber experience. Impactful Cyber Education The first step to augmenting your clients cyber experience comes with education. Theyre increasing in cost too. What should that look like? Wondering how?
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