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 Crime Cyber 75

ProWriters

JANUARY 23, 2024

Globally, only the manufacturing sector sees more cyber attacks than the financial industry does. The New York Department of Financial Services (NYDFS) established cyber security requirements for financial services companies in 2017. Since then, the cyber security landscape has changed. The newest changes went into effect Nov.

Cyber 52

Cyber Broker-Agent Risk Protection 52

Protect Commercial Insurance

MAY 30, 2024

As a business owner, it is crucial to protect your empire from various risks and threats that can potentially disrupt your operations and financial stability. In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Triple-I: Business Insurance

APRIL 4, 2024

Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. The 2023 Data Breach Report from Identity Theft Resource Center (ITRC) reveals that last year delivered a bumper crop of cybersecurity failures – 3,205 publicly reported data compromises, impacting an estimated 353,027,892 individuals.

Financial Loss 52

Financial Loss Cyber Crime Risk 52

Cowbell

DECEMBER 20, 2024

At the highest level, it is a comprehensive security solution designed to address physical and cyber threats against executives, VIPs and other high-value individuals. Executives are twelve times more likely to be targeted in a cyber-attack, sixty-nine percent of executives report a dramatic increase in physical threats.

Protection 52

Protection Cyber Risk Theft 52

Jackson & Jackson

NOVEMBER 16, 2024

Running an IT business in California comes with unique risks and challenges. Cyber Liability Insurance Cyberattacks are on the rise, especially for IT businesses handling sensitive client data. General Liability Insurance Even in a digital world, physical risks exist. One oversight could lead to costly lawsuits.

Insurance Policy 52

Insurance Policy Policy General Liability Workers Compensation Insurance 52

ProWriters

JULY 25, 2024

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.

Protection 53

Protection Cyber Damage Broker 53

Protect Commercial Insurance

MAY 24, 2024

As a business owner, it’s crucial to protect your business from potential risks and liabilities. Additionally, general liability insurance typically does not cover claims related to professional services or cyber incidents. Don’t let overlooked insurance policies be the weak link in your business’s defence strategy.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Protect Commercial Insurance

NOVEMBER 22, 2024

The cost of commercial insurance is generally based on several factors, such as the type and size of your business, its location, and the specific risks involved. Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit. Small businesses face their own unique set of risks.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Liability 52

Protect Commercial Insurance

JUNE 27, 2024

Every business, no matter its size or industry, faces unique risks that require specific coverage solutions. Regardless of size, all businesses face potential risks that can threaten their operations and financial stability. This is far from the truth. However, the reality is starkly different.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Business Interruption 52

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 Insurer Insured Insurance 40

Protect Commercial Insurance

OCTOBER 25, 2024

This approach ensures that you choose a policy that doesn’t just tick boxes but genuinely covers your specific risks and requirements. What are the specific risks associated with your industry? Every industry comes with its own set of risks. Once you’ve outlined the risks, the next step is determining how much coverage you need.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Cowbell

AUGUST 6, 2024

But, it’s not just small businesses that are at risk: given how effective social engineering methods are, individuals across businesses of all industries and sizes need to be aware of the latest social engineering tactics and how to effectively identify and thwart them. So, how do you prevent and protect yourself from these attacks?

Financial Loss 52

Financial Loss Cyber Theft Risk 52

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

Protect Commercial Insurance

NOVEMBER 15, 2024

Designed to protect your business from unforeseen risks, commercial insurance can offer the peace of mind you need to focus on what truly matters—growing your business and serving your clients. Another critical component of risk mitigation during uncertain times is investing in commercial insurance, which we will delve into next.

Commercial Insurance 52

Commercial Insurance Commercial Protection Business Interruption 52

Jackson & Jackson

MAY 22, 2024

However, with great opportunities come great risks. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. . It protects against perils like fire, explosions, storms, and other risks outlined in the policy.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurer 52

Hunton Andrews Kurth

MARCH 11, 2022

If adopted, the new rules would impose substantial new reporting obligations with respect to material cybersecurity incidents and cybersecurity risk management, strategy, and governance for both domestic and foreign private issuers subject to the reporting requirements under the Securities Exchange Act of 1934. Key Definitions.

Risk 106

Risk Policy Theft Cyber 106

ProWriters

JANUARY 9, 2024

Per the nonprofit Identity Theft Resource Center (ITRC), 2,116 data breaches had been reported nationwide this year through September. Substantial Risk of Future Injury Qualifies for Standing” In the past, many data breach lawsuits were dismissed due to the plaintiffs’ lack of standing. So far in 2023,” the ITRC stated, “344 U.S.

Cyber 52

Cyber Injury Theft Damage 52

Cowbell

DECEMBER 20, 2024

Employment fraud can be categorized into three primary types: Misrepresentation: (Low Risk) Employees or contractors lying on their resumes, fabricating reference contacts, and using remote desktop tools to periodically get help from unauthorized third parties (generally friends and family, not paid help).

Theft 52

Theft Risk Financial Loss Cyber 52