With every cyber attack, it becomes increasingly clear that no one is safe from data breaches or cyber extortion. Whether you are an employer that stores proprietary data or an individual with financial and personal information at risk, hackers won’t rest until they have what’s yours. And their tactics continue to evolve. Cyber criminals have[…]
If a security breach affects your organization, your main focus may be to solve the problem as quickly as you can, not point the finger in blame. But your customers want to know why it happened and who was responsible, even if the breach occurred because of their own lax security measures (e.g., sharing passwords[…]
Directors and officers (D&O) insurance can be confusing. Policies often contain a variety of terms that can be difficult to understand, especially for someone without an insurance background. Understanding what’s in your D&O policy is critical, particularly during the underwriting or renewal process. Prior to meeting with your broker, it’s important for policyholders to review[…]
About This Guide Directors and officers liability (D&O) insurance is a critical component of almost every organization’s risk management program. In today’s business climate, D&O insurance is no longer a necessity for just large, publicly traded companies. All organizations—regardless of their size, mission or structure—have some form of D&O exposure. Yet, despite the fact that[…]
Insight for business owners and risk managers provided by INSURICA A data breach can be a devastating event, affecting a company financially and damaging its reputation with customers. But as a director or officer at your company, you face litigation risks based on the decisions you make following a breach and on how you influence[…]
Benefits of D&O Insurance for Private Companies With today’s emphasis on corporate transparency and accountability, an organization’s directors and offices face a countless number of exposures. Regardless of your company’s size or mission, the legal costs associated with a lawsuit can be crippling for both the organization and your directors and officers. Many wrongly assume[…]
Reasons Why You’ll Benefit from Business Interruption Insurance Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures.[…]
Because of the convenience they offer, mobile devices and tablets have become a ubiquitous presence in the modern business world. As usage soars, it becomes increasingly important to take steps to protect your company from mobile threats, both new and old. The need for proper phone security is no different from the need for a[…]
Join Jim Roskopf of INSURICA as he briefly explains the importance of a cyber liability policy and just how more “common place” attacks like WannaCry 2.0 may be becoming.
The FBI has released a Public Service Announcement regarding the continuing growth of Business Email Compromise (BEC). There are is a good deal of useful information in this PSA as well as some remarkable statistics regarding the monetary impact of business email compromise crimes. The FBI defines BEC as a sophisticated scam targeting businesses working[…]