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[…]
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.
As a leader within your organization, you want to trust your employees and the people you do business with. However, the sad reality is that no organization is immune to the threat of crime and fraud. In fact, the Association of Certified Fraud Examiners estimates that organizations around the world lose approximately 5 percent of[…]
According to a recent report, 88 percent of employees lack the understanding necessary to prevent common cyber incidents. That report is based on the results of a survey given to more than 1,000 employees across the Unites States, and was designed to test the level of knowledge and awareness of cyber security among employees by[…]
According to a recent report from Experian, a global information services group, businesses can expect to see an increase in the number and severity of cyber attacks in 2017. The report also predicts that a large number of politically-motivated cyber attacks near the end of 2016 will escalate into a larger cyber attack conflict, and[…]
A complete cyber liability policy should contain most of these key coverages. They may have different names or terms depending on the carrier. Some coverages may be combined or have different limits. Read and understand your policy. 1. Errors and Omissions aka Professional Liability: E&O covers claims arising from errors in the performance of your[…]
According to the Ponemon Institute’s 2015 Survey on Data Security Breaches, the majority of data breaches are not the result of a hacker or a virus, but are instead caused by employees. Non-malicious employee error (39%) was the number one culprit, followed closely by malicious employee activities (30%). Of the 163 companies surveyed, 75 percent[…]