The cloud is a great piece of technology that can save storage space and technology funds. Working on the cloud can allow your company to be more efficient and cost-effective. But what are the threats to cloud storage for businesses? …Read More
Tag Archives: cyber liability
10 Frequently Asked Questions about Cyber Liability Insurance
Companies in the financial industry are increasingly vulnerable to the menace of cybercrime. Cyber criminals are smart, and even businesses that take preventive measures can still find themselves vulnerable to a determined hacker. Learn all you need to know about …Read More
Cyber Awareness
With October being Cyber Security Awareness Month, the preparedness and response strategies for such attacks are a hot topic. Many initiatives are underway to educate and raise awareness, including a survey from Advisen and The Hartford which shed light on …Read More
What Every Business Should Know About Social Engineering Threats
When it comes to data security, most people tend to consider it mainly in terms of technology solutions. Firewalls, strong passwords and encryption are important, of course, but they can all be circumvented by social engineering. What is social engineering? …Read More
What is the Difference Between First-Party and Third-Party Cyber Liability Insurance?
To help you understand the difference, let’s start with an analogy. In this example, a person is injured at an airport by a steel support beam that falls on his leg. First-Party Coverage would be the airport’s cost to have …Read More
FINRA Report on Cybersecurity Practices Calls Out Need for Cyber Insurance
The Financial Industry Regulatory Authority (FINRA) has issued a Report on Cybersecurity Practices. The detailed 46-page report examines the particular cybersecurity risks for broker-dealers and makes recommendations of best practices for governance, risk management, risk assessment, technical controls, incident response planning, …Read More
Cyber Liability for Attorneys
These days, every time you turn on the news you hear about another major data breach that has exposed sensitive personal information about a company’s customers. The big story right now is the health insurance company Anthem, but it’s only …Read More
7 Reasons Your Business Needs Cyber Liability Insurance
Chances are, your business uses technology to work and store information electronically. Assuming that’s the case, it means your company faces a number of risks associated with loss or theft of that data, which can happen in numerous ways. Here …Read More
Frequently Asked Questions About Cyber Liability Insurance
Because it is a relatively new type of insurance coverage, many people have misconceptions about cyber liability insurance policies. Some businesses assume that data breaches are covered under their standard E&O policies, but this is often not the case. Here are some of …Read More