One area where cyber liability insurance and protection has encountered conflict is at the state level concerning cyber breach laws. The regulations companies must comply with regarding the disclosure or security of consumer information are shifting from the federal government to the states. As a result, many states now have data privacy laws that require […]

Cyber risks are a serious concern for companies. However, some companies are avoiding the topic altogether, like an ostrich with its head in the sand. Despite this, cyber risk is more probable and severe than other types of risks, such as product liability, fire, or premises liability. Therefore, cyber risk is a significant issue that […]

Here’s a topic we’ve covered a few times in the past, but this is an interesting spin on it: cyber security for smart devices on your network. Most people are very careful about protecting their computers and cell phones from hacking, viruses, and cyber attacks. But it’s important to consider the other devices that are […]

As a business owner or manager, you know that cybersecurity is crucial for protecting your company’s assets and reputation. But did you know that your cybersecurity risks extend beyond your own networks to third-party suppliers and vendors? In today’s interconnected world, supply chain cyber risk is a real and growing threat to businesses of all […]

As an insurance company, it is crucial that you promptly pay valid claims and do not engage in games. Failure to do so can result in a snowball effect, causing a small claim to become much larger. This point is illustrated in this case, where an insurance claim for $500,000 initially started at $250,000. Due […]

Even government agencies are vulnerable to cyberattacks. For instance, in New York, a county’s real estate records or clerk’s office was attacked by a hacker who deleted files, and records and held them hostage. However, the cyberattack was traced back to a third-party records management vendor.  This is a common occurrence in cyberattacks – your […]

Nonprofit organizations face unique cyber risks, such as donor data breaches, that can threaten their financial stability and their reputation. As nonprofit organizations increasingly rely on technology to communicate with donors, manage donor data, and process donations, they become more vulnerable to cyberattacks. This blog will discuss how cyber insurance can help protect nonprofit organizations […]

In the world of business, there is one risk that is greater than any other: cyber risk. Despite being a relatively new type of threat, the potential damage caused by cyberattacks has been identified as the largest business risk that exists. This means that, if you are a business owner, the highest probability of suffering […]

As more small businesses conduct their operations online, they become increasingly vulnerable to cyberattacks. The cost of a data breach or cyberattack can be devastating for any business, but small businesses are particularly vulnerable due to limited resources and infrastructure. Cyber insurance for small businesses can provide much-needed protection and peace of mind in the […]

A data breach is when sensitive, confidential, or otherwise protected information is released to unauthorized parties. It can happen to any company and have severe consequences for the individuals whose personal information has been released. If your personal information has been compromised as a result of a data breach, it is crucial to take immediate […]