In the business landscape, the demand for cyber liability insurance is increasingly prevalent. Executives in large companies and small business owners alike are facing scenarios where this insurance is required—by executive boards, committees, contracts with third parties, or government agencies. Rising Budgets and Mandatory CoverageOrganizations are adapting to this requirement by allocating budgets for cyber […]

There’s a growing concern highlighted in the Wall Street Journal regarding cyber liability insurance and how it’s overlooked by corporate boards. This risk isn’t limited to Fortune 500 companies; even smaller entities with executive boards may be neglecting it. Tech Decisions and Board DisconnectIn many companies, executives making strategic decisions often lack technical backgrounds. While […]

Even though we’re recording this video in 2023, you’re probably watching it in 2024 or maybe even 2025. The urgency for cyber defense won’t spike for another year or two due to impending regulations, mandates, and disclosure requirements from government agencies. As these hit, this video serves as a guide to fulfilling governmental, contractual, and […]

According to Inc. magazine, cyber attacks pose a significant threat to businesses. Shockingly, 60% of small businesses collapse within six months of experiencing a cyber attack. This devastating statistic highlights the profound impact these attacks have on a company’s survival. Initial Chaos and Operational HaltsThe immediate aftermath of a cyberattack is chaotic. With all computers […]

It’s only a matter of time until any business is affected by a cyberattack or a hack. The consequences can be drastic, with 60% of companies going out of business after such an event. Even if the effects aren’t immediate, the domino effect of an attack can lead to eventual closure. The financial toll and […]

Cyber risk and liability stand as one of the most rapidly expanding threats to businesses today. A recent article highlighted the potential economic toll of a major cyber attack, estimating a staggering cost of 3.5 trillion dollars. Despite its enormity, cyber liability insurance isn’t as prevalent or quickly embraced as other forms of coverage. The […]

It’s getting really bad out there for cyberattacks and hacking. The most recent cybersecurity breach wiped out $2 billion in market capitalization. A company lost billions in share value due to a hack they failed to defend against. Many cyber insurance policies offer automatic defense and protection, yet this company fell victim to the breach. […]

The automotive dealership industry is experiencing a surge in cyber attacks, making it a prime target for hackers. Despite heightened awareness and efforts toward cybersecurity, data breaches plague 17% of dealerships, starkly contrasting with the 90% committed to strengthening their security measures. Vulnerable Data Troves: Dealerships as Prime TargetsCar dealerships store a plethora of sensitive […]

Cyber liability and cyber security are becoming pivotal factors for businesses of all sizes. Until a few years ago, these aspects weren’t significant concerns. However, today, they hold more weight than many other determinants of a business’s success. Reports indicate that a staggering 60% of businesses facing serious cyber attacks end up closing within two […]

So, what are the best practices for a business to take care of cybersecurity? Any company faces certain cybersecurity risks. If you’re watching this video recorded in November 2023, the awareness and significance of cybersecurity risks may not be apparent at this time, but as time progresses, likely in 2025 or 2026, these risks will […]