Tags: Cyber Risk

What You Need to Know About Cyber Security

What You Need to Know About Cyber Security

Data breaches have nearly doubled in the last two years and according to the Electronic Privacy Information Center, 73% of all US companies have been breached. With our dependence on computers and other electronic devices in the business world, we need more than ever to focus on protecting our digital resources. Do you know what you need to know about cyber security to keep your business safe? Learning about cyber attacks and how to prevent them can help you protect your company from security breaches. Cyber Attacks Compromise Your Company... Read More

What You Need to Know About Data Breaches

What You Need to Know About Data Breaches

Virtually every company in business today is at risk of a data breach. If you handle any kind of sensitive customer information, have intellectual property, or use computers, your company is potentially a target for cyber criminals. Whether you’re a mom-and-pop shop or one of the Fortune 500, you need to read this and learn what you need to know about data breaches, to protect your company and your customers. Many small business owners mistakenly believe they are too small to attract the attention of cyber crooks, but according to... Read More

Why You Need Cyber Liability Insurance

Why You Need Cyber Liability Insurance

One of the biggest stories of the 2013 holiday shopping season had nothing to do with the hottest toys or the increased reliance on online shopping: Hackers infiltrated Target’s point-of-sale system in December and gained access to the credit and debit card information of 40 million customers and the personal information of 70 million more. Fortunately, the Minnesota-based chain had over $100 million of cyber liability insurance, according to sources.   As technology becomes increasingly important for successful business operations, the value of a strong cyber liability insurance policy will... Read More

How to Prepare for Your Cyber Liability Insurance Policy

How to Prepare for Your Cyber Liability Insurance Policy

Do you have cyber liability insurance for your business? If you use computers and mobile devices in your business, especially if you store critical company information or personal identifying information or financial information about clients and employees, you need cyber liability coverage. Every insurance policy starts with an application, and cyber liability insurance is no different. While the underwriting process in long-established insurance lines is streamlined, this is not the case for cyber liability insurance. Currently, application forms for cyber insurance are not standard and can be complex—often consisting of... Read More

How to Protect Your Personal Financial Information

How to Protect Your Personal Financial Information

Is your personal financial information secure? This is a question on many consumer’s minds these days in light of the recent report of a security breach at Equifax, one of the nation’s largest credit-reporting agencies, that may have affected nearly 150 million people. Not only does this breach leave credit reporting information exposed to hackers and criminals, but it also has exposed personal financial information of millions of Americans, leaving them vulnerable to identity theft. So, what do you need to do to protect your credit AND protect your personal... Read More

How to Protect Your Business from Ransomware

How to Protect Your Business from Ransomware

Computer hacking—and especially ransomware—has become a hot topic in the business world. And with good reason. The damage caused by global ransomware is predicted to exceed $5 billion in 2017, according to researcher Cybersecurity Ventures. Up from $325 million in 2015, the costs represent not just the amount of the ransom, but also the costs of downtime and lost productivity. Ransomware is any type of malicious software that infects a computer and either prevents it from working as it should or prevents access to certain files until the user pays... Read More

How to Protect Your Network from the WannaCry Ransomware Virus

How to Protect Your Network from WannaCry Ransomware

This week’s news headlines are full of warnings about the WannaCry Ransomware. This Ransomware virus has spread through more than 150 countries and to more than 300,000 people since the end of last week. It’s affected everything from home users to large corporations, small businesses and even caused hospitals in the UK to have to turn away patients and reschedule surgeries. Security experts are working furiously to stop the spread of the virus, track down those responsible and help businesses restore their data. Nobody knows who is behind the attack,... Read More

7 Ways to Avoid Becoming a Cyber Crime Victim

7 Ways to Avoid Becoming a Cyber Crime Victim

Is your business safe from cyber crime? While no business is immune, there are steps you can take to reduce your risk. What are you doing to avoid becoming a cyber crime victim? When we think of cyber crime, including computer hacking and data breaches, we most often think of large corporations, the businesses we hear about on the evening news. But businesses of all types and sizes are at risk, and cyber criminals are increasingly targeting smaller businesses in the hopes that they do not employ the same security... Read More

How to Stop Identity Thieves from Spoiling Your Holiday

How to Stop Identity Thieves from Spoiling Your Holiday

Are you an online shopper? Did you know that online Cyber Monday sales generated more revenue than in-store Black Friday sales this year? Chances are, you’ve contributed to those numbers—or will at some point this holiday season. But one of the biggest hazards of online shopping is identity theft and credit card fraud. Here are some simple things you can do to stop identity thieves and avoid falling victim to an online data breach or scammer while you’re taking care of your holiday shopping.   Shop Only at Reputable Websites... Read More

10 Ways to Prevent Cyber Attacks

10 ways to prevent cyber attacks

High-profile cyber attacks on companies such as Target and Sears have raised awareness of the growing threat of cyber crime. Recent surveys conducted by the Small Business Authority, and several leading cyber security companies suggest that many small business owners are still operating under a false sense of cyber security. There are many things you can do to prevent cyber attacks in your business and businesses of every size need to be protected. The statistics of these studies are grim; the vast majority of U.S. small businesses lack a formal Internet... Read More