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Cyber Insurance Evolves To Focus On Business Interruption

As ransomware and other cyber attacks increasingly hobble victim company’s ability to operate in the wake of an attack, more cyber insurance policies are including business interruption coverage. When these policies first hit the market, they were mostly focused on covering the costs of notifying individuals whose personal data or credit card information may have

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New Cyber Attacks Can Sneak Ransomware onto Your Network

As businesses have gotten wise to malicious e-mails that try to trick their employees into clicking on unfamiliar links in e-mails, cyber criminals have devised a new way to con people into opening up their networks — a method called “BazarCall.”  Ransomware is a type of malicious software (malware) that blocks a user from accessing

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Top 10 Reasons You Need a Cyber Insurance Policy

With reports of cyber criminals increasingly focusing on smaller companies for targeted attacks, now more than ever businesses that store sensitive data need to consider how they protect their information systems.   And while you can install firewalls and take other precautionary measures, should an attack occur, you will be left facing untold costs and possible

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The Cost of a Ransomware Goes Beyond the Ransom Paid

One of the fastest growing cyber threats to businesses is ransomware, which hackers use to shut down an organization’s computer system until the victim pays a ransom to unlock it. While most organizations focus on the cost of the ransom, which can easily run into the tens of thousands of dollars, the costlier damage is

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Cyber Attacks, Number One Risk for Businesses: Survey

A new survey has found that cyber risks have become the number one concern among businesses, replacing the COVID-19 pandemic and business interruption as the top risks in 2022. The second-most cited risk was business interruption and supply chain disruptions, followed by natural catastrophes, according to the “Allianz Risk Barometer 2022.” The rankings follow a

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