There is a major disconnect, on a number of levels, between information security officers ready to purchase cyber liability coverage and the insurance brokers and underwriters eager to meet that demand.Read More
Owners of small and midsize businesses routinely take into account the risk of a fire burning down the building, or a customer or employee getting hurt on company property.
But what about exposure to botnets, data thieves, cyber scammers, hacktivists and disgruntled insiders?
Data is the new currency, and because SMBs now routinely collect, store and access sensitive and valuable data across...Read More
By Roger Yu
Most company senior executives and board members have no clue how to gauge the full scope of financial trauma engendered by a major network breach.
How does one calculate the value of lost trust of customers who take their patronage elsewhere after a well-publicized cyber attack, for instance?
Lost future sales generally are not accounted for in calculating cyber attack costs. A lack of planning for such variables potentially could cost companies...Read More
How bad has the ransomware problem become? The state auditor of Ohio held a news conference because local government agencies keep falling for ransomware attacks. And a firm that tracks domain activity found a 3,500 percent increase in ransomware-related domain name registrations in the past quarter. Hackers love to cut and paste, so imitation is the surest sign that something is working.
Recall the high-profile, alarming...Read More
Data breaches at large corporations like Sony, Target and Home Depot make headlines. But small businesses are just as vulnerable.
Register now for this free webinar to learn how small businesses have become ideal targets for cyber criminals in search of financial information, consumer data, and intellectual property.... Read More
By Todd Weller
Cyber attackers don’t discriminate based on company size. They focus on the value of the data they can steal. This means that most small and midsize businesses face much the same cyber exposures as large enterprises.
But due to cash flow and manpower constraints, SMBs face greater challenges when it comes to securing their networks. Unfortunately, attackers aren’t sympathetic...Read More
It was not very long ago that information shared with your doctor was sacrosanct, at the same remove from exposure as utterances made under the protection of an attorney-client relationship or pillow talk in a spousal bed. That may no longer be the case — and the fallout could be life-threatening.
Unless you are living in a log cabin on Loon Lake and are off the grid, doubtless you have heard about the mega-breaches responsible for this paradigm shift....Read More
By Edward M. Stroz
The year 2015 was one in which cyber criminals continued to innovate and expand their activities. As 2016 commences, look for insider threats to take center stage, and for leading companies to respond proactively. Meanwhile, cybersecurity and privacy issues will continue to reverberate globally. Here are a few predictions for the coming year:
By Evan Schuman
The case of two JP Morgan Chase personal bankers allegedly stealing $400,000 from 15 bank patrons—some of whom were dead—illustrates the profound fraud risks posed by a company’s own employees.
When this can happen to Chase, a company that reported $23 billion in revenue last year and employed some 265,000 people, consider how exposed a small community bank or credit union...Read More