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Category Archives: Cyber Risk
The holiday season has passed and many retailers have experienced a bounty of increased sales. Unfortunately, this is also a time where retailers become the most vulnerable and at risk for losses suffered at the hands of cyber criminals.
In fact, according to the Chubb Cyber Index, which includes more than two decades of claims data, there is typically a 35% increase in the number of cyber claims across all types and sizes of retail businesses during the holiday season. Continue reading
Should a cyber incident occur during a high traffic period, such as the holiday season, it could wreak havoc on a business’s bottom line or even put them out of business completely – not to mention the impact of how an organization responds on their reputation with their customers and employees.
So what can a retailer do to help mitigate this risk?
A Cheetos-themed restaurant. A St. Ives skin care product mixing bar. A Metallica gear shop. Pop-up stores have come a long way.
If you’re looking to move from online to a physical location, generate more buzz for your brand, or create an immersive customer experience, you’re likely considering a pop-up shop.
When it comes to protecting their computer networks against hackers, companies have lots of software and hardware tools to help safeguard personal and proprietary data. But many times, employees may be the most tempting targets for criminals using social media as a tool to help them defraud companies.
With data breaches increasing in frequency, severity and complexity, government contractors at the federal and state levels are being asked to assume higher levels of liability as contracts are awarded or renewed.
In speaking with small to medium size business (SMB) owners about network security or privacy events, such as a cyber breach, I’ve discovered there’s some misunderstanding about their risk and how their current insurance program will respond to this type of loss. Often they believe that their general liability policy will protect them or that they’ve got coverage under their media liability or directors and officers liability policies. They are potentially both wrong and right. Continue reading
When speaking with small to medium size business (SMB) owners about network security or privacy events, such as a cyber breach, there’s some misunderstanding about their risk and how their current insurance program will respond to this type of loss. Often they believe that their general liability policy will protect them or that they’ve got coverage under their media liability or directors and officers liability policies. They are potentially both wrong and right. Continue reading
Corporate directors and officers who don’t take an active interest in cyber security may find themselves the next target – not of hackers – but of shareholder lawsuits. Two derivative lawsuits were filed last year by shareholders naming directors and officers of large consumer-facing companies after cyber attacks that exposed massive amounts of personal information. The lawsuits, asserting breach of fiduciary duty and other claims, sought to hold the boards responsible for the damage caused by cyber attacks. Continue reading
Today’s attorneys may still scribble notes on yellow pads, but most own and conduct business using smartphones, tablets or laptops. With these new technologies have come new risks for law firms. Continue reading
That new phone sitting on your desk may look innocent enough, but the fact that it’s connected to a network leaves your company vulnerable to hackers unless you take active steps to lock it down.
Companies of all sizes are increasingly being affected by toll fraud that takes advantage of the network capabilities of digital phone systems. Continue reading