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Tag Archives: cyber
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?
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
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
Cyber thieves can assume fake identities, like couriers, to spy for computer passwords or personal data they can use to access a company’s data or an employee’s bank account or credit information.
The consequences of data breaches for U.S. health care organizations suffering a privacy breach, as defined by Health Insurance Portability and Accountability Act (HIPAA), rose considerably in January 2013 when the HITECH Act became law. Today, fines for a single incident—once capped at $50,000—could go as high as $1.5 million for health care organizations and their business associates or contractors for cases of “willful neglect.”