This New Year Resolve to Review Your Insurance

| posted in Blog, Newsletter

While you may have made some good New Year’s resolutions, to make sure that you are not leaving anything to chance you should also revisit your insurance policies. You may have acquired new property, upgraded your home or bought new stuff for your house and, considering the increasing risks of natural catastrophes, you may now have more risk than you’re aware of. By taking a little time, you can ensure you’re adequately protected and that you won’t have any unpleasant surprises if you have to file an insurance claim. We recommend you do the following: Talk to us Call us…
Read More

Ward off Phishing Attacks by Training up Your Staff

| posted in Blog

Cyber attacks are on the rise, and “phishing” – the practice of tricking insiders into answering e-mails, clicking links or otherwise exposing company networks to criminal intruders – is a leading tactic. Modern encryption can thwart many hackers, so crooks are focusing on the weakest link in the chain – people themselves. A recent study from the Anti-Phishing Working Group logged more than 1.2 million phishing attacks in 2016, an increase of 56% from the previous year. Furthermore, an analysis of known attacks from PhishMe, a company that helps employers guard themselves against e-mail-related frauds, estimates that nine out of…
Read More

Protecting Yourself after the Equifax Data Breach

| posted in Blog

At the end of July, data thieves successfully penetrated computer systems at Equifax, one of the three major credit bureaus, and potentially stole personal credit information on as many as 143 million U.S. customers. Compromised data includes Social Security numbers, birth dates, addresses and driver’s license numbers. The thieves are also believed to have stolen credit card numbers on roughly 209,000 Americans, and some charge-dispute data, including personally identifying documents on about 182,000 U.S. residents. They may have stolen information on consumers in Canada and the U.K., as well. This data breach, which may affect as many as two out…
Read More

What Keeps Business Owners up at Night?

| posted in Newsletter

Business owners have a lot of risks on their minds these days. Complying with regulations, holding on to their best workers, the constant threat of computer hackers, increasingly unpredictable weather – all of these have businesses worried. According to the “2016 Travelers Risk Index” from the Travelers Companies, fewer business leaders saw the world as riskier than they did the year before. However, they expressed concern about the following factors: Medical/employee benefit cost inflation. The rising cost of medical care is the top concern for all businesses. This worry is rational: Government data shows that medical costs rose by nearly…
Read More

The Hidden Construction Industry Threat: Cyber Risk

| posted in Blog

Running a construction firm, you are certainly aware of the number of risks that you face every day from worker safety and protecting the worksite to contractual obligations. But, as your back office relies more on technology to keep your business going, there is an emerging risk for the construction industry that you need to stay on top of: the cyber intrusion threat. New machinery increasingly is computerized and wired, and most design, engineering and construction firms are using some form of cloud computing. As you know, by using multi-user platforms, contractors, designers and project owners can use and share…
Read More

Ransom Often the Smallest Cost of Ransomware

| posted in Blog

One of the least understood 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 is typically less than $1,000, the costlier damage is to the company’s operations, which can be hampered or completely shut down after their systems are rendered unusable. Ransomware is one of the fastest-growing cyber threats and attacks are expected to grow 300% in 2016 from the year prior, making it vital for your organization to have in place systems…
Read More

Hackers Can Tap USB Devices in New Attacks, Researchers Warn

| posted in Blog

New research says that USB devices like thumb drives, and even keyboards and mice, pose one of the biggest cyber threats to enterprises. Two scientists and researchers with Berlin’s SR Labs presented on the newest cyber threat at the recent “Black Hat” hacking conference in Las Vegas in a presentation titled: “Bad USB – On Accessories that Turn Evil.” Malicious code can creep into these devices through malware on a computer and be used to hack both personal and business computers, according to SR Labs. Karsten Nohl, chief scientist at the German company, said that hackers or malware can load…
Read More

Exclusions: What Your Cyber Policy Does Not Cover

| posted in Blog

As the threat of hacking and cyber attacks on the databases of all organizations grows, so has the uptake of cyber insurance policies. But when buying a policy and anticipating a claim, it’s important to know exactly what’s covered. All insurance policies have exclusions for what’s not covered but, since cyber insurance is new to most companies, you may not know what isn’t covered by them. This article will look at the most common exclusions of these policies, which –because they are still in their infancy – will vary from insurer to insurer. But for the most part, these are…
Read More