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SMBs, especially retailers, face real cyber risks
In the wake of last year’s massive Target breach, public awareness of data breaches has increased. More people are realizing that a cyber incident can be costly, difficult to repair, and might even directly affect their own personal information. Estimates are that up...
Merchants face unique risks from PCI contracts, breaches
Businesses accepting debit and credit cards as a method of payment have an exposure to cyber attacks during the financial transaction process. The Target breach last year has been highly publicized because of its magnitude, obscuring the fact that cyber criminals are...
Data Breaches in Small to Medium Sized Businesses (SMBs)
For SMBs, best IT security practices are important, but the final mile of good risk management is buying cyber liability insurance. The insurance market is soft right now, so buying coverage is a no-brainer. Most SMBs are not dealing with the bare basics of loss...
Overcoming objections to cyber insurance, Part 1 – “It won’t happen to us”
Most agents and brokers have had some opportunity to sell or speak to clients and prospects about Network Security and Privacy Coverage (Cyber). After over a decade of selling cyber coverage, a pattern of obstacles to the sale and the typical order in which they...
BYOD usage and geo-fencing in the workplace
The growing popularity of bring-your-own-device (BYOD) usage in the workplace is a headache for the IT department. One security measure being implemented by some companies is “geo-fencing,” which limits sensitive data that can be accessed if the device is a certain...
INSUREtrust announces new insurance coverage for attorneys
INSUREtrust is pleased to announce a specialized cyber policy just for attorneys. The new coverage program, called SafeLaw, has a streamlined application of only seven questions. Law firms have all sorts of sensitive client information stored in their networks –...
Overcoming objections to cyber insurance, Part 3 – “Our data is secure”
For over a decade, cyber insurance has been on the market, and over that time, a predictable pattern of obstacles to the coverage’s sale has emerged. There is also a typical order in which the obstacles occur. In previous articles we said that a client might first...
Overcoming objections to cyber insurance, Part 2 – “We are already covered”
As we mentioned in Part 1 of this series, cyber coverage has been on the market now for over a decade, and a predictable pattern of obstacles to the sale, and the typical order in which they occur, have emerged. The first objection is, “A breach won’t happen to us.” ...
Guccifer hacker cracks celebrities’ accounts
Hacking attacks are not always motivated by money. Sometimes the cyber criminals behind data breaches can be more interested in the thrill of uncovering personal information of celebrities and the accompanying fame that such exploits bring. That seems to be the...
Boston University paychecks stolen, likely due to phishing
Ten employees of Boston University had their paychecks stolen after cyber criminals got access to their user names and passwords and changed the accounts connected with their direct deposits. Law enforcement officials believe the employees were victims of phishing....
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