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Still, it’s been the same way for 10 years. People are what get breached, not systems for the most part for businesses. Especially small to mid size businesses. It’s the people that are breached through some type of process, be it phising...
You’re gonna have to take into account your revenue and expenses and you’re gonna have to boil that down to one simple number. You’re gonna have to say, ok, if my business is down for X number of days, what does that cost to me as a...
Just to clarify – social engineering, sometimes it’s called funds transfer fraud. In layman’s terms, wire fraud is used often to describe it. I call it the 21st century con. It’s a 21st century digital con. It’s when som...
So business interruption indemnifies your firm for loss of income caused by a cyberattack – that shuts down your network, software applications or hardware. And it will also pay for extra expenses, which are additional costs you might incur whi...
Reputation is so important. In fact, we sometimes find that the financial loss due to the reputational damage can be greater than the direct costs associated with a breach. There’s a reason why cyber attacks are believed to be highly under repo...
It’s a good question. You know, these days it is important because we’re outsourcing a lot more of our technology, our business processes than we’ve ever done before. We’re a lot more dependent on our suppliers and service pro...
Have you ever gotten a craving for ice cream? Loaded up the family and driven to the vanilla store? Of course not, because why would you go to a shop that just has one flavor when you can go to one that has 31? Believe it or not, this is the case wit...
Liability insurance is the only type of car insurance required by law. And for good reason, liability coverage pays for the damage you do when you collide with another automobile. While situations will vary between people of different means. A smart ...
Cyber Insurance Pitfalls in Wire Transfer Fraud Coverage Wire transfer fraud is on the rise and has become a grave concern for businesses involved in large transactions. Firms that serve as fiduciaries for their investor’s money, such as investment...
What are the key factors to consider when buying a house in New York? First, realize that New York is located in what we insurance geeks call a “Hard Market.” This means rates are ever increasing, insurance company underwriting guidelines are ver...