Cyber Insurance
8 Main Types of Insurance to Have in 2022
Being fully insured is an important step in adulthood but there are so many expert opinions about what type to get, when to get it, and how much to cover. Car insurance, cyber insurance, home insurance, it's overwhelming, to say the least! The key to feeling confident in your insurance coverage is to customize it to your exact situation. Taking [...]
Cripe’s sake: A dangerously cheesy cyber-attack in Wisconsin
By now, you have likely heard about the most recent first-world problem causing widespread havoc to bagel shops and holiday bakers throughout the United States… the cream cheese shortage! Various supply-chain challenges affect the industry, including being proactively targeted by cybercriminals. Still, a recent cyber-crime caused the cholesterol levels in the cream cheese supply to skyrocket to unhealthy levels. People [...]
Podcast: Insurance For Cyber Attacks
We will discuss an issue that perhaps you haven’t thought of insuring – protecting your business against cyber attacks. > Check out the "Buzzing with Bryson" podcast With over 20 years of experience in the insurance profession, Guida Leyland balances being highly knowledgeable with a spryness that drives her to continue learning and growing. Cybercrime will cost the global economy [...]
Protect Your Assets from Cyber Risks
“Data is the new oil of the world.” Businesses are storing their intellectual property, proprietary, and confidential information in digital format and the personal and sensitive personal data of their employees and clients. The question is, are they taking enough measures to secure the data and their liabilities and risks associated with it? As reported in the 2019 Scalar Security [...]
Cyber Risk Hell Fire: Don’t Let Your Business Go Down in Flames
Cyber risk is a growing threat for businesses. Cybercrime has spiked during the pandemic. The frequency of cyber-attacks and the severity of damage to cyber victims have escalated drastically. We have experienced a 150% increase in ransomware attacks (source: Group-IB report) and a 300% increase in ransom payments (source: Ransomware Taskforce). In part, this perfect storm is caused [...]
Risk management for Accountants: protecting facilities and property from damage
Risk management is a prudent practice for all types of businesses. As time goes on, it is essential to re-examine your company’s landscape and compare it with current business practices. It is even more critical for accountants who have access to various sensitive, personal and corporate financial data to conduct a routine risk management check-in. The three biggest liability risks [...]
How Parents Can Help Prevent Cyberbullying
With teens spending as much as nine hours a day online, it’s not surprising to learn that bullying has shifted to the Internet. As common as cyberbullying is, it is rarely reported. More than 50% of all teens have been bullied at least once. More than 25% have experienced bullying on multiple occasions. More than 50% of teens who are [...]
Risk management insight for accounting firms: data security
Accounting is a highly regarded and respected profession. Being a professional Accountant comes with a responsibility to protect data, provide relevant advice, and be accurate in execution. Beyond this, many Accountants who also operate their firm are tasked with ensuring regular business operation. These operations include maintaining their office and equipment, managing the firm’s reputation, being up-to-date on employee practice [...]
Insurance risks of selling online
Has your business started selling products or services online? Resilience, adaptability, and perseverance are three words we would use to describe how business leaders and entrepreneurs have handled these unprecedented times. To survive and thrive in this current state, embracing digital transformation has become critical for many businesses. By pivoting their business delivery channels, many have discovered an opportunity to [...]
Cyber Risk for Boards and Management Teams
We have all read cyber risk statistics: 60% of businesses are out of business within 6 months of falling victim to a cyber attack 43% of attacks involve SMEs (Verizon) Beyond being such a drain on resources, the average cost of a cyber breach is approximately $5.9 million (IBM/Ponemon) Meanwhile, the cybersecurity gap remains significant leaving many organizations (of all sizes) [...]