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Why Cyber Insurance for Small Business Matters

ProWriters

When ransomware attacks hit government agencies or data breaches cost multinational corporations millions of dollars, people may wrongly conclude only large organizations need Cyber Liability Insurance. Cyber Insurance for small businesses is critically important, too. Small-business cyber security often goes neglected.

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The Ultimate Guide to Office Insurance: Protecting Your Business Assets

Protect Commercial Insurance

Consider the following factors to ensure you’re getting the coverage that fits you like a glove: – Location: Is your office situated in a flood-prone area, or perhaps an area with a high crime rate? This could be extra protection for expensive items, coverage for cyber incidents, or even business interruption insurance.

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How Does BEC Lead to Payment Fraud? And What Can Businesses Do About it?

Cowbell

Real-World Impact Financial Losses : The FBI’s 2023 Internet Crime Report noted $2.9 billion in global BEC losses, with businesses losing millions per incident due to unrecoverable transfers. appeared first on Cowbell Cyber. For as little as $1.38 The post How Does BEC Lead to Payment Fraud?

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Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

Over-serving of alcohol: Restaurants can face legal and financial fallout if the alleged over-serving of a patron leads to property damage or a car accident. Cyber attacks: Digital systems like payment terminals and booking systems are convenient, but they also open restaurants up to the possibility of expensive data breaches.

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The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

Triple-I: Business Insurance

Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. billion in losses, with investment scams making up $4.57 Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders.

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A Behind-the-Scenes Look at Data Breach Forensics

ProWriters

Sure, you’ll need to assess the compromised data and financial losses, but to truly understand the breach and protect against future risks, data breach forensics is essential. Let’s break down the steps involved in a data breach forensic investigation and see how the experts pull back the curtain on cyber crime.

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Cyber Insurance for Contractors: What It Covers & Why They Need It

ProWriters

Contractors in the construction industry are not immune to cyber attacks. Ransomware attacks, phishing scams, and other types of cyber attacks can result in data breaches and other incidents that cause financial loss, reputational harm, and legal consequences. Cyber Insurance for contractors is an essential safety net.