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Black Friday and Cyber Monday are synonymous with big sales, increased online shopping, and higher retail volumes—both in stores and online. So, why do Black Friday and Cyber Monday pose an increased risk for cyber threats? Ransomware : Attackers lock your company’s critical data and demand a ransom for its release.
As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. But these policies may not always offer the levels of protection purchasers think they do. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. It isn’t.
When you think about the constantly evolving nature of cyber attacks , you may think about threat actors using AI to find and exploit new vulnerabilities in software and networks. Yet one recent cyber threat takes advantage of peoples trust in the post office. Many people perceive physical mail as more trustworthy than cyber mail.
Within the next decade the cyber insurance market is projected to grow to over $120 billion according to a report by Fortune Business Insights. That means there’s a lot of opportunity for insurers who are looking to either grow their cyber business or expand into the cyber market. But with growth opportunities comes risk.
Protect Your Online Presence We are all on the internet these days and the need for cyberprotection is ever greater. Bogle Agency Insurance provides outstanding cyber insurance coverage with Chubb Masterpiece CyberProtection. People who want to steal your identity or your money are always at work.
Proactive steps, such as secure website hosting , can safeguard your online presence and protect your business from these evolving threats. Our hosting services include built-in security measures to protect your site from potential threats, ensuring that your data—and your clients’—remains safe.
From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters.
So, how do you determine which commercial insurance products will best protect your business? Beyond vehicle coverage, you may also need general liability insurance, which protects against third-party claims for injuries or property damage during business operations. We understand that every company has different needs.
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. Theft or vandalism: Restaurants can be common sites of burglary or vandalism, which can not only turn off customers but also lead to pricey repair bills.
In an era where data is as valuable as currency, the risk of cyber threats looms more significant than ever, particularly for technology companies. Cyber Insurance, encompassing Data Breach and Cyber Liability coverage, is no longer optional but a critical component of a comprehensive risk management strategy.
companies faced the risk of a significant cyber attack. Analysts project cyber crime to cost the U.S. For most companies, a cyber breach isn’t a question of if but when. As a Cyber Insurance broker, you can learn from their mistakes to help protect your clients. trillion by 2028.
According to the Identify Theft Resource Center , thats an almost 75% increase over the year before. And cyber-attacks arent just increasing in frequency. With the right tools in place, you can empower your client’s cyber experience. Theyre increasing in cost too. What should that look like? Wondering how?
Although executive protection is not a new concept, it is increasingly becoming one of the responsibilities associated with CISOs and their teams, who are expected to protect key employees from third-party threat actors. So what exactly does executive protection entail? Your leadership will thank you for it.
Cyber Monday is the appointed day when people frantically shop online for the best deals in time for the holidays. According to Adobe’s yearly shopping insights report, retailers reported a whopping $12 billion in overall revenue on Cyber Monday versus Black Friday’s $9.8 billion in 2023. billion in 2023.
Globally, only the manufacturing sector sees more cyber attacks than the financial industry does. The New York Department of Financial Services (NYDFS) established cyber security requirements for financial services companies in 2017. Since then, the cyber security landscape has changed. The newest changes went into effect Nov.
As a business owner, it’s crucial to protect your business from potential risks and liabilities. Additionally, general liability insurance typically does not cover claims related to professional services or cyber incidents.
A Business Owners Policy, commonly known asa BOP bundles essential protections like property, general liability, and liquor liability into one streamlined solution. This type of insurance is especially valuable for restaurants looking to simplify their coverage without sacrificing protection. What is a Business Owners Policy (BOP)?
This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence. This type of policy covers a wide array of potential hazards, including fire, theft, vandalism, and certain natural disasters.
Designed to protect your business from unforeseen risks, commercial insurance can offer the peace of mind you need to focus on what truly matters—growing your business and serving your clients. – Liability Insurance : Protects businesses against claims of negligence or harm caused by their products or services.
From data breaches to equipment breakdowns, IT businesses need tailored protection to stay secure and competitive in today’s fast-paced tech landscape. Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients.
Myth 3: You Don’t Need Cyber Insurance Unless You’re A Tech Company It might seem logical to assume that if you’re not operating within the tech industry, cyber threats are not a significant concern. Commercial insurance offers particularly critical protections here. However, the reality is starkly different.
It’s essential for business owners to separate fact from fiction to ensure they have the right protection. Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit. Some protect against property damage, while others focus more on liability issues.
Issues like cyberwarfare, intellectual property theft and disinformation are all exacerbated as these technologies advance. New technologies also have immense environmental impact, including the amount of power that cryptocurrencies require and the health risks of electronic waste.
Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? How much coverage do you need to fully protect your assets? – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism.
To help protect your business, heres an overview of employment fraud trends, key warning signs, and actionable steps to safeguard your hiring process. Identity Theft: Some fraudsters assume another individuals identity, using stolen personal information to bypass background checks.
The aftermath of a social engineering attack can be devastating and result in financial loss, data breaches, malware infections, identity theft, operational disruption, reputational damage, and more. So, how do you prevent and protect yourself from these attacks?
In a nod to its importance, the National Cyber Security Alliance even recently kicked off the first ever Identity Management Day. When evaluating an identity management strategy, it is imperative to start at a high level, which includes data access governance to limit access and meaningfully reduce the risk of loss or theft.
Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks.
As a business owner, it is crucial to protect your empire from various risks and threats that can potentially disrupt your operations and financial stability. In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more.
As federal and state officials scramble to send unemployment and stimulus funds to help people hit hard by COVID-19 business shutdowns, it has become a perfect storm for cyber fraud. The payments are an easy target for cybercriminals as hackers and cyber gangs around the world have started to file unemployment claims use stolen identities.
Per the nonprofit Identity Theft Resource Center (ITRC), 2,116 data breaches had been reported nationwide this year through September. More recently, courts have agreed the risk of future harm, such as identity theft or potential financial loss, constitutes standing to bring a lawsuit for a data breach.
In other lines of business, as inflation continues to rise and products become harder to get, we can expect to see increased crime activity, with higher value attributed to stolen goods due to shortages and inflation encouraging more employee theft. Key Action Steps for Risk Managers.
Cyber criminals know this, seeing vulnerable systems as easy targets. Thats why HIPAA cyber security isnt just a regulationits a necessity against ransomware, phishing scams, and data theft. A healthcare cyber attack can cripple operations, prevent patient care, and lead to massive financial and legal consequences.
During Data Privacy Day, we recognize an even greater opportunity to remind everyone of the evolving risk landscape and share safer practices that we can all implement to protect ourselves, our families, and our businesses online. The post Empowering Data Privacy: Best Practices for Data Privacy Day 2025 appeared first on Cowbell Cyber.
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