article thumbnail

Why Retail Cyber Security Must Include Cyber Insurance

ProWriters

Unfortunately for retail cyber security , one 21st-century, technological “spider” hasn’t heeded the Bard’s warning. dollars) after a cyber attack, allegedly carried out by hacker group Scattered Spider, caused disruption to its online services. It also resulted in the theft of consumers’ personal information. million in U.S.

article thumbnail

What Your Clients Must Know About Cyber Insurance War Exclusions

ProWriters

As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. Since Russia invaded Ukraine in 2022, a much-anticipated “cyber thunder run” hasn’t materialized.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How a Cyber Attack Could Show Up in Your Snail Mail

ProWriters

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.

article thumbnail

A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

This type of policy covers a wide array of potential hazards, including fire, theft, vandalism, and certain natural disasters. – Data Breach Insurance : Critical for technology-reliant businesses, protecting against cyber risks.

article thumbnail

The Ultimate Guide to Office Insurance: Protecting Your Business Assets

Protect Commercial Insurance

Whether it’s a fire, theft, or any other unforeseen circumstance, having the right coverage ensures your office is back up and running without a hitch. Property Damage and Theft The risk of property damage or theft is a significant concern for any business. Office insurance can help repair or replace damaged property.

article thumbnail

AI Is Turbocharging Organized Crime, EU Police Agency Warns

Insurance Journal

The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns. The grim warning came at the …

article thumbnail

Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

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. Cyber Liability Insurance to protect against data breaches and cyberattacks. This coverage is required in most states.