Data is crucial for modern business operations, so a solid data backup and recovery plan is essential. A data backup plan involves creating and storing data copies, while a data recovery plan focuses on restoring lost data to minimize downtime. These plans offer benefits such...
The construction industry is continuously moving toward digitization, adopting advanced technology such as artificial intelligence, the Internet of Things (IoT) and Building Information Modeling software. These innovations help to automate tasks, reduce waste and improve efficiency, productivity and safety. However, this shift also brings significant...
CHECKLIST FOR CYBER INSURANCE Also known as cyber liability insurance, cyber coverage can help organizations pay for a range of expenses that may result from cyber incidents—including (but not limited to) data breaches, ransomware attacks and phishing scams. When seeking this form of coverage, it’s important for...
Business insurance is essential for keeping a company financially resilient should disaster strike. While most employers know that they should purchase basic forms of insurance, such as a commercial general liability policy, they often overlook other important types of coverage that provide valuable financial protection and...
In today’s evolving risk landscape, organizations of all sizes and sectors face a wide range of cyberthreats. Amid advancing attack techniques and growing hacker sophistication, cyber events can arise from various avenues and cause considerable damage, often resulting in prolonged operational disruptions and associated losses....
In recent years, a growing number of organizations have implemented stronger cybersecurity measures, including multifactor authentication (MFA). This method requires a user to present two or more unique credentials, such as a password and an additional security code, to verify their identity and log into...
Heightened claim frequency and severity have created a volatile cyber insurance market in recent years, with most policyholders facing ongoing premium increases. Fortunately, the segment experienced underwriting profitability in 2022, allowing conditions to soften in 2023. Yet, many insureds are still experiencing coverage restrictions, underwriting...
Authors: Bruce Wilson and Scott Franzen The first cybersecurity policy was written in 1997. Then, about 10 years ago, the policies started gaining in popularity and became standard coverage in any risk transfer program. You don’t need to do too much research to find out why...
On Saturday, March 30, 2024, telecommunications giant AT&T released a statement saying current and former customer data was exposed on the dark web.AT&T account numbers, Social Security numbers, email addresses, names, phone numbers and birth dates may all have been among the compromised data.“Based on...