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...
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...
Reprinted from Claims Journal - By Noor Zainab Hussain | July 22, 2024 Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, July 19, insurance industry experts said. A software update by global cybersecurity firm...
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...
Employees are widely considered top targets during cyberattacks, making them your organization’s first line of defense. In fact, a joint study conducted by Stanford University and cloud email security company, Tessian, found that the vast majority (88%) of data breach incidents stem from employee mistakes....
