Cyber Insurance Blog

Rapid innovation, disruptive technologies, and progressively demanding consumers have increased the risks of errors and omissions (E&O) exposures for tech companies. Unfortunately, tech E&O claims can have a substantial impact on businesses. Apart from the hefty settlement and legal costs, these claims can cause operational disruptions and reputational damage. Technology E&O Insurance protects tech organizations from these risks. This guide…

In today’s technology-driven business landscape, cyber attacks are a constant threat. High-profile cases, such as the 2017 Equifax data breach, frequent ransomware attacks, intellectual property theft, and other cyber crimes, continue to make headlines, costing businesses trillions of dollars in fines, recovery costs, and lost revenues. As a result, organizations are turning to Cyber Insurance to mitigate threats and protect…

As data breaches, ransomware attacks, and other cyber security threats continue to make headlines, businesses increasingly recognize the importance of Cyber Insurance in managing risks. As a result, many organizations have begun to develop cyber security controls to meet carrier Cyber Insurance requirements and secure strong coverage. However, the adoption of these controls remains sluggish, failing to keep pace with…

When ransomware attacks hit government agencies, or data breaches cost multinational corporations millions of dollars, people might wrongly conclude only large organizations need Cyber Liability Insurance. But Cyber Insurance for small businesses is critically important, too. As of late 2019, 43% of cyber attacks targeted small businesses. That percentage all but certainly rose with the onset of the COVID-19 pandemic…

Do you remember the playground game Monkey in the Middle? What if the “monkey” had a way to grab the ball without anyone realizing it? Essentially, adversary-in-the-middle (AiTM) attacks are phishing scams that allow cyber criminals to do just that. But the intercepted “ball” is access to online accounts that can lead to costly data breaches and business email compromise…

Cyber crime, which includes ransomware, social engineering, and data theft, has increased 300% post-pandemic. Cyber attacks have struck businesses of all sizes and sectors this year, causing millions of dollars in damages. To reduce attacks, enterprises must harden their security systems and invest in comprehensive cyber security strategies. Here’s a quick look at some of the top cyber liability claim…