Cyber Insurance Blog

Any business that collects and stores data is vulnerable to cyber attacks and data breaches. Unfortunately, being the victim of a data breach can have serious consequences for businesses, including lawsuits for a data breach, which often result in significant financial losses. In 2022, the average cost of a data breach reached a new high of $4.35 million. These emerging…

Today’s cyber threat landscape is treacherous. No business or organization, of any size, can safely ignore cyber security risks and controls. We at ProWriters want to help you educate your clients about cyber threats they face and preventative controls they can use to manage their risk. One Dozen Cyber Security Controls Your Clients Can Use Here are 12 cyber security…

If you work remotely, you’re probably no stranger to VPN—the virtual private network you use to protect your internet connection and privacy, and which allows you secure access to the company’s server. But while VPNs are used for security, you might be surprised to learn that they aren’t always secure. Many industries have had to play security catch-up since COVID…

Table of Contents Common Social Engineering Attacks The Path From Social Engineering to Ransomware: The MGM Resort Case Preventive Measures and Best Practices ProWriters Protects Your Clients Against Ransomware and Social Engineering Attacks Sophos recently revealed that in 2023, the average cost for companies recovering from a ransomware attack hit a staggering $1.82 million. Meanwhile, Cybersecurity Ventures predicts that by…

As technology and the internet evolved in the late 1990s, technology-related risks also expanded. More and more organizations were conducting their business online, so internet hackers began to look for ways to benefit financially from this new online world. The first cyber insurance policies were written to mitigate these emerging risks, focusing on online content or software. This marked the…

The emergence of the COVID-19 pandemic has pushed many organizations to adjust to work-from-home or hybrid work arrangements with employees. This change in the work environment has created new vulnerabilities in their digital infrastructure that cybercriminals can exploit. Furthermore, the interconnected structure of modern enterprises has also made it easier for cyber criminals to steal personal or financial information or…