Cyber Insurance Blog

Modern organizations use customer data to enhance their services and deliver customized experiences. While this data-driven approach to doing business offers numerous advantages to consumers, it also raises risks regarding violations of privacy and data breaches. As a result, businesses must adopt stringent cyber security measures and ensure compliance with ever-changing privacy rules. This guide explores violations of privacy and…

There are many scenarios that can cause business interruption, including fires, disasters, theft, cyberattacks, or the loss of a critical supplier. No matter the cause, it takes time and money to undo the damage associated with these scenarios. And, when a business can’t operate normally, the cost of lost revenue and bills starts to pile up. Business interruption is a…

While cyber-related crime was already on the rise in 2019, the recent cyber attacks of 2020 have proven to be even more severe than anticipated. As the COVID-19 pandemic continues to keep us connected digitally more than ever before, cyber criminals are taking advantage, with the number of breaches increasing by 273% in the first quarter of 2020 alone. The…

Trying to Understand the New FTC Guidelines? We Can Help! The United States Federal Trade Commission (FTC) has released security guidelines on purchasing cyber insurance for small businesses. However, many small business owners aren’t properly informed and may be asking: What are FTC guidelines? How do they affect small business owners? Here, we’ll break down the FTC Security Guidelines (in…

Both technology errors and omissions insurance and cyber liability insurance address cyber risk. But they do so from different perspectives. ProWriters is here to help you understand how these policies work so you can ensure your clients get the most from each, avoiding critical coverage gaps. https://prowritersins.wistia.com/medias/pnx4ie771d Why Your Tech Company Clients Need Tech E&O Coverage Now Technology errors and…

Corporate data backup is essential for protecting the future of a business. If the only backup is on a single computer and it gets hacked or stolen, that data is gone. Losing data can set a company back years and even lead to business failure. A good backup strategy ensures that data is completely secure and possible to recover within…