Risk Management Monitor

JANUARY 27, 2022

As ransomware continues to spread and payment costs increase, cyber insurance rates have gone up exponentially. Armed with this data, companies can take steps to make it easier to access optimal cyber insurance coverage and better insurance pricing. One way to do this is through analytics.

Insurance 66

Insurance Insurance Cybersecurity Vulnerability 66

Reciprocity

NOVEMBER 5, 2021

Hence cyber insurance has become a lucrative product for insurance companies, and a must-have for businesses that want to offset the costs of attack-inflicted damage. What Is Cyber Insurance and Why Do You Need It? Cyber insurance costs can vary due to a number of factors. What You Need to Know About Cyber Insurance.

Insurance 52

Insurance Insurance Management Internet 52

Citrix

NOVEMBER 3, 2021

When I took the role of Insurance Vertical Lead at Citrix in January 2021, I had heard anecdotes about insurance being a traditional business with an approach to service delivery, including IT, that was a bit outdated.

Insurance 77

Insurance Insurance Security 77

Risk Management Monitor

OCTOBER 25, 2022

Inflation’s Impact on the Insurance Market. In light of current economic conditions, the directors and officers (D&O) insurance market is now facing several notable inflationary risks. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

Insurance 40

Insurance Insurance Risk Management Management 40

Behavior Group

SEPTEMBER 27, 2017

Cyber Insurance Data breaches have led enterprises to invest more in cybersecurity programs. But what about consumers, who often feel the effects of a security breach? Keith Moore, CEO (…), believes that consumers increasingly will take cybersecurity into their own hands and purchase cyber insurance policies.

Insurance 52

Insurance Insurance Cybersecurity Security 52

Scott R. Davis

APRIL 24, 2023

In cybersecurity that framework, or the “best practices”, is used for determining risk tolerance while securing systems, networks, software, devices, and data. After years of paying claims, insurers are looking to better protect themselves from claims which should then force businesses to improve their cybersecurity posture as well.

Cybersecurity 130

Cybersecurity Insurance Insurance Telecommunications 130

Security Industry Association

MAY 28, 2024

Several general exclusions would also apply to use for security purposes, highlighted below. Implications and Key Considerations for the Security Industry SB-205 does not become effective for nearly two years, in February 2026. Excluded from high-risk are antifraud and cybersecurity technologies, among others.

Security 59

Security Application Technology Government 59

Pure Storage

MAY 1, 2024

That alone can be a body blow to the budget of resource-strapped schools or school systems, especially if they don’t have cyber insurance. Given the rising costs and complexity of securing that coverage, many don’t.) It’s their insurance policy to help them realize a return on their investment. But that is false confidence.

Education 98

Education Backup Insurance Insurance 98

Security Industry Association

NOVEMBER 7, 2023

The Security Industry Association (SIA) has appointed Kenia Caballero to serve as its new industry affairs manager. Kenia Caballero comes to SIA with 15+ years of marketing and events experience in a variety of industries, including pharma, insurance, IT, security and life sciences. SILVER SPRING, Md. –

Security 59

Security Management Marketing Insurance 59

Solutions Review

DECEMBER 13, 2022

In this submission, Continuity Software CTO Doron Pinhas offers 2023 predictions for storage and backup security that you need to know. Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. Here’s a compilation of recent Storage & Backup Security headlines.

Backup 52

Backup Security Insurance Insurance 52

Security Industry Association

SEPTEMBER 7, 2023

David Anthony, president/owner, Intego Warranty New Security Industry Association (SIA) member Intego Warranty, Inc. brings over 50 years of experience in providing extended service plans (ESPs) to the security industry. What solutions/services does your business offer in the security industry? Tell us the story of your company.

Insurance 116

Insurance Insurance Security Authorization 116

Acronis

NOVEMBER 22, 2023

Whether your MSP is helping clients to qualify for cyber insurance or satisfy regulatory compliance, shoring up cyber protection in alignment with NIST Cybersecurity Framework is still a good idea.

Insurance 52

Insurance Insurance Cybersecurity Resilience 52

Pure Storage

JANUARY 5, 2024

Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount. In fact, enterprises with larger budgets for cyber insurance could be more lucrative targets for bad actors.

Insurance 98

Insurance Insurance Cybersecurity Mitigation 98

Solutions Review

JANUARY 19, 2024

In this article, we delve into the top five things we have – hopefully – finally learned about ransomware in 2023, shedding light on the evolving tactics employed by cybercriminals, the shifting dynamics in the cyber insurance industry, and the pressing need for a robust recovery strategy.

Insurance 72

Insurance Insurance Disaster Recovery Backup 72

Pure Storage

JANUARY 5, 2024

Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount. In fact, enterprises with larger budgets for cyber insurance could be more lucrative targets for bad actors.

Insurance 93

Insurance Insurance Cybersecurity Mitigation 93

Scott R. Davis

OCTOBER 12, 2023

According to the Federal Deposit Insurance Corporation and Davis, it all starts with cybersecurity. Secure your personal information. The best ways to avoid scammers are: Do not open emails from people you don’t know. Be careful with links and new website addresses. Stay informed on the latest cyber threats. Use strong passwords.

Insurance 130

Insurance Insurance Manufacturing Cybersecurity 130

Security Industry Association

AUGUST 4, 2022

One of SIA’s top advocacy priorities and an issue area that impacts nearly all of us to some degree is that of school safety and security. What is your background in the security industry, and how did you come to be involved in school security specifically?

Activation 98

Activation Security Architecture Mitigation 98

MHA Consulting

FEBRUARY 9, 2023

There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity. The Promise and Pitfalls of Insurance Insurance is the most frequently used and easiest method of risk transference.

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

Pure Storage

JANUARY 5, 2024

Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount. In fact, enterprises with larger budgets for cyber insurance could be more lucrative targets for bad actors.

Insurance 80

Insurance Insurance Cybersecurity Mitigation 80

Online Computers

NOVEMBER 15, 2022

If your business belongs to the health, finance, retail, or manufacturing industry, it needs to adhere to certain data security and privacy laws. Compliance with these regulations is not only required, but it also aids organizations like yours in achieving higher integrity and information systems security and availability.

Security 52

Security Healthcare Cybersecurity Retail 52

Pure Storage

APRIL 17, 2024

By integrating Pure Storage products with Fortinet FortiSOAR , security-related storage events can be brought to the attention of the security operations center (SOC). What we have been seeing in the industry is that once a site gets attacked, insurance companies send in investigators to determine the cause of the problem.

Healthcare 104

Healthcare Insurance Insurance Authorization 104

Pure Storage

SEPTEMBER 16, 2021

With any ransomware attack or security event, there’s going to be a before, a during, and an after. They will learn if you have cybersecurity insurance, where from, and how much it’s for. 5 Ways to Close Security Gaps Before an Attack. It’s not just enough to maintain security logs. Attackers launch a campaign.

Security 98

Security Vulnerability Malware Authentication 98

Online Computers

MARCH 14, 2024

Patient data, containing sensitive information ranging from medical histories to insurance details, has become a lucrative target for cybercriminals. Having strong security measures to protect patient data is crucial to avoiding the consequences of a data breach.

Healthcare 52

Healthcare Cybersecurity Malware Insurance 52

Security Industry Association

APRIL 7, 2022

The responsibility to balance security with a welcoming and therapeutic environment demands a unique approach that involves security leaders, the IT department and the C-suite. 3 Major Security Challenges in Health Care. Health care providers must balance the demand for privacy with ensuring high levels of security.

Hospitality 52

Hospitality Security Technology Alert 52

Risk Management Monitor

MAY 2, 2023

Recognizing a lifetime of outstanding service and achievement in the risk profession, the society’s top honor, the Harry and Dorothy Goodell Award, was presented to Joan Schmit, distinguished chair of risk management and insurance at the University of Wisconsin-Madison. but remains a leader with the RIMS Chicago Chapter.

Risk Management 97

Risk Management Management Insurance Insurance 97

Risk Management Monitor

SEPTEMBER 30, 2022

While it is too early for complete estimates, ratings agency DBRS Morningstar projected the insured losses may fall in the range of $300 million to $700 million. According to Patrick Douville, DBRS’s vice president of insurance, “ Fiona will likely be one of the largest catastrophic events in history for Atlantic Canada.”.

Insurance 75

Insurance Insurance Disaster Recovery Risk Management 75

Online Computers

JUNE 3, 2022

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) was created to protect sensitive health information from being disclosed without the patients’ consent. They can be imposed for a variety of reasons, including failure to comply with HIPAA’s rules on PHI privacy, security, and breach notification.

Healthcare 95

Healthcare Insurance Insurance Security 95

Online Computers

APRIL 27, 2022

This is because many modern security systems can be programmed to contact the nearest police department before alerting you. Fortunately, if you have a surveillance system installed, you’ll have video evidence that can help prove culpability, decrease liability, and/or assist with insurance claims. To reduce insurance premiums.

Insurance 59

Insurance Insurance Retail Alert 59

Disaster Safety

DECEMBER 23, 2021

Severe winter weather is a significant cause of insured catastrophic losses and is a risk for many businesses across the country, including portions of the typically warmer southern United States. Check that all flashing and seals are flush and secure. Secure loose shingles. Know what your insurance covers and what it doesn’t.

Insurance 129

Insurance Insurance Outage Alert 129

Security Industry Association

JANUARY 3, 2023

I’ve written before about the urgent need to update and develop airspace regulations for commercial drone technology , and I want to share further thoughts and ideas with the security industry and policy leaders, as I am frustrated with the speed of change on these matters. The time has come to make real changes and develop clear policies.

Security 52

Security Authorization Entertainment Technology 52

Risk Management Monitor

AUGUST 30, 2021

The storm marks another overactive hurricane season officially underway in the United States, prompting business leaders and property owners to ensure they are adequately prepared from an insurance and risk management perspective. Before doing so, reach out to your insurance broker who can help guide you through this process.

Risk Management 74

Risk Management Insurance Insurance Management 74

LAN Infotech

DECEMBER 1, 2021

In May, the Biden administration firmly recognized the importance of enhancing cybersecurity with an executive order designed to encourage a higher degree of security, not just for federal organizations, but for businesses across the nation. Cybersecurity insurance can help provide a vital layer of protection.

Cybersecurity 119

Cybersecurity Insurance Insurance Communications 119

Security Industry Association

MARCH 28, 2024

New Security Industry Association (SIA) member NSG Life Safety provides design, installation, integration, testing and monitoring services for critical life safety, security and communications systems. What solutions/services does your business offer in the security industry? Tell us the story of your company.

Manufacturing 59

Manufacturing Hospitality Marketing Education 59

Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.

Insurance 75

Insurance Insurance All-Hazards Hazard 75

Plan B Consulting

OCTOBER 23, 2023

However, in the past few years, due to the COVID-19 lockdowns, the decline of ISIS, and the dedicated efforts of security services, the threat seemed to have receded. In light of the possibility of attacks in Europe, I think it is advisable to review and update our travel security plans and responses.

Travel 52

Travel Insurance Insurance Pandemic 52

Pure Storage

MARCH 21, 2024

The multinational health insurance and services company has been knee-deep in this nightmare since its technology unit, Change Healthcare, was targeted by the BlackCat/ALPHV ransomware affiliate in late February. Investing in security also needs to become a higher priority for many healthcare businesses.

Healthcare 97

Healthcare Hospitality Architecture Cybersecurity 97

Disaster Safety

DECEMBER 21, 2021

Roof: Inspect roof and repair leaks before winter season Secure loose shingles. Gutters & Drainage: Inspect gutters and ensure they’re secured to the building. Check your insurance coverage and create an inventory . Know what your insurance covers and what it doesn’t.

Insurance 90

Insurance Insurance Outage Manufacturing 90