article thumbnail

Ransomware Attacks Leave Businesses Around the World Reeling

LAN Infotech

Insurance carrier. On the other hand, the insurance carrier will determine whether the safety of the coverage is applicable under the existing cyber insurance policy. Involving your insurer from the beginning is critical because the insurance company is the one that will approve the offer to pay ransom to the hacker.

article thumbnail

Identifying and Preventing Provider Fraud in Workers Comp Cases

Risk Management Monitor

In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums. Now, a lesser-known type is occurring with greater frequency: provider fraud.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Misgivings Cloud First-in-Nation Colorado AI Law: Implications and Considerations for the Security Industry

Security Industry Association

The rushed process in Colorado prompted opposition from dozens of Colorado businesses, technology groups and AI startups at the Senate Committee hearing on the measure, and opposition from national organizations like the Consumer Technology Association and the U.S.

article thumbnail

6 Signs Your Business Needs a vCIO

NexusTek

READ TIME: 4 MIN June 6, 2023 6 Signs Your Business Needs a vCIO In today’s business world, where technology and business strategy are inextricably linked, a Chief Information Officer (CIO) is an indispensable member of most large companies’ leadership teams. You think you might be paying too much for technology across multiple vendors.

article thumbnail

Adapt or Fail: Climate Change Resilience for Organizations  

everbridge

The current systems and solutions in place for managing climate hazards are often inadequate, and the reliance on traditional insurance has become insufficient. The Insufficiency of Traditional Insurance Organizations often rely on insurance providers to provide protection against the impacts of extreme weather events.

article thumbnail

Do Cyber Risks Lurk in Your Business Ecosystem?

NexusTek

Managing Cyber Risk in Your Business Ecosystem To effectively manage cyber risk in our digital world, you need to evaluate not only your own cybersecurity posture but third parties’ as well. Unfortunately, 51% of businesses report that they do not evaluate third-party cyber risk 2. link] Security. 2021, May 7).

article thumbnail

Understanding the Importance of Choosing the Right Managed Services for Your Digital Transformation

BMC

If your company is on a digital transformation journey with a specific focus on everything as a service (XaaS), then you should also be investing in managed services to maximize the value of your investment in new technology. Most importantly, it can provide valuable data insights for the organization.