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In Cyber Risk Insurance

Colonial Pipeline Cyberattack Magnifies Threat Against American Businesses

By Casey Kolb

Should big and small businesses be alarmed by the Russian ransomware cyberattack that shut down Colonial Pipeline? Absolutely. We now know for certain that every American computer network, big or small, is at risk. Colonial Pipeline, an American oil pipeline system that originates in Houston, Texas, and carries fuel oil mainly...

May 14, 2021

In Cyber Risk Insurance

U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands – Should You Listen?

By Casey Kolb

Washington, D.C. government has long advocated against paying ransoms to any individual or group, for any reason. Despite this position, ransoms have been paid, particularly in the area of cyber ransomware – a virus that lands on your server and holds your entire network hostage, till you pay the ransom. Click...

October 8, 2020

In Cyber Risk Insurance

Protect Your Company: COVID-19, Work-From-Home and the Risks of Data Leakage

By Sam Eknoian

Our world is dramatically different now. COVID-19 has us all on high alert, guarding the health and safety of ourselves, our families, friends and co-workers, as we change our behaviors to try to survive and move past this awful pandemic. For many professionals, learning to work almost entirely at home is a...

May 4, 2020

In Cyber Risk Insurance

New U.S. Cybersecurity Report: Most American Businesses Are Unprepared

By Casey Kolb

Are you prepared if a cyber attack occurred at your business? Are you prepared to pay the ransom if your cybersecurity was compromised? A new government report on cybersecurity warns that America is truly under prepared for cyber attacks and calls for the creation of a federally-funded center to develop cybersecurity...

March 18, 2020

In Cyber Risk Insurance

Cyber Insurance Rates Increasing as Ransomware Claim Costs Have Increased

By Casey Kolb

Cyber insurance rates are ramping up and could increase by as much as 25% this year due to a surge of costly claims caused by hackers and the malicious ransomware programs they use to take down big and small systems that control everything from hospital billing to manufacturing. “Ransomware” is the...

February 5, 2020

In Cyber Risk Insurance

Restaurants & Bars: Serving Up the Latest Cyber Risk Target

By Sam Eknoian

Over the past quarter-century, restaurants and bars have adopted technology that has turned them into streamlined, completely digital operations that probably couldn’t put out a single meal if the server went down. Nearly every restaurant and bar in the U.S. depends on technology to some extent. Menus may be accessed on...

July 26, 2019