Categories
After learning through recent news reports that more than 50 million Facebook users unknowingly had personal data from online profiles shared with a data mining firm, consumers are scrambling to review personal information shared on their own social media accounts. This developing scandal will likely prompt organizations of all sizes to reinvestigate their privacy policies…
On May 25, 2018, the General Data Protection Regulation (GDPR) will go into effect to protect identifiable data on European Union (EU) citizens in ways that the Data Protection Act of 1998 could not have foreseen. GDPR goes beyond just the EU, applying to all organizations across the world that collect personal information on an…
Technology firms are beginning to silently carry the small business sector as 62 percent of small businesses already have, or are in the process of building, a mobile application to support their business. Of those businesses, 30 percent have revenue generating mobile applications or apps.1 With approximately two-thirds of the country’s small businesses depending on…
145.5 million U.S. consumers were affected – nearly half of the population – after a data breach at Equifax in September.1 With the sudden, dramatic rise of data breaches across the globe, cybersecurity is at the forefront of insurance industry discussions. Nearly all companies today operate with an online component and even the greatest levels of…
As cyber espionage and data breach threats escalate, new coverage strategies emerge to protect professionals from cyber vulnerabilities When Yahoo announced a data breach in which at least 500 million accounts were compromised, it was big news, but hardly an isolated incident. That same week, hackers went public first with a picture allegedly of First…
In the world of cyber insurance, last year’s policy was designed for last year’s threats. But with new, more sophisticated threats emerging all the time, it is imperative to review and reevaluate your clients’ policies on a regular basis. Are your clients among those living dangerously? To minimize potential financial damages address these gaps in coverage with…
Cyber security is a topic that is discussed often times too late. Many business owners do not realize that one of the biggest security threats they have is right in front of them—their employees. When thinking about security, business owners need to look inward, not outward for their first line of defense. 1. Authentication management…
(Click to image to enlarge) Insurance Market Source examined Santa’s unique risk exposures and determined even Saint Nick can find the insurance coverage he needs by working with the right partner.
Three cyber-attacks occur every minute, equating to approximately 1.5 million attacks annually and growing.1 With this, the need for Cyber and Privacy insurance coverage has been steadily increasing. “Every company that holds or processes some sort of personal information has a cyber exposure,” said Ken Labelle, Professional and Executive Liability Broker, Burns & Wilcox Brokerage….
3 insurance risks and insights associated with the fastest growing app in history Pokémon GO is the fastest downloaded mobile app of all time, and everyone is talking about it. Hitting number one on the app downloads chart in five hours, Pokémon GO now has more than 23 million people playing daily.1 Although more individuals…
Receive the latest industry news from Insurance Market Source
