HIPAA Cybersecurity Requirements: The HIPAA Security Rule Following the aftermath of cyber incidents like Change Healthcare’s recent cyberattack, it’s become undeniable that the healthcare industry’s cybersecurity practices need to be taken more seriously. The Health Insurance Portability and Accountability Act (HIPAA) Security Rule aims to do just that, playing an important role in safeguarding electronic […]
Read MoreThink of your very best small business clients. They’ve been going strong for years. They keep their budgets as trim as they can, but they don’t skimp on your cybersecurity services. They’ve signed up for your best antivirus software offering and best firewalls. They may even have a well-qualified IT staff member on the inside […]
Read MoreAny organization that aims to build robust cybersecurity understands that cyber insurance or cyber liability insurance is an essential component of any information security program. But recently, insurance claims have become increasingly complex and a policy is not a guarantee that when calamity strikes, the insurance companies will pay. An adequate understanding of cyber insurance […]
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Every business today stores, manages and exchanges sensitive information that must be protected from cybercriminals lurking in the digital landscape. That makes it imperative for them to implement an information assurance (IA) strategy to reduce sensitive information’s exposure to risks and the impact of a given risk in accordance with internal security policies and any […]
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Cyber liability claims are being denied because policyholders can’t prove they’ve met the terms of their policies by making ongoing efforts to minimize threats. To ensure payouts, companies need compliance management and reporting that meet their cyber insurance policy terms. That’s why it’s critical to make sure you’ve dotted your “i”s and crossed your “t”s […]
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Cyber insurance continues to be a hot topic…and a hot commodity. According to a recent article in The Harvard Business Review, “The severity of financial consequences has been profound. Ransoms have rocketed from five-figure price tags into the millions, including $10 million reportedly paid by Garmin. Several ransom demands were far higher before being negotiated […]
Read More Cyber Liability Insurance is a great asset and offers you and your clients security if a breach occurs…if you and your client have done the homework and vigilantly recorded the work that’s been done, there’s a far greater chance the insurance provider will pay. Make sure you work with customers by following these basic instructions: Educate […]
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After an incredibly damaging and costly run of high-profile cybercrime, many businesses may be relieved to learn they can purchase some protection in the form of Cyber Risk Insurance. With so many companies having their data held hostage, who wouldn’t be a little scared that they might be next? But like every product category that […]
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Companies are rightfully fearful of cyberattacks. Breaches, malware, bots, viruses and ransomware make regular appearances in the headlines and cost companies millions of dollars while damaging reputations and shaking consumer confidence. Billions of accounts have been compromised in recent years, and the costs keep adding up. Companies lose customers and revenue with every attack. Each […]
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