Posted on 5/4/2015 8:00 AM By Keith Savino
Of the many questions I receive when I travel for business or meet with customers, the following is the topic most clients wish to discuss. … “Are data breaches and cyber-security really an issue?” I have heard people remark that cyber-liability is simply another overblown news story, such as Y2K. I have heard it referred to as a “Chicken Little,” where insurance agencies and carriers are simply running around screaming that the cyber world is falling down.
I sometimes wish this were the case. I would feel much more secure and rest easier knowing that most customers private data and personal information was under lock and key and can never been accessed by the outside world. But every single day, another retailer, healthcare provider, bank, corporation and company report a comprised customer data system. And many do not report breaches at all, nor do many, even know, that their data has been breached.
Target, Sony, Ebay, Adobe, Living Social, Ubisof ...
Posted on 3/30/2015 8:00 AM By Keith Savino
Most consumers are savvy enough to understand the basics of how to protect your private information from cyber criminals. Secure websites, periodically changing your passwords, distinctive alpha numeric passwords are all aspects of safeguarding your information. But with each improvement made to keep our private information “private,” cyber criminals are looking to attack us and get the details they desire, via other means.
Posted on 2/3/2015 2:43 PM By Keith Savino
Privacy is not for the passive. — Jeffrey Rosen.
If you Google the term “Cyber Liability” you will receive 1,060,000 results in less than a second. Millions of websites, news, videos and even political cartoons and comics, show businessman swimming in a sea of terminology and double-talk.
It is not just the “everyman” that is searching for clarity. From corporate C.E.O.’s to Main Street Business owners all are digesting misinformation and seeking someone who helps them … simply understand. And then provide the answers.
We are here for you …
What is Cyber Liability Insurance? This type of policy deals with risks associated with the capturing and keeping of customer information. (Specifically e-business and commerce, the Internet, networks, informational assets.)
What does Cyber Liability Insurance do? It covers and protects you against vulnerability and exposures arising out of Internet and Point ...
Posted on 8/21/2014 9:48 AM By Keith Savino
Sometimes it is good to quickly talk about a topic. So here are a few short and sweet thoughts to get your mental juices flowing.
How many people think that Cyber liability is just about something Cyber.. like computers. ? Cyber Liability is probably not the best way to "Title" the type of coverages that could be available. For example your "Data" could be paper files. Not what you though about cyber right ?
Critical infrastructure, Personal Info, your Reputation, Regulatory responsibilities (state and federal rules) are all considerations when trying to understand what you are trying to protect, or have some money for claims, defense costs and regulatory fines, should you be involved.
Some questions to ask yourself:
1. Do I have customers ? If Yes, well that means you need to look into managing your risk
2. Do I work with or engage with any one of the critical infrastructures as defined by the US Govt ? If Yes, you need to research.
3. Do I really know what cybe ...