Posted on 3/27/2017 10:33 AM By Keith Savino
It is similar to a Chess Game, but different:
Each day, the small business owner is busy focusing on running his shop. He has customers to please, suppliers to deal with, product to promote and daily issues to address. He has little time each day to consider of all the ramifications of making sure that all his data is protected. He knows that it is important, but with all his responsibilities, he cannot give this aspect of his business, the attention it deserves.
The hacker, sits in front of the computer, focused on the task of stealing your data. That is his day, his purpose, his job and he is very good at it. He knows that the small business owner has many things to concentrate on. He understands “small business vulnerability” and he uses it to his advantage. He also knows that big business has teams dedicated to making sure that their data is secure and firewalls are strong, so he chooses to target the mom and pop shops.
One player is focused on the game, the other di ...
Posted on 10/24/2016 8:00 AM By Keith Savino
An article came across my desk last week, that immediately caught my attention. A recent story in CFO online magazine has given me the news I had been hoping for. Finally, I am seeing the results of everything I have been working for, recommending, advocating and advising my clients, for the last 10-years….
Love this statistic:
“A September survey by the Risk and Insurance Management Society found that 80% of the companies recently surveyed, purchased a stand-alone cyber-security policy in 2016.”
The takeaway: Policies covering exclusively cyber exposures are becoming the new normal for many large companies.
Yahoo! Mail, is one of the largest and latest data hacks that has grab headlines since Sept 22nd. More than 500 million users saw their passwords, phone numbers and other information accessed in an ongoing data breach. This continuous cavalcade of data breaches, ransom-ware, cyber extortions, theft of trade secrets and theft of intellectual property, has affected major corporation ...
Posted on 7/18/2016 5:00 AM By Keith Savino
I find it fascinating …
I have been immersed in the insurance industry for close to 30 years now. I serve on industry boards, I speak at conferences and my clients consist of businessmen from Fortune 500 companies to the Mom and Pop shop down from our Corporate Headquarters. I have sat with entrepreneurs that are just beginning in the world of small business, to executives who have 40 years in their chosen industry. They often inquire as to my opinion on insurance for their company and I am happy to give them advice and recommendations.
But it is simply fascinating to me that often when I mention Cyber-Security Insurance, businessmen that I am speaking to, often look at me with confusion, unsureness and complete doubt. It seems to me, that many business people, I talk to, are under the false impression that:
*We are too large to have any security issues – Our company has invested into the most sophisticated firewalls and blocking mechanisms currently available for our information system ...