CybersecurityInsurance Archives - The Reschini Group

Tag: CybersecurityInsurance

Time Is Money: Results from Latest ‘Cost of a Data Breach’ Report

A data breach creates all sorts of havoc, including significant financial costs. That’s hardly new information. But what those costs actually total does make news, as captured in the 2020 “Cost of a Data Breach” report, compiled by the Ponemon…

The Reschini Blog: Slow Hackers Down with MFA

When a skilled hacker has the means, the motive, and the opportunity to break into your cyber system and wreak havoc, not much can stop or slow that person down. With one exception – multi-factor authentication, or MFA. The only…

Testing Cyber Security Systems

Cybercrime is set to cost companies more than $6 trillion per year by 2021. That’s trillion, with a T. Nobody wants to be in that pile. That’s why testing your systems for cyber security makes a lot of sense. Three…

Back to Basics: Top Five Ways to Avoid a Cyber Attack

Hackers and digital saboteurs are here to stay. But that doesn’t mean surrendering to their threats and actions. Sometimes the best ways are the tried and true ones, and that is generally true when it comes to cybersecurity, as well.…

Making Sure: When Is Third-Party Cyber Insurance Needed?

It’s a natural impulse, especially perhaps when it comes to purchasing insurance coverage. And even more especially when the insurance coverage is for something as intimidating as cyber security – a vague, nondescript, fuzzy and murky world that many people…

Staying Safe: Five Tips to Greater Cybersecurity

Cybersecurity practices remain a key focus for both the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC). An article* in Forbes magazine summarizes five best practices cited by these organizations to mitigate the risk of…

It CAN Happen To You: Cybersecurity Claims Impacting All Levels of Business

The market for cybersecurity coverage remains competitive, and more business owners have decided to invest in insurance policies to protect from hackers and malware. That’s the good news. But the risk still outweighs the precautions taken, according to insurance industry…

Inside Job: Safeguarding Against Internal Cyber Threats

The Software Engineering Institute (SEI) at Carnegie Mellon University defines insider cyber threats as “the potential for an individual who has or had authorized access to an organization’s assets to use that access, either maliciously or unintentionally, to act in…

The Shadow Knows: Cyber Insurance Needed for Small Businesses Too

The major data breaches may get all the press – 150 million accounts exposed at Under Armour, 92 million at genealogy firm MyHeritage, 87 million at Facebook, and 145 million at Equifax, the largest U.S. credit bureau, revealing even Social…

Preparing for the Threat: Attitudes and Actions on Cybersecurity

It shocks absolutely no one that cybersecurity remains a growing threat to businesses, large and small, and that breaches of that security have increased both in number and in the resulting financial impact. What may be surprising, however, are…