A NEW REPORT found that one-third of companies who are hit with ransomware and pay the hackers to unlock their systems, are often likely to be targeted a second time. And after they pay, they are often faced with significant consequences, including system rebuilding costs, their...
BUSINESSES THAT are hit by wire transfer scams are increasingly finding it difficult to get their claims paid unless they have either a crime or cyber insurance policy that covers “computer fraud.” Wire transfer fraud occurs when an employee is duped into wiring funds into the...
COMMERCIAL INSURANCE companies are raising rates in most of their lines to account for increasing claims as well as the cost of claims, but another factor is forcing them to raise their rates further: reinsurance. When insurance companies underwrite policies, they won’t retain all of the...
If your company uses drones or plans to use them as part of your operations, you are faced with a unique set of risks that can leave you exposed to a variety of possible liabilities. That’s why it’s important that you are properly insured to...