Knowledge Corner

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With the Russian invasion of Ukraine, the insurance industry is bracing for the potential of Russian hacking activity that will target U.S. companies. Though there is policy language currently that excludes war, the interpretation can be broad and difficult to identify the "perpetrator of the cyber attack”. It’s often to a client’s advantage when there is vague wording on a policy.

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With sanctions against Russia starting to take effect as a result of the Russian/Ukrainian situation, there is an increased cyber security threat. These cyber threats include increased hacking, viruses, and malicious activity. As companies continue to monitor threats that may emerge, it’s a good time to make sure that not only are your company devices safe, but your personal ones are as well.

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October generally means pumpkins, brisk weather, and leaf peeping. But did you know October is also Cybersecurity Security Awareness month? Before we say goodbye to October, here are some good tips to share with your employees. Since the news is full of corporate cyberattacks, most employees are aware of basic cyber security risks when they are sitting in front of their laptops. However, that laptop is not the only computing device your employees are using in their daily work lives.

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The rise of ransomware attacks in all industries is alarming and unfortunately has become an easy “payday” for cybercriminals. There are many types of malware, malicious software that is designed to cause damage. One that has become quite popular is Ransomware.

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We are seeing an explosion of technology as our devices become more powerful and less expensive. Companies are taking advantage of our voracious appetite for all things technology and creating a world that is connected device to device.

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As we move to a more digital world, cyber-attacks are becoming the norm. Luckily, there are a few different ways to safeguard your company’s systems, networks, and programs from digital attacks. One of the most popular ways to protect your company is to integrate the National Institute of Standards and Technology (NIST) Cybersecurity Framework. This approach highlights 5 core functions that can be implemented.

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In 2020, the insurance industry not only dealt with the Hard Market but also faced a lot of new challenges. One of the most prominent ones being, Cyber incidents. The Property & Casualty (P&C) Insurance Carriers that wrote Cyber Insurance last year, reported higher claims in 2020 than prior years.

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Ransomware, malware, and data breaches have become part of today’s business vernacular. It may seem like the big-name consumer brands are the only ones at risk; that is simply not the case. Even the construction industry is not immune to cyber risk. Like the rest of the world, the construction industry is becoming more dependent on technology. However, this dependency can lead to exposure to cyber risk.

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Cyber Security has become a main topic of concern these days. There are so many risks that occur every time you turn your computer. Students and Faculty need to be aware of how to keep their information private while accessing the school’s network. If you follow these basic Cyber Security tips, you can keep your information safe on and off campus.