Cyber Risk Insurance Reduces Liability Issues

Now that cyber breaches, cyber theft and cyber crimes have become an almost daily occurrence, many learning institutions are now focusing on dealing with this threat. While having the ability to access Wi-Fi practically everywhere makes doing business easier and quicker, it can come with quite a serious price to pay if breached.

Easier access to these records for staff and employees means it’s now easier for thieves to invade college and university databases and disrupt organizations both large and small. Cyber liability is costing these institutions millions annually, and a lack of security can do a lot of damage, often bringing them to the brink of ruin. Hence, you need to advise your clients that their best defense is cyber risk insurance.

Attacks are orchestrated within and from outside forces

While thrilled with the convenience and easy accessibility that computers provide, your clients must take precautions to avoid being infiltrated, both within, and from outside forces. Among the higher education cyber attacks that have occurred recently are crimes involving students hacking the registrar’s office to change grades.

Unfortunately this new technology makes schools much more susceptible to attacks by hackers and thieves. Because so many rely on wireless and mobile communication, cyber criminals continue to be both a problem and a serious threat. Here we suggest a couple of ways in which many institutions can avoid becoming a victim of a cyber crime.

Protect the confidentiality of email 

Staff members should never share passwords, and whenever checking email make sure that no one is attempting to steal login information. This creates an avenue for someone to steal private information as well as credentials. Also, do not use a shared computer to log into bank accounts or other confidential websites that may be compromised.

Access confidential files only on a secure network

Always be cautious when logging into a Wi-Fi network and make sure to turn off the Bluetooth feature when not using it since this makes it more difficult for hackers to access laptops, tablets, and mobile phones. Cyber risk insurance coverage can aid those clients who fall victim to cyber breaches, but they can help avoid a costly breach in the first place with a little added security and common sense.

Protecting Your Interests and General Liability Insurance in Florida

No business owner who understands that when a liability issue arises, no matter how much money you save by not carrying the right amount of insurance, the end result is that you’ve placed your business at risk, and quite possibly your personal finances as well. General liability insurance protects your business from claims by any person or business’s claims of bodily injury, along with any associated medical costs and property damage. Your business should not be treated like a casino, because you can’t afford to take that gamble.

Unfortunately businesses are being sued all of the time for things like negligence, libel, slander, property damage, bodily injury, and copyright infringement among other things. And businesses can even be sued in instances when they’ve done nothing wrong. One of the best ways to avoid a lawsuit is to run the safest operations possible, but that still doesn’t mean that an accident or some form of negligence isn’t likely to take place. This is why smart business owners make a point of purchasing general liability insurance in Florida as soon as they are up and running.

Improve safety and reduce risk

Running a safe business is the best type of risk management practice that money can buy. Conducting safety meetings, discussing past issues and finding solutions moving forward will reduce the number of accidents and errors, which is a type of insurance you don’t necessarily have to pay for. Make sure that when an incident occurs, it is fully investigated and documented. This way, you’re likely to avoid a repeat of the issue, because generally people learn from their mistakes.

Things covered by a commercial general liability policy (CGL)

General liability insurance offers some of the broadest business insurance coverage money can buy. It may be included in a business owner’s policy (BOP) or is also available as stand-alone coverage. A few of the risks a business could face that a CGL helps to protect against are bodily injury or property damage, reputational harm, advertising errors, medical payments, and any damages to the premises you are currently occupying. You also have an option to add a business entity or other individual parties to your general liability insurance in Florida, so speak to an agent about coverage options today.

Avoid Certain Tactics in SEO for Insurance

The agencies that focus mostly on original content and quality back links will continue to do well in their search engine optimization (SEO) for insurance websites. Because algorithms look for poor content and duplication, insurance agents and brokers paying for link building, involved in using duplicate content or making use of link farming tactics face the real possibility of lowering their rankings. It’s important to look for quality ways to make SEO for Insurance rankings improve, which means avoiding those “Black Hat” tactics that Google and other search engines will quickly identify and downgrade.

Don’t use excessive keyword phrasing

Keyword stuffing (putting a keyword phrase, or several, multiple times within a webpage) doesn’t actually make much sense. While this is done so that the keywords are visible to the search engine, it will not help rank your site better or higher in search engine searches, and the opposite will often likely be the case.

Don’t expect the use of hidden text to help matters either cialis generic canada. While hidden text is no longer a common tool (as it once was long ago), Google still warns webmasters to avoid its usage. One form of hidden text is the use of white text on a white background (often in the footer of a webpage), or for example, locating text behind an image on a webpage for search engines only (never intended for the user), which is seen as a way to boost rankings, though this is not seen favorably by search engines either.

Avoid using automatically generated pages to increase exposure

This consists of paragraphs of random text that makes no sense to the reader, but which may contain search keywords, including things like text translated by an automated tool, or text generated through automated processes, using obfuscation techniques or stitching or combining content from different web pages without adding any sufficient value.

Finally, do not use link farms, which is a website (or group of websites) created only for the purpose of increasing the link popularity of one site by increasing the number of incoming links from others. Link farming is considered a “black hat” method of SEO because the content on the websites is often of a very low quality. SEO for Insurance should avoid using these types of tactics and use only legitimate long-term search optimization strategies for the best results.

Carmel Cyber Risk Insurance Concerns

Business owners now realize that no one is safe from a cyber attack. The risk of an intrusion against every business model has become so prevalent that it now makes the news on a regular basis. There have been attacks on everyone from major corporations, to small businesses, and even the White House was breached. This should serve as a reminder to many small business owners here in Carmel that they should invest in Carmel cyber risk insurance as part of their coverage package since they too may be vulnerable and should take steps to avoid similar attacks from data thieves.

Many companies in the area can greatly benefit from business insurance that deals specifically with cyber theft and cyber breaches and the resulting expenses incurred directly after a theft occurs. Once hackers get into your system, it doesn’t take very long to steal records, along with the concern that the data theft could also occur from within the company, either intentionally or unintentionally.

Some breaches occur from trusted insiders

Practically every company has sensitive information in their computers and an unauthorized person may be able to access this information, including a disgruntled worker who may be simply seizing an opportunity to profit by stealing personal records. Any business collecting and storing sensitive information from customers, including credit card information, contact information, social security numbers, medical information, etc. is a prime candidate for data theft.

Ways to reduce risks for cyber-attacks

Constantly changing the passwords you and your employees use to log into your technology systems on a regular basis can lower your odds of an attack. Avoid emailing sensitive information, or use a secured email service and have employees’ lock their computer screens anytime they are away from their desks for any length of time.

You should document all visitors and avoid allowing unescorted or unsupervised visitors access to your offices. Also, don’t open strange attachments or click unusual links in emails, especially from unknown senders that might introduce a virus into the system. Finally, have a written policy in place so that all employees understand the expectations and rules regarding how your business handles sensitive data.

To protect your small business from the damage caused by these types of exposures, consider a Carmel cyber risk insurance policy. Speak to an agent that can help you identify the risks your business may face before, during, and after an attack occurs.

Cyber Threats and Data Breach Insurance Coverage

Companies you represent that face an ever-increasing threat of a cyber attack need to take the necessary steps to minimize their risks. There are several ways in which they can safeguard their servers, computers and other technological gadgets against such threats, as well as understand exactly how to respond to a cyber breach quickly and efficiently.

In order to alleviate concerns they should take the obvious approach and purchase data breach insurance coverage. When it comes to eliminating threats throughout the organization, security must reach beyond the IT department. The company must evaluate employee exit strategies (HR), remote project protocol, on site (and off-site) data storage practices, and use the information to establish and enforce new policies and procedures to prevent future occurrences.

An ounce of prevention

It is the responsibility of each individual organization to take steps to address data security threats. They then need to disseminate this plan throughout management to ensure everyone knows what to do in the event of a breach. They should create a security team dedicated to ensuring that the same standards for data security are applied regardless of location, by ensuring security and authentication software is installed on mobile devices and kept up-to-date, and providing adequate training and technical support for mobile workers.

Keeping current with security software updates will be a useful deterrent to hackers. After all, it’s a lot easier to go after information that doesn’t have the tightest security money can buy. It’s important to define your security requirements with vendors and third-party service providers. They may be required to maintain appropriate security measures in compliance with certain state and federal regulations. Ensure that your organization maintains control of data at all times, especially with offshore data storage or services.

While the majority of state statutes require “notification only” if a breach compromises unencrypted personal information, professionals have been known to break encryption codes without much difficulty in a lot of cases. Encrypting data in transit (and at rest) is a best practice, but, when used alone, it can give your client a false sense of security.

When it comes to data breaches, the risk is simply too high, from the costs of notification to the loss of customer loyalty. Help your clients make the right choice and invest in data breach insurance coverage, it’s their best line of defense after an attack occurs.

Data Breaches and Cyber Liability Insurance

Cyber threats, data breaches and data losses have infected practically every industry segment globally, with both small and large businesses finding that their systems are severely vulnerable to the acts of these hackers who constantly attack companies and commit cyber crimes, often spreading malicious viruses and creating evolving network security risks.

The constant threat of a breach is alarming, making headlines on a daily basis, with most companies and organizations looking at ways to strengthen their cyber security in an attempt to mitigate risks. Most have also made the decision to invest in some type of comprehensive cyber liability insurance.

The insurance industry offers many cyber liability coverage options

The insurance industry has, over the last several years, responded with a number of cyber liability insurance policies made available on the market that can be tailored to address the individual, and often unique, business exposures of their clients, as well as that of the segment of which it is a part.

Making this coverage a component of your client’s insurance program is now considered key to any effective risk management plan currently in place. The best solution is to partner with a leading MGU and wholesaler, in order to provide protection against threats of this nature.

You need someone who has access to several carriers that provide cyber coverage meant to respond to a myriad of exposures. Your clients can only benefit from having a customized policy for their specific programs, including the healthcare industry, along with institutes of higher learning, as well as an even wider range of businesses and companies.

Some examples of protection provided on most comprehensive cyber policies include:

  • Breach of duty
  • Security costs
  • Acts performed by third parties (contractors, vendors, customers, etc.)
  • Privacy claims caused by employees, and
  • Media liability (copyright/trademark infringement and personal injury)

Security costs are considered one of the major benefits of comprehensive cyber liability coverage and include forensic costs, credit monitoring, public relations management and notification costs. Other notable coverage in the comprehensive cyber form relates to damage caused by a hacker, business interruption and cyber extortion. Your clients can no longer afford to be without cyber liability insurance.