As the world becomes increasingly interconnected and reliant on technology, directors and officers face a number of challenges and responsibilities. From navigating economic uncertainties to safeguarding against cyber threats, the roles and expectations of these leaders continue to evolve. A survey featured in a recent article from Insurance...
Thanks to technological advances, information flows effortlessly across geographic boundaries and the world’s knowledge is just a few, simple clicks away. As our society becomes ever more digitalized, our world is becoming more dynamic and exciting than ever before. And at the forefront of this change is how we view, store, collect, and interpret...
Businesses rely heavily on the internet and big data to remain competitive. The very sustainability of their business operations depend on it. Although both the internet and big data can bring in streams of revenue, the digital world also exposes businesses to harmful data leaks. In this blog, we’ll discuss five main causes that create just the...
The digital revolution has paved the way for e-commerce websites to thrive. Geographical limitations no longer restrict businesses, as customers can be found across various states. Furthermore, transactions can now be completed within minutes instead of days, thanks to efficient, easy to use payment processing and online sales platforms....
While technology can improve efficiency and convenience, it's not without risk. Technology E&O insurance protects businesses and their staff from negligence, mistakes, and cyber threats. Learning what E&O insurance is and is not will help you better meet your clients’ needs and make sure you don’t leave them with any gaps. What Is...
Cash payments declined to 18.6%, down from 25.8% in 2019, according to the latest data. Digital payments, including the use of credit cards, continue to grow, and so does the fraud associated with them. According to the FTC, there were over 4.7 million reports of fraud recorded in 2020. And just recently, the details of 1.2 million stolen credit...
Although there may be a few frightening characters who show up at your door this Halloween, cyber threats are far scarier (and not likely to be appeased by just a few pieces of candy). The FBI reports that in the US alone, potential losses from cyber crimes exceeded $6.9 billion in 2021. In the spirit of Cyber Awareness month, we’ve rounded up 8...
When considering insurance carriers, selecting a company that's fully capable of fulfilling its obligations is critical––especially if you experience a loss and need to file a claim. Like businesses in any industry, some insurance carriers are more reputable than others. So you help your clients shop for insurance, one thing to consider is the...
As one of the most dangerous and popular types of malware, ransomware is a growing threat amongst businesses. In the U.S., over 4000 ransomware attacks happen daily. During these attacks, cybercriminals use phishing tactics and network vulnerabilities to access a company's systems and data. They then threaten to either block access to networks or...
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