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Monday, July 12, 2021

Traditional electrical power grids have evolved toward technology-enabled smart grids. These grids integrate traditional electric power grids with information and communication technologies. While they improve the efficiency and...

Friday, July 9, 2021

McKinsey & Company has published an article by Ramnath Balasubramain, Ari Libarikan and Doug McElhaney on how artificial intelligence will impact insurance by 2030. The article is at https://www.mckinsey...

Wednesday, July 7, 2021

Now that the pandemic is winding down in most states and organizations are reopening, it's time to recognize that returning employees may have mental health issues.

Friday, July 2, 2021

This week Steve King of CyberEd.io posted about the growing sophistication of cyber criminals. They are using ransomware proceeds to "reinvest" in new products, infrastructure and services. They sell access to desktops, networks, and...

Thursday, July 1, 2021

Since the 12 story building in Surfside, FL collapsed the focus has been on the loss of life and ongoing search and rescue efforts. There will be investigations but the cause probably will not be known for months if not years....

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Tuesday, June 29, 2021

Following the attack on a water treatment facility in Florida in February, there have been attacks in California. Fortunately, all were discovered before harm was done. Next time we might not be so fortunate. Water is our most critical...

Tuesday, June 29, 2021

One way to understand the scope of cyber crime is to look at what's for sale on the dark web, and for how much. PrivacyAffairs has released a 2020 price index; here are some of the items for sale and their prices. $25 for a Mastercard...

Friday, June 25, 2021

With the growing increase in ransomware there is an increased need for cyber security. The question arises, how much security is enough to defend against claims of negligence after an attack? In general, there is a legal standard of...

Thursday, June 17, 2021

With the growth of remote work, cyber bullying by coworkers has escalated. In her blog workplace coach Lynne Curry cites a report by Paycheck that 44% of employees have received disciplinary action for behavior while working remotely....

Monday, June 14, 2021

Ransomware attacks continue to increase. Despite some victories (recovery of most of the Colonial Pipeline ransom) the "bad guys" are still winning the war. Basically, they have all the advantages. "Ransomware-as-a-service" provides...

Tuesday, June 8, 2021

With a new cyber attack in the news almost every day, Steve King of Cybered.io posted a recent survey of the effects of ransomware. Commissioned by Sophos, Vansom Bourne surveyed 5,400 IT decision makers in 30 countries. The findings:...

Tuesday, June 8, 2021

As the pandemic eases offices are reopening. While we can relax or discontinue rules on masks and social distancing, we cannot ignore the need to stay vigilant on cybersecurity. Whether or not all employees return there are actions...

Monday, May 24, 2021

This is not a blog about the nature of the universe or the meaning of life, but a post on the Cyber Theory website (https://cybertheory.io/why-are-we-here-and-what-to-do-about-it/) does address these questions in the context of the...

Monday, May 24, 2021

If you have been paying attention to reports of data breaches,

Friday, May 21, 2021

According to a 2019 Monster.com survey, 94% of over 2,000 employees had suffered bullying in the workplace. This was a 19% increase over 2008. Employment coach Lynne Curry lists five steps for leaders to address bullying: Be respectful...

Thursday, May 20, 2021

Recent online conferences of the Risk and Insurance Management Society (RIMS) and the National Conference of Compensation Insurers (NCCI) provide insights from insurance leaders as to where the industry is heading. Here is a summary:...

Thursday, May 13, 2021

A post by Philadelphia Insurance is a reminder that non-profits, especially health care and human services organizations, need as much if not more insurance as for-profit companies. (Many of the risk exposures of health and human...

Monday, May 10, 2021

If anyone still thinks a ransomware attack - or cyber attacks in general - is just about shutting down a computer network, the Colonial Pipeline attack shows what really is at risk. As cyber expert Steve King puts it, Colonial is not a...

Wednesday, May 5, 2021

Although fiduciary liability has been a concern ever since the passage of ERISA in the mid 1970s, compared to other management exposures such as directors and officers or employment practices liability claims have been infrequent. Now...

Wednesday, May 5, 2021

Premiums are continuing to increase for cyber insurance even as rate increases for other lines are slowing down. The increase in ransomware attacks and higher ransom demands is a principal reason. As posted by insurance broker Arthur J...

Monday, April 26, 2021

According to a study reported in Fortune, employees can work as effectively from the kitchen table as from the office. (Full disclosure: my home office is not my kitchen table. For that matter, my kitchen table is not a kitchen table....

Thursday, April 22, 2021

There is seemingly no end of online scammers devising new tactics to steal money or information. Derek Slater of CSO lists seven tactics to watch for (https://www.csoonline...

Thursday, April 22, 2021

It has long been known that indirect costs of a workplace accident are several times higher than direct costs. According to a post by First, Verify (https://www.firstverify...

Thursday, April 15, 2021

Enterprise risk management consultant Carol Williams uses the winter freeze disaster in Texas to present a strategy for dealing with management's objections to costly upgrade recommendations. Her article can be found at htpps://www...

Friday, April 9, 2021

NIST has released a publication (IR 8276) listing eight key practices in cyber supply chain risk management (C-SCRM). Supply chains are often the weak link in cyber security, so every organization should be aware of and follow these...

Wednesday, April 7, 2021

Perhaps the biggest dangers from the COVID-19 pandemic are first, we don't know what we don't know and second, we are so anxious to be free of restrictions that we neglect continuing dangers. We are seeing increased infections even as...

Wednesday, April 7, 2021

With the increasing use of artificial intelligence and machine learning (AI/ML) comes decisions about what data can and should be accessed, how to guarantee fairness and avoid bias and discrimination. These questions are addressed by...

Wednesday, April 7, 2021

Every business that has a computer system needs insurance for "cyber" exposures as much as, if not more so, than "brick and mortar" coverages. Cyber policies today cover both third party and first party claims, including business...

Tuesday, April 6, 2021

Steve King reviews the first 90 days of 2021 on the Cyber Theory website. If you are not concerned about cybersecurity now, this article should convince you. The full article can be found at https://cybertheory...

Thursday, April 1, 2021

A major news story with insurance implications was the grounding of the Ever Given in the Suez Canal, totally blocking it and backing up ships for days. While the ship has now been refloated, it raises the question of how this...

Thursday, April 1, 2021

According to Steve King of CyberEd.io, more records were compromised last year than in the past 15 years combined. This was after 2019 saw a 200% increase in data compromise over 2018. Reported ransomware cases increased by 60%....

Wednesday, March 24, 2021

According to a post on www.benefitnews.com, one in four employees is leaving their job this year. in February 2020 Buffer surveyed remote workers worldwide and found 20% called loneliness their greatest challenge while another 20%...

Friday, March 19, 2021

The problem with traditional defense against cyber attacks is that it is passive. Depending on security alerts is ineffective. According to the 2020 Mandiant Security Effectiveness Report: Alerts are only generated for 9% of attacks....

Thursday, March 18, 2021

Business email compromise and related scams are causing huge losses. The FBI reports that between June 2016 and July 2019 global losses were over $26.2 billion and over $10 billion in the United States. Fortunately, there are ways to...

Tuesday, March 9, 2021

To meet the problems in our health system, the Johns Hopkins Institute for Health and Productivity Studies asked 40 business and public health leaders in 2020 how to address the pandemic and prepare for future crises. Their report,...

Monday, March 8, 2021

Blogging on the Cyber Theory website (cybertheory.io/canary-in-the-cybermine/) Steve King writes that artificial intelligence is not being used to help cyber defense. The technology is here. Artificial intelligence and machine learning...

Friday, March 5, 2021

Security in the cloud is not the same as in an organization's own computer network. As more companies rely on cloud computing they must balance increased productivity against new security concerns. As reported in Cyber Security...

Thursday, March 4, 2021

Risk manager Karin Nadels reviewed the book Busy by Tony Crabbe on LinkedIn and extracted eight lessons for organizations worth passing on. Strategy should not be set in stone. Sometimes you have to admit failure, cut your losses and...

Tuesday, March 2, 2021

Most of the attention to the New York Department of Financial Services cybersecurity guidelines have been focused on its message to insurers. A post by Lewis Price LLC on the Lexology website notes there is also guidance for insureds:...

Friday, February 26, 2021

Redscan has a new report on critical vulnerabilities logged by the National Institute of Standards (NIST) in 2020. As summarized in Cyber Security Intelligence (cybersecurityintelligence...

Thursday, February 25, 2021

A survey by the Information Systems Security Association (reported on Cyber Security Intelligence, cybersecurityintelligence.com/blog/cyber-security-insights-for-executives-5483.html/) found that 58% of senior managers stated their...

Thursday, February 25, 2021

As posted on Cyber Security Intelligence (cybersecurityintelligence.com/blog/5g-will-disrupt-cyber-security-5468.html/), installing 5G networks will impact businesses for decades. The goal will be to use the new technology without...

Thursday, February 25, 2021

Anyone who wants their computer to be secure but doesn't know how to start can benefit from guidelines on the Data Guard 365 website (data-guard365.com/resources/blogs/computer-security-its-bigger-than-spyware-and-viruses/). Like a...

Thursday, February 25, 2021

On February 4 New York became the first state to issue guidance to insurers on cyber risk. The Department of Financial Services Cyber Insurance Risk Framework is intended both for cyber insurers and those whose policies include "silent...

Monday, February 22, 2021

It is almost a year since the COVID pandemic forced us to make radical changes in our business and personal lives. Working from home has become the "new normal" for those of us whose presence in a physical workplace is not required....

Tuesday, February 16, 2021

Despite increased spending on cyber security, losses have doubled in five years to $6 trillion according to Cybersecurity Ventures. Legacy and next generation anti-virus tools are increasing ineffective against advanced attacks, and...

Tuesday, February 16, 2021

You may be familiar with "ethical hackers" as a term for computer experts you can hire to attack your network looking for vulnerabilities. Now as posted in Cyber Security Intelligence this activity is being crowd sourced to cope with...

Thursday, February 11, 2021

Lynne Curry at Workplace Coach Blog has posted updates to the EEOC's December 2020 guidelines for employee COVID vaccinations. While employers can implement and enforce mandatory vaccination policies, beware of conditions: Since...

Thursday, February 11, 2021

COVID-19 has forced healthcare organizations to accelerate digital transformation and cloud adoption. According to a global survey from Trend Micro, 88% of healthcare organizations have done so. The three main reasons for moving to...

Thursday, February 11, 2021

According to security experts at McAfee, in 2020 worldwide cyber crime losses exceeded $1 trillion. The FBI saw cyber security questions and complaints increase by four times since the beginning of the pandemic. Interpol reports cyber...

Tuesday, February 9, 2021

Hilary Tuttle has an article in Risk Management (rmmagazine.com/2021/02/01/2021-cyberrisk-landscape/) on current cyber risks. (Warning - the web site is not secure -what irony!) The risks created or exacerbated by the pandemic...

Monday, February 8, 2021

By now it is a commonplace that Internet fraud using identity theft is a growing problem. Cyber criminals can take advantage of weak passwords to enter a user's network, or use a phishing email to get password information. According to...

Friday, February 5, 2021

According to a Locke Lord post, in one of his last executive orders President Trump asked government agencies and contractors to check unmanned aircraft and systems for software or electronic components manufactured by "foreign...

Friday, February 5, 2021

According to Cloud Security Report 2021 published by cloud security firm Wandera, cyber criminals have shifted their tactics as more employees work from home and on mobile devices. Employees now are twice as likely to connect to...

Friday, February 5, 2021

5 G technology has been touted as transforming how people live and work. it has the potential to create new technologies and develop new industries. 5 G networks deliver high data speeds, increased reliability and availability,...

Thursday, February 4, 2021

In a survey of chief information security officers and chief security officers by cyber security firm Proofpoint, 46% said ransomware and extortion is the biggest threat they face in 2021. In recent years ransom demands have jumped...

Thursday, February 4, 2021

Steve King, board member at CyberEd.io, discussed a Kapersky study of CISOs and workers in the United Kingdom that is relevant here. Staff workers have increased unsecure behavior since working from home. Over one third of employees...

Tuesday, February 2, 2021

As businesses reopen they must confront new challenges. Not all employees want to return to the office, and managers may not be comfortable with remote workers. If some employees do return to the office full time, there may be friction...

Tuesday, February 2, 2021

Workplace coach and blogger Lynne Curry notes a 2019 Gallup survey found only 14% of employees strongly agree that their performance reviews inspire improvement. 58% of executives felt their company's management system did not produce...

Monday, February 1, 2021

There are now 3.78 billion users of social media worldwide. This is a 32.2% increase in five years, with average annual growth of 7.2%. Social media has had a huge impact, especially during the pandemic. It enables people to meet...

Monday, February 1, 2021

2020 saw a new high in cyber attacks, with over 12 billion records compromised and ransomware attacks up by 60%. Frequency is expected to continue in 2021. As the economy recovers spending on cyber security will increase. According to...

Monday, February 1, 2021

As posted on Cyber Security Intelligence, events and technology company GDS Group polled senior leaders at 300 global companies. Technology leaders rated cyber security, cloud strategy and digital transformation as the most important...

Monday, February 1, 2021

The preface to this report states that in 2006 they had warned of the threat of pandemics and other health related risks. The warning was repeated in subsequent reports, and in 2020 it has come to pass. The report paints a dark...

Friday, January 29, 2021

Mark Walls, vice president of Safety National Insurance and a frequent commenter on workers compensation, publishes a "top 20" list of issues at the start of each year. For 2021 his list focuses heavily on the effects of the COVID-19...

Friday, January 29, 2021

Data Guard 365 has a post listing ten signs your computer has been infected by spyware and/or adware. Frequent, unauthorized changes in your browser home page. A flickering modem light when no one is online. While everyone gets junk...

Tuesday, January 26, 2021

As a major insurer, Travelers has actively addressed the issues surrounding the development and insurance of autonomous vehicles (AVs). The Travelers Institute has updated a 2018 position paper "Insuring Autonomy: Auto insurance Will...

Tuesday, January 26, 2021

In his last weeks in office President Trump issued an executive order "Addressing the Threat Posed by Applications and Other Software Developed or Controlled by Chinese Companies". As described in a Locke Lord study, the threat is that...

Wednesday, January 20, 2021

The first requirement of responding to a cyber security attack is to have an incident response plan. However, a plan is no good unless you put it into practice. Just as with physical fitness, cyber fitness requires exercise. Cyber...

Tuesday, January 19, 2021

Sleep deprivation is an overlooked cause of workplace accidents. According to the National Sleep Foundation it increases the likelihood of a workplace accident by 70%. Lack of sleep results in poor judgment and impaired performance. At...

Tuesday, January 19, 2021

Sending false alarms has been a problem since telephones came into wide use. "Swatting" - calling police or first responders to a residence for a false emergency - also goes back many years. The FBI first warned of it in 2008. Recently...

Tuesday, January 19, 2021

The decision by the United Kingdom's Supreme Court upholding a High Court of Justice ruling that insurers must indemnify their policyholders for COVID-19 business interruption losses is now a prominent insurance news story worldwide....

Monday, January 18, 2021

While the SolarWinds hack deserves the title of "worst cyber attack ever" (at least until the next big attack) cyber espionage has a long history. A post in Cyber Security Intelligence describes some past incidents. The first person to...

Monday, January 18, 2021

Ronald Marks, visiting professor of policy and government at George Mason University, has written in Cyber Security Intelligence about the cyber problems facing president-elect Biden. Marks calls it a "wicked problem" because the...

Friday, January 15, 2021

Brandon Fick, chief underwriting officer of Zurich North America, has addressed how the insurance industry can respond to pandemics. COVID-19 is a disaster that insurance was not designed to address. It and other past and future...

Friday, January 15, 2021

Two of the biggest issues of 2020 were coronavirus and cyber crime. For healthcare organizations they have merged as cyber criminals target them. What is their goal? In a word, information - valuable information that can be sold. For...

Wednesday, January 13, 2021

An article by Andrea Wells in Insurance Journal discusses how the COVID-19 pandemic is affecting employment practices liability insurance. The pandemic has resulted in layoffs and furloughs, plus the change to remote work. Now that...

Wednesday, January 13, 2021

A post in Cyber Security Intelligence cites a survey by security firm Trend Micro in the United Kingdom in which 41% of IT decision makers believed they would be replaced by artificial intelligence by 2030. Only 9% were confident they...

Tuesday, January 12, 2021

According to Cyber Security Intelligence, these are the major cyber security issues this year: As businesses adapt to remote working they are vulnerable to cyber attacks. Many are still not prepared for remote security. Training for...

Tuesday, January 12, 2021

Cyber analytics specialist CyberCube sees deepfake audio and video technologies as a major threat to businesses within the next two years. As described in an article by Ryan Smith in Insurance Business America, the ability to create...

Friday, January 8, 2021

After blogging about the "Worst Cyber Attack Ever" I read a LinkedIn post by Steve King of CyberEd.io which describes how a new strain of malware known as Teardrop has gone beyond the SolarWinds hack. This new malware has control of...

Wednesday, January 6, 2021

Malware - malicious software - is a common name for many types of harmful programs. A post by Ashely Linkheart, "The Different Types of Malware" in Cyber Security Intelligence lists ten types of malware with examples of how they are...

Wednesday, January 6, 2021

Advanced threat protection (ATP) is a cyber security strategy designed to identify threats to a computer system before they can compromise the system. As cyber attacks have become more sophisticated, traditional defenses like antivirus...

Wednesday, January 6, 2021

Distributed denial of service attacks - DDoS for short - are a threat to every business with an online presence. Between 2014 and 2017 the number of these attacks increased by 2 1/2 times and they have continued to increase since then....

Tuesday, January 5, 2021

According to cyber security firm Halock, in 2021 there will be a ransomware attack every 11 seconds. Estimated cost of these attacks is $20 billion. The third quarter of 2020 saw a 40% increase globally over the prior year, almost 200...

Tuesday, January 5, 2021

The market for Directors & Officers (D&O) Liability hardened significantly in 2020, and this will continue in 2021. Marsh LLC reported price increases of over 50% in the fourth quarter, and rate increases for over 90% of its...

Monday, January 4, 2021

A global survey of 3,249 business and technology executives by PWC reported on the Cyber Security Intelligence website found the most likely expected threats in 2021 are to the Internet of Things and cloud services. About 40% of...

Monday, January 4, 2021

The joy of having vaccines approved for COVID-19 has quickly been tempered by problems with its distribution. Now, as an article by Mackenzie Holland and Jim O'Donnell on the searchsecurity.techtarget.com website makes clear, there are...

Monday, January 4, 2021

As we learn more about the SolarWinds cyber attack that affected both U S government agencies and private companies it is clear just how serious it is. The attack and its implications are reviewed in several posts in the latest Cyber...

Monday, December 28, 2020

If 2020 was the year of the pandemic, it was also the year of the cyber attack. The two are connected in that the rapid move to remote work increased the risk of cyber attacks. However, as pointed out in a post by security firm Halock,...

Monday, December 28, 2020

Forbes magazine usually discusses matters of interest to large corporations, but an article by Noah Barsky, a professor at Villanova, on why the SolarWinds breach reinforces the need for management technical expertise can apply even to...

Thursday, December 24, 2020

At a time when concerns of worker safeorkty are high because of COVID-19, a post by vendor information management firm First, Verify is a reminder of the hidden as well as obvious costs of ignoring safety at work. It was once thought...

Wednesday, December 23, 2020

A post by Lori Daugherty in medcitynews.com discusses a "second curve" of COVID-19 - related mental health cases. The pandemic has killed over one million worldwide (over 300,000 in the United States) leaving survivors with increased...

Tuesday, December 22, 2020

Now that COVID-19 vaccines have been approved for emergency use and should soon be more widely available, employers may want to offer them or require employees to get them. The Phelps law firm has provided some guidance from the EEOC...

Tuesday, December 22, 2020

While artificial intelligence has been touted as a way to improve cyber security, it is also being used by cyber criminals in their attacks. The threats are described in a report issued by Europol and the United Nations. Deepfakes are...

Tuesday, December 22, 2020

The Internet of Things (IoT) has expanded to 10 billion devices in current use, with over 25 billion expected in the next five years. Security is a major concern; many devices are open to hacking which could expose major networks to...

Thursday, December 17, 2020

Two recent cyber attacks have been in the news. Government agencies including the Treasury and Commerce departments were hacked by a "nation state" (Russia is suspected) targeting sensitive data. Cyber security firm FireEye was also...

Thursday, December 10, 2020

Avast, a supplier of digital security and privacy products, made a survey of over two thousand office workers in the United States and the United Kingdom. The results show a general misconception of cyber security and a need for...

Tuesday, December 8, 2020

Starting as a static network designed to shuttle information and messages between two terminals, and maintained only by expert coders, in the past thirty years the Internet has truly changed the world of communications. As summarized...

Monday, December 7, 2020

I'm writing this on Pearl Harbor Day, which seems to be an appropriate time to remember an attack can come at any time. Today's attacks come not through enemy aircraft but through your computer, perpetrated by government agents,...

Monday, December 7, 2020

A critical part of risk management is evaluating third parties including vendors your organization interacts with. Maclear (www.maclearglobal.com) has put together a list of seven best practices to help assess and manage those risks....

Friday, December 4, 2020

In 2020 the coronavirus pandemic and the presidential election have focused attention on social media's role in conveying both information and disinformation. A report by the Forum for Information and Democracy, established to make...

Friday, December 4, 2020

It is now widely recognized that traditional defenses against cyber attacks are ineffective. Perimiters have gaps that allow hackers to get through or around them. Firewalls cannot stop a determined hacker. As long as humans try to...

Wednesday, December 2, 2020

Mary Atamanuik reports on a study of cyber crime and its impact on consumers in the United States and United Kingdom by Clario Tech and Demos. Here are their findings for the United States: 4 in 10 people think they are vulnerable to...

Tuesday, December 1, 2020

There is a shortage of cyber security professionals worldwide and in the U. S., and it is growing. A study cited by Cyber Security Intelligence estimates the current global workforce is 2.93 million, 805,000 in the U. S. There are 4.07...

Monday, November 23, 2020

In 2019 global spending on software as a service increased by 50%, and the number of unique cloud apps used by a company rose by 30%. Cloud breaches are also rising; 75% of organizations surveyed by Oracle reported losing data from a...

Monday, November 23, 2020

With the growing use of artificial intelligence by criminals, it's important to know how it's being used. A Cyber Security Intelligence post describes three ways. Data poisoning is manipulation of a data set to make incorrect...

Monday, November 16, 2020

Global spending on cyber security has gone from $3.5 billion in 2004 to $120 billion in 2017, and is estimated to reach $170.4 billion in 2022.

Monday, November 16, 2020

Anurag Kahol has published seven cyber security predictions in Security magazine: Cyber criminals will focus on remote workers. They have been taking advantage of unpreparedness due to the shift compelled by COVID-19. Even before the...

Monday, November 9, 2020

Steve Stobo, director at Cyber Consulting Services Limited, asks these questions: Do you know the overall cyber security rating of your supply chain? What is your financial risk if your supplier is breached? Are all your suppliers...

Monday, November 9, 2020

Paul Isaac and Tom Lysaught of QBE North America have written in Middle Market Growth about a report on mid-size company risk that QBE co-sponsored with the Association for Corporate Growth. While 99% of those companies were very...

Friday, November 6, 2020

A survey by communications and PR firm Edelman shows many Americans don't trust either government or social media to handle their personal information. 35% don't trust the U. S. government, 34% don't trust Facebook, 32% don't trust...

Friday, November 6, 2020

As cyber risk evolves, traditional defenses focused on perimeter security and known threats are no longer adequate. Threats change more quickly than organization response. A Cyber Security Intelligence post lists five things business...

Friday, November 6, 2020

Despite all the publicity about data breaches and ransomware attacks; despite the financial loss and if publicized the reputational loss to a breached business; despite the possibility that an attack could destroy a business: an...

Tuesday, November 3, 2020

To prepare properly for the next ten years, businesses need to use artificial intelligence. According to McKinsey, business use of AI is increasing by almost 25% annually. A major reason to use AI is that criminals use it to attack...

Tuesday, November 3, 2020

Harman Singh, a managing consultant at cybersecurity firm Cyphere Ltd. has a post on Cyber Security Intelligence dealing with these threats. To distinguish between the two, malware is more powerful. It can damage industries and disrupt...

Friday, October 30, 2020

Since IT networks are complex, hackers are typically able to stay undetected for months or even years. According to a Cyber Security Intelligence post, organizations must be able to analyze contextual data to make informed security...

Friday, October 30, 2020

As social distancing has increased electronic activities, criminals have adapted their technology to steal information. According to a post by security firm Halock, in 2020 online purchases have increased for all types of merchants. In...

Wednesday, October 28, 2020

With the continuing COVID-19 pandemic showing no signs of easing, managers have to adapt their skills to work with remote employees. Most of them are not trained for this. Without being able to see or hear their employees, some...

Wednesday, October 21, 2020

Recently a client who had rented a crane with an operator sent us a certificate as evidence of the renter's insurance. The certificate showed coverage for General Liability, Automobile Liability and Workers Compensation, and our client...

Friday, October 9, 2020

You have probably read or heard bout fifth generation - 5G for short - internet connectivity. (For those who have lost track, 1G was analog voice, 2G digital voice, 3G mobile data and 4G mobile broadband.) As described in a Cyber...

Friday, October 9, 2020

Alfred Rollington, author and director of Cyber Security Intelligence Ltd., has written an article "Government, Cyber Attacks, Terrorism & Piracy" which the digital revolution and cyber security into historical perspective. As...

Wednesday, September 30, 2020

In a Risk & Insurance article, Annemarie Mannion interviewed Tammy Bradly, vice president of clinical product development at Coventry, and Tim Howard, senior vice president of field case management for Genex Services, to discuss the...

Tuesday, September 29, 2020

"A man's enemies are the people of his house", the prophet Micah wrote. Apparently insiders were a threat even in biblical times. Now they can breach your computer network. Recently rouge employees were responsible for data breaches at...

Tuesday, September 29, 2020

BlueVoyant has conducted a survey of supply chain cyber risk, globally and for five individual countries. The survey was conducted this June. Here are some of their findings for the United States, according to 301 executives...

Monday, September 21, 2020

If you are a business owner with limited knowledge of how to deal with cybersecurity risks, it makes sense to seek expert advice, When interviewing experts it is important to ask the right questions. Jennifer Bell list four essential...

Monday, September 21, 2020

A post in Cyber Security Intelligence lists and describes the areas in which artificial intelligence is helping organizations find better ways of working. Meetings - voice assistants can schedule meetings, listen in and take notes....

Friday, September 18, 2020

As Teresa Williams, managing partner of Home Care Connect, put it in a post on WorkCompWire, "mental health is getting hammered" by the pandemic. More than 36% of U.S. adults are showing symptoms of depression or anxiety, compared to...

Friday, September 18, 2020

In World War II, "island hopping" was the successful American strategy of avoiding Japanese strongpoints by attacking more vulnerable outposts. Today, cyber criminals use "island hopping" to attacks organizations through vulnerable...

Friday, September 18, 2020

Digital technology has changed the way we live and work, for better and for worse. The negatives include fake news and cyber crime. COVID-19 has created new opportunities for cyber criminals to exploit remote workers. Businesses which...

Thursday, September 17, 2020

According to a post on the uniquednp.com website, top-notch deepfake videos made using artificial intelligence are a national security threat. (Note: The quality of the writing in this blog leads me to believe this is not a U.S....

Tuesday, September 15, 2020

Steve King, board member at CyberEd.io, posted some "eye opening" statistics: The Internet of Things (IoT) market should reach $1.1 trillion by 2026. Most of the buyers are banking and financial services. If estimates that by 2025 152...

Tuesday, September 15, 2020

For the benefit of the geographically challenged, Estonia is the northernmost of the three small republics on the eastern shore of the Baltic Sea. Esther Naylor, a research assistant at Chatham House, has written a post in Cyber...

Monday, September 14, 2020

An article in Harvard Business Review by Maxim Sytch and Lindred L. Greer asks "Is Your Organization Ready for Permanent WFH?". While not every type of organization can adapt to remote work (hospitals and police are two prominent...

Friday, September 11, 2020

This blog is mostly based on a post by Mark Stone on the Security Intelligence website. As Jane Austen might say, it is a truth universally acknowledged that cyber security in an organization starts with its employees. The challenge is...

Friday, September 11, 2020

"Cloud computing" is a widely used but not well understood term. Basically, it's using a service provider to store and process data, usually from multiple organizations. The Carnegie Endowment has published a report "Cloud Security: A...

Friday, September 11, 2020

A research report by threat intelligence experts InSights, as posted on the Cyber Security Intelligence website, describes China as "perhaps the world's greatest cyber power". That power is not being excercised for good. China has an...

Thursday, September 10, 2020

Whether your company is large or small, officers and directors must understand their cyber risks. In a Harvard Business Review article Daniel Dobrygowski and Derek Valada discuss the need for informed decision making on this risk....

Wednesday, September 9, 2020

A Cyber Security Intelligence post from Great Britain states their National Cyber Security Center (NCSC) has taken down over 300,000 malicious URLs linked to fake celebrity endorsed investment schemes in four months. Criminals use...

Wednesday, September 9, 2020

In response to pressure, in March 2020 Facebook, Google, LinkedIn, Microsoft, Reddit, Twitter and You Tube announced they would combat fraud and misinformation about coronavirus. In addition to fraudulent websites, misleading or...

Wednesday, September 9, 2020

Following President Trump's executive order to remove Tik Tok, Secretary of State Mike Pompeo has called for a "clean" United States internet with no Chinese companies. China is pushing back, but they have their own firewall against U....

Friday, September 4, 2020

Cyber criminals are using COVID-19 to target employees working at home. According to a Cyber Security Intelligence post, attacks targeting home workers increased from 12% of malicious email traffic in March to 60% six weeks later. The...

Friday, September 4, 2020

I have addressed this before, but a new post by Cyber Security Intelligence once again recommends using an independent IT team to audit your computer systems and cyber security. This is especially important if your organization has...

Thursday, September 3, 2020

In a May 18, 2020 online article in NU Property Casualty 360, business coach Timothy D. Christ explains "Why insurance claims get contentious". Christ explains in simple language why insurance companies whose goal should be to settle...

Wednesday, September 2, 2020

GoCyber a cyber security training app has a "top ten" list of safe online practices for employees working remotely: Don't use public Wi-Fi for confidential work or financial transactions. Only use public Wi-Fi for non-personal activity...

Wednesday, September 2, 2020

According to a post in Cyber Security Intelligence, Israeli defense firms were hacked by a group linked to North Korea, using fake job offers to try to obtain sensitive data. The hackers created fake LinkedIn accounts impersonating...

Wednesday, September 2, 2020

Mark Pew on thepreferredmedical.com website describes how COVID-19 is changing how healthcare is practiced. These initiatives are becoming the new normal: More automation: as insurers and service providers have furloughed employees...

Tuesday, September 1, 2020

In a post last June on the 1touch.io website, Itzhak Assaraf writes that artificial intelligence creates huge amounts of personal data - over 1.7 MB on each person, every second, every day. The more data AI is given, the more it learns...

Tuesday, September 1, 2020

According to Cyber Security Intelligence, there are over 2,000 orbiting satellites at present, and hundreds of geostationary satellites. Telecommunications companies are planning dozens of new satellite launches. Amazon plans to create...

Monday, August 31, 2020

One of the effects of the coronavirus pandemic is likely to be the increasing use of industrial robots. The combination of artificial intelligence, large data sets and lower priced electronics is making robots an attractive alternative...

Friday, August 28, 2020

Alfred Rolington, co-founder and CEO of the Cyber Security Intelligence website, has written a blog "Creating Post-Modern Intelligence" which provides a survey of the "Digital" or "Cyber" Revolution. (Since writers vary in describing...

Friday, August 28, 2020

It's understandable that in a recession businesses with lowered revenues will spend less. So it's not surprising that as reported in Cyber Security Intelligence that market analysts now expect only minimal expansion in the cyber...

Thursday, August 27, 2020

It sounds like a broken record, but since the coronavirus started spreading cyber criminals have ben taking advantage. Two posts in Cyber Security Intelligence address the subject. An assessment by Interpol shows a change in focus by...

Wednesday, August 26, 2020

In an Insurance Journal article, Kelly Geary suggests crisis is the "new normal" in today's world. This makes crisis management more important than ever. COVID-19 is the worst crisis of this century so far, and experiencing it is, in...

Wednesday, August 26, 2020

An International Risk Management Institute (IRMI) Expert Commentary by Cheri Hanes, CRIS, LEED AP, CDS discusses the problems of supply chains caused by COVID-19. Although Hanes focused on construction contractors, her analysis can be...

Tuesday, August 25, 2020

Mitch Davis of the M B Davis insurance consulting group has listed seven things for small businesses to consider about the effects of COVID-19. Just-in-time supply chains are susceptible to globally disruptive events. International...

Tuesday, August 25, 2020

While violent reactions by fired employees happened before 2020, tensions growing out of the pandemic, the economy and the election make the possibility of violence more likely. In a LinkedIn post Robert Kravitz recommends ways to deal...

Tuesday, August 25, 2020

One of the arguments raised by insureds seeking coverage for business interruption due to COVID-19 shutdowns is that cleaning their premises is covered "physical loss". So far this argument has not been received favorably by either...

Friday, August 21, 2020

As reported by Jordan Kurkowski of AmWINS in The Edge and republished in CPCU Insights, these are the top eight trends in Employment Practices Liability Insurance (EPLI): COVID-19 is a developing event. Layoffs, remote work and return...

Thursday, August 20, 2020

An article "What's your survival plan if there's no vaccine?" at executeastrategy.com lays out a bleak but ultimately helpful program for dealing with this pandemic. Using the 1918 Spanish flu pandemic as a model, experts suggest...

Wednesday, August 19, 2020

Management Liability is the term used for coverages for claims arising out of an organization's business decisions.

Tuesday, August 18, 2020

In a post on www.cbronline.com, Ian Glover president of CREST, a non-profit accreditation body, argues for a new way of reporting on cyber security. Boards are responsible for managing cyber security resilience and communicating to...

Tuesday, August 18, 2020

Cyber security experts at Balbix have issued a "State of Enterprise Security Posture Report" based on an online survey of IT and cyber security professionals conducted in May 2020. As reported in the Cyber Security Intelligence website...

Monday, August 17, 2020

Specialist security firm Specops Software has surveyed 2,043 business owners in 11 different sectors. As reported in the Cyber Security intelligence website, 41% of employees have not been given adequate cyber security training for...

Thursday, August 13, 2020

Artificial intelligence (AI) is touted as the best defense against increasingly complicated cyber attacks. Aside from governments and a few leading companies, its use has been slow to catch on. Unfortunately, AI is now used by...

Thursday, August 13, 2020

In today's cyber world, organizations have to manage cloud computing, data analytics and remote working. They have to deal with complex privacy regulations and sophisticated cyber attacks. Maintaining security and regulatory compliance...

Wednesday, August 5, 2020

It has been said that we are living in the Fourth Industrial Revolution. It has been described as a fusion of technologies that blurs the lines between physical, digital and biological. It is marked by developments in artificial...

Tuesday, August 4, 2020

As reported on the Cyber Security Intelligence website, police worldwide are using "Big Data" to predict crime and analyze criminal methods. Using artificial intelligence and machine learning, data is mined for information that can...

Monday, August 3, 2020

Cloud security specialist Orca Security has released a report on the state of cloud security in 2020. As reported on the Cyber Security Intelligence website, 77% of organizations have 10% or more of their internal workload either...

Monday, August 3, 2020

The Cyber Security Intelligence website reports there have been a number of recent predictions that the largest cyber attack in history will happen soon. The COVID-19 pandemic has resulted in a large number of hacks, and a shift back...

Wednesday, July 29, 2020

A Locke Lord Quick Study begins "16 July 2020 will go down in data protection history". It continues "On that day, the EU Court's decision in Schrems II dealt international data transfer a mighty blow. The EU-US Privacy Shield...

Wednesday, July 29, 2020

A proposal for restructuring workers compensation has been posted on LinkedIn by James Ellis, a self-described "student of humanizing injury recovery support, workers compensation & well-being". His ideas are similar o those advocated...

Tuesday, July 28, 2020

A halock.com blog discusses the use of contact tracing apps to track individuals exposed to coronavirus. On the one side is the advantage of increased knowledge. On the other is the issue of invasion of privacy. About 79% of Americans...

Tuesday, July 28, 2020

COVID-19 has fundamentally changed the way we live and work. After pressure on healthcare systems and adapting to a socially distant environment, the biggest challenge is defending businesses against cyber attack when many of us are...

Monday, July 27, 2020

Facebook has agreed to settle a class action suit for alleged violations of the Illinois Biometric Information Privacy Act (BIPA) for $650 million, after a California district court had rejected an earlier settlement of $550 million....

Monday, July 27, 2020

2020 is little more than half over, and security vulnerabilities have made almost as many headlines as COVID-19. Cyber attackers have taken advantage of working remotely and the need and desire for pandemic information. As posted on...

Friday, July 24, 2020

A post on the Cyber Security Intelligence website "Cyber Warfare, Intelligence & Malware" describes how digital disruption is changing espionage and intelligence collection. Instead of the secret agents we've seen in movies and...

Thursday, July 23, 2020

According to employment law firm Fisher Phillips LLC, as reported on the plrisk.com blog, 283 federal and state COVID related cases were filed in June, 41 of which were class action suits. 63 were pandemic-related discrimination claims...

Thursday, July 23, 2020

As posted by Skyscraper Insurance community associations such as condominiums and homeowners associations are vulnerable to crime. Like small and medium sized businesses, they have data cyber criminals seek but not the resources for...

Wednesday, July 22, 2020

Transportation may not seem like an industry with a large cyber exposure. However, as shown in an online report from AmWINS Group there are critical internal and external networks that transportation and logistics companies rely on....

Monday, July 20, 2020

Even during a pandemic, new businesses are being formed. Many of them may be operating primarily or totally online. These new firms should not let preoccupation with hiring staff and developing product cause them to neglect cyber...

Thursday, July 16, 2020

The coronavirus shutdown was a blessing to Zoom. Their subscriber base went from 10 million in December 2019 to 300 million in April 2020. Then the problems began: negative headlines about privacy and security, "Zoom bombings", bans by...

Thursday, July 16, 2020

VMWare a software innovator has released a cybersecurity threat survey report on the United Kingdom. The report on carbonblack.com found, based on responses from 251 executives: 98% said attack volumes had increased in the last twelve...

Thursday, July 16, 2020

According to Cyber Security Intelligence, an audit Facebook commissioned of its civil rights record found "serious setbacks" in how the network deals with hate speech, misinformation (also known as fake news) and bias. The audit was...

Thursday, July 16, 2020

Computer expert Elizabeth Wu recently posted four questions on LinkedIn to ask about your Cyber policy's coverage after a ransomware attack. To be sure the policy conditions have not been breached, ask these questions: What security...

Monday, July 13, 2020

Historically speaking, workers compensation has covered occupational diseases but not "ordinary diseases of life" not confined to the workplace. That has been changing, and COVID-19 has accelerated the process. as described in a number...

Wednesday, July 8, 2020

Privacy and cybersecurity litigation is increasing and is likely to escalate. A recent study by the Locke Lord law firm identified seven key issues to consider in a lawsuit. Standing to sue: plaintiffs need to show actual damages or...

Wednesday, July 8, 2020

In its June 2020 issue Best's Review had a special section on COVID-19's effect on the insurance industry. We must recognize that this is an ongoing event and the views expressed may seem outdated six months from now; nevertheless it...

Friday, June 19, 2020

Mobile phones are part of everyday life for many people. Smartphones include multiple microphones and cameras to absorb and transmit audio and video. These tools have many uses, but they are also useful for people who do not have your...

Thursday, June 18, 2020

While we are focused on coronavirus, reinsurer Swiss Re's Systematic Observations of Notions Associated with Risk (SONAR) has published its annual list of emerging risks. Of the 14 risks, eight are considered short term and six long...

Wednesday, June 17, 2020

A recent post on the CRWE World website (crweworld.com) "What Should Insurers Focus on Post-COVID-19?" while superficial and lacking specifics did provide food for thought on what insurers should learn from this pandemic.

Tuesday, June 16, 2020

While the primary focus in returning to the workplace has been physical safety and wellness, employee mental health and emotional well-being need attention. Sheltering in place for weeks or months has probably resulted in stress. Work...

Friday, June 12, 2020

In the best of circumstances, adjusting business interruption losses is complicated because they require calculation of what a business would have earned had no loss occurred. The riots growing out of protests over George Floyd's death...

Wednesday, June 3, 2020

In an ABA Journal interview with leading lawyers on the impact of COVID-19, Kenneth Feinberg - noted for administering high profile compensation funds - suggested a National Coronavirus Compensation Fund as an alternative to litigation...

Tuesday, May 26, 2020

Jared Pelissier and Debra Jayroe of the Woodruff Sawyer law firm have posted on the likelihood of an increase in employment claims as businesses reopen after COVID-19 closures. The pandemic has resulted in new laws enacted or proposed...

Friday, May 22, 2020

As reported on the Cyber Security Intelligence website, threat protection firm Sophos commissioned a survey of IT managers early this year. Based on responses by 5,000 managers in 26 countries, this "State of Ransomware" report...

Friday, May 22, 2020

From recent posts on Cyber Security Intelligence website, by security company RiskIQ and business consultant Chester Avey. Over 300,000 suspicious coronavirus websites were created in the two weeks between March 9 and March 23,...

Thursday, May 21, 2020

An article by Christopher J. Boggs in Insurance Journal "Business Income, COVID-19, and Plaintiff Attorneys; They Keep Trying" cites the common reasons, such as need for physical damage and virus exclusion, to explain why most Property...

Thursday, May 21, 2020

As listed in a post by CGA Management (cgamanagement.co.uk; this is British but applies to American companies). Advantages; Reduced travel time and cost. Easier to locate and retain talent. Remote workers have a lower attrition rate...

Thursday, May 21, 2020

Liberty Mutual has a "Workplace Disruption Risk Matrix" with ten factors ranked according to frequency and severity. Their ranking, with some comments: Natural disasters - 14 events totaled $45 billion losses in 2019. Hurricanes and...

Thursday, May 21, 2020

The COVID-19 pandemic has forced many employers to facilitate work from home procedures. As pointed out in a new Locke Lord QuickStudy, the "rush to remote" has put the need to roll out new technology ahead of the need to secure...

Thursday, May 14, 2020

An article by Berkshire Hathaway Specialty Insurance senior counsel Kate Browne and assistant vice president Sean Clifford details seven ways new data privacy regulations will influence how organizations manage cyber risk. Compliance...

Thursday, May 14, 2020

Changes in the economy due to the pandemic are forcing many businesses to re-evaluate their operations. For some this will lead to mergers or acquisitions. As noted by cyber security consulting firm Halock, cyber security is an...

Tuesday, May 12, 2020

In addition to addressing workplace reopening after COVID-19 restrictions are lifted, businesses must address how they will interact with their customers. According to John K. Tiene of management consulting firm Argonne Associates,...

Monday, May 11, 2020

Two experts in the workers compensation field, Kimberly George of Sedgwick and Mark Walls of Safety National provided some thoughts on COVID-19's effect on workers compensation and related issues. Treatment of injured workers is...

Thursday, May 7, 2020

As attention turns to states reopening, more recommendations on how to deal with the "new normal" are coming out. A webinar presented by surplus lines broker ARC Excess and Surplus and law firm Gordon Rees Scully Mansukhani LLC offered...

Tuesday, May 5, 2020

While we have been focused on the COVID-19 pandemic and its effects on cybersecurity (such as increased vulnerability of remote work) there are other trends going on, as listed by Cyber Security Intelligence: Ransomware is an...

Tuesday, May 5, 2020

While it is premature to think the crisis is over (at best, it's the "end of the beginning") and we could see restrictions re-imposed if cases and deaths continue to climb, states are relaxing restrictions and businesses are reopening...

Friday, May 1, 2020

With work from home now the "new normal" for many organizations, maintaining cyber safety as threats increase should be a priority. Here are recommendations from Cyber Security Intelligence: Update laptops with security patches. Ensure...

Thursday, April 30, 2020

With many organizations changing from office based to remote work, maintaining cyber security is vital but harder to enforce. Workers from home are targets for cyber criminals who are trying to penetrate organizations through unsecured...

Wednesday, April 29, 2020

As posted on Cyber Security Intelligence, there is a revolutionary development taking place that will transform computing but at the same time give criminals and hackers more power of disruption. This development is quantum computing....

Tuesday, April 28, 2020

There has been much discussion recently about business interruption insurance, or the lack of it, for the COVID-19 pandemic. Many lawsuits seeking coverage have been filed, and both state legislatures and Congress have had bills...

Tuesday, April 28, 2020

With working and learning from home the "new normal" which will probably continue even after the pandemic, it is important to know the safety rules.

Tuesday, April 28, 2020

Although it seems repetitive, the continuing evolution of cyberscams during the COVID-19 pandemic requires constant updates. As posted by computer security researcher David Balaban on Cyber Security Intelligence here are current...

Friday, April 24, 2020

Since the majority of The Beacon Group's clients are in Pennsylvania, Governor Wolf's reopening process should be primary guidance. For other states and additional recommendations, see the end of this blog for resources. With a target...

Wednesday, April 22, 2020

As we start to discuss how to reopen the economy once COVID-19 infection rates decline, predictions are being made about the "new normal". Here in summary are "7 Predictions for a Post-Coronavirus World" as posted on marker.medium.com,...

Tuesday, April 21, 2020

The results of Accenture's annual State of Cyber Resilience Survey have been posted on Cyber Security Intelligence. 4,644 executives of companies with revenues of over $1 billion from 16 countries worldwide responded. Some of the...

Tuesday, April 21, 2020

In a post on Halock.com, auditor Chris Cronin writes that as insurers try to model cyber risk and brokers try to get the right information from their clients...

Monday, April 20, 2020

As reported on the Cyber Security Intelligence website (www.cybersecurityintelligence.com) there is good news along with the bad. Cyber attacks are up 500% in a month. Taking advantage of panic and chaos caused by COVID-19, hackers are...

Tuesday, April 14, 2020

We are still in the middle of this epidemic, but already many are opining on what our world will look like post-COVID-19. While some have gone into more detail, a post by Andrea (Belk) Olson, MSC "What Will Change Post-Coronavirus"...

Monday, April 13, 2020

As reported in a post by security consulting firm Halock ("Taking Care With Telehealth: Health Care. Cyber Care. Duty of Care" at halock.com), virtual visits to physicians doubled from 14% in 2016 to 28% in 2019 according to the...

Monday, April 13, 2020

On January 16, 2020 the National Institute of Standards and Technology (NIST) released its Privacy Framework. This is not a law or regulation, but a voluntary tool to help organizations manage their privacy risk and comply with...

Monday, April 13, 2020

With the COVID-19 epidemic forcing many businesses into online transactions, what are the risks of electronic contracts and signatures compared to hard copy documents? Law firm Locke Lord recently published a "Quick Study" detailing...

Thursday, April 9, 2020

With the spread of COVID-19, online scammers are taking the advice of "never let a crisis go to waste". As posted on Cyber Security Intelligence, cyber criminals who usually sensationalize the news now are disseminating accurate...

Tuesday, April 7, 2020

Since the COVID-19 crisis began, White and Williams attorney Randy Maniloff has been posting regular updates on his Coverage Opinions website. In an April 5 post he listed four takeaways on the continuing debate over business...

Monday, April 6, 2020

While business interruption claims and attempts to legislate coverage have been getting most of the attention, COVID-19 also impacts other coverages. International broker Marsh reported on evolving implications last month; their...

Thursday, March 26, 2020

The COVID-19 epidemic has forced many companies to close their offices and require employees to work from home. This is a necessary measure to contain the epidemic and save lives. Nevertheless, there is a trade-off - a decreased risk...

Wednesday, March 25, 2020

The Internet of Things (IoT) began in 1982 when a graduate student connected a vending machine to a computer network. Almost 40 years later, there are an estimated 50 billion connected devices according to the SafeOwl. By 2025, there...

Tuesday, March 24, 2020

There has been pressure on insurers to cover business interruption losses due to COVID-19. Many policyholders may believe they have coverage in their Property policies. This may be true for a few broadly written policies, but in most...

Friday, March 20, 2020

According to a new post on the Cyber Security Intelligence website,

Thursday, March 19, 2020

While we are rightly worried about COVID-19 and searching the Internet for updates, there is another pandemic going on - hackers targeting websites to disrupt and spread misinformation. The United States Department of Health and Human...

Thursday, March 19, 2020

To the question "Are Coronavirus claims covered?" the all-purpose short answer is "It depends". Policy wording, specific circumstances and, in the long run, court decisions will be determinant. That said, here are some general thoughts...

Wednesday, March 18, 2020

There is a saying that hard cases make bad law. COVID-19 is a hard case, in the medical and economic if not the legal sense. Now there is a real chance New Jersey will use it to enact a bad law. First, some history. In 2006 the...

Tuesday, March 17, 2020

Small and medium businesses without trained IT staff can find it hard to manage their cyber security. Products and services are becoming more customized, new updates are released and compliance requirements become broader....

Monday, March 16, 2020

According to Cyber Security Intelligence, Allianz's Risk Barometer for 2020 shows cyber incidents as the most important business risk according to 2,718 risk management experts from 102 countries and 22 industry sectors. Business...

Friday, March 13, 2020

In addition to the cost of defending an employment lawsuit (one employee claim could reach $100,000 attorney fees and costs), a suit will cost hours spent in gathering documents and taking witness depositions. Having lawsuits on public...

Wednesday, March 11, 2020

Cyber Security Intelligence reports that cyber crime makes up 50% of all fraud crime (75% in the United Kingdom). The FBI's Internet Crime Complaint Center reports cyber crime totaled $3.5 billion in 2019, with 467,361 complaints. The...

Friday, February 28, 2020

The General Data Protection Regulation (GDPR) has been in force in the European Union since 5/25/18, but according to the Cyber Security Intelligence website almost 30% of businesses are not compliant. Since GDPR applies to...

Wednesday, February 26, 2020

If data breach to a single organization can be catastrophic, imagine what happens when the "organization" is an entire city. "Smart cities" where systems and services are interconnected in a single network are at serious risk of...

Tuesday, February 25, 2020

A recent post by Sean Hollister of NWC Alliance discusses how smart light bulbs can be hacked and why this is more dangerous than letting a hacker turn your lights on and off. By hacking one bulb the hacker can trigger a data overflow...

Tuesday, February 25, 2020

Recent statistics from FaceFirst.com were posted to the Workers Compensation Roundtable LinkedIn group (https://www.workerscompensation.com/news_read.php?id=35004). In 2017 there were 424 violent deaths in retail locations. Violent...

Monday, February 24, 2020

The coronavirus is now infecting cyberspace. According to Cyber Security Intelligence, criminals are using fears about the virus to spread malware.

Wednesday, February 19, 2020

The term "Industrial Revolution" has been with us since the mid-18th century. In the past 250 years we have actually gone through four industrial revolutions. The first started with the steam engine and brought new manufacturing and...

Tuesday, February 18, 2020

A popular definition of insanity is doing the same thing over and over again and expecting different results. One prominent example is rebuilding properties in a flood plain without taking steps to prevent or mitigate future loss. FEMA...

Thursday, February 13, 2020

As posted to peerlyst.com by Chris Roberts: The global average mean time to identify a data breach is 197 days - over six months. The mean time to recover from a data breach is about 70 days or ten weeks. 76% of organizations were...

Wednesday, February 12, 2020

Since the increasingly-popular, regional convenience chain, Wawa, announced a breach of their payment card processing system last December, the story has continued to gain people's attention. Those of us who have probably shopped at...

Tuesday, February 11, 2020

According to the National Safety Council, an American worker is injured on the job every seven seconds. To improve this statistic, Kevin Lombardo of DORN Companies has written about three safety trends in the workplace. The post is at...

Monday, February 10, 2020

Every 39 seconds. That's how often a cyber attack happens. Experts warn that threats are increasing in sophistication, frequency, diversity, scale and scope. Despite all of the publicity about high profile cyber attacks, according to...

Friday, February 7, 2020

It cannot be stressed too often that while cyber attacks on major companies get headlines it is the small and medium enterprises (SMEs) that are most at risk. SMEs are vulnerable for many reasons: Lack of sufficient security in place,...

Thursday, February 6, 2020

A post on the Bank Info Security website goes beyond insurance for ransomware. A ruling by a U. S. District Court judge in Maryland found that damage to a company's computer infrastructure from a ransomware attack was "physical loss or...

Wednesday, February 5, 2020

The coronavirus has been declared a world health emergency. As of February 4 there were over 17,000 confirmed cases mostly in China but spreading to 23 other countries. Besides the cost in illness and death, there are questions...

Friday, January 31, 2020

Businesses depend on third parties for services and technologies, and computer systems are no exception. Almost 80% of businesses use at least one cloud-based application, according to a post by Steve Driz on Peerlyst. Reliance on...

Wednesday, January 29, 2020

Insurance Journal reports that The Bulletin of the Atomic Scientists has reset their "Doomsday Clock" to 100 seconds to midnight. (The post is at https://www.insurancejournal.com/news/national/ 2020/01/23/556256.htm.)

Tuesday, January 28, 2020

According to insurance broker Aon pic's 2019 annual weather, climate and catastrophe report, the economic cost of natural disasters globally was $2.98 trillion between 2010 and 2019. This was $1.19 trillion higher than 2000-2009. The...

Monday, January 27, 2020

Small and mid-size businesses are most likely to be at risk from cyber attacks, as they may lack knowledge or awareness of their risk and cannot afford expert advice. Fortunately, you do not need to be an expert to take basic steps to...

Monday, January 27, 2020

According to a post on the Cyber Security Intelligence website (https://www.cybersecurityintelligence.com/blog/the-scope-of-a-cyber-security-audit-4734.html) most cyber breaches occur because of a false sense of security. A company may...

Friday, January 24, 2020

As Cyber insurance becomes more widespread, insurers are addressing "silent cyber" - traditional policies that do not explicitly exclude cyber risks but were not intended to cover them. Today virtually all General Liability policies...

Thursday, January 23, 2020

As I was stuck in rush hour traffic this morning I thought of a joke: "As I was walking along sad and dejected, a voice said 'Cheer up! Things could be worse'. So I cheered up and sure enough things got worse." If you were dejected by...

Wednesday, January 22, 2020

The first Bitcoin exchange was established in 2010, and the word "blockchain" was first used in the same year. In recognition of the ten year anniversary, the Blockchain Council published a look back at the decade (at https://www...

Tuesday, January 21, 2020

Heading into 2020, Guy Burdick of EHS Management discussed the top issues affecting the workplace. Here are a few that we felt were worth sharing...

Thursday, January 16, 2020

Thoroughly reviewing your Property & Casualty Insurance policies and premiums can be a cumbersome process. But, while a seemingly exhausting obligation inherent to running a business, doing so this year could potentially save you thousands.

Friday, January 10, 2020

With 2019 in the books, now is the time to focus on 2019 ACA Reporting for the IRS. As it stands, the ACA remains intact for 2019 as it relates to employers. So, what does that mean for you as an employer? Here’s what you need to...

Wednesday, January 8, 2020

For some time we have been seeing higher prices and more coverage restrictions to an extent that hasn't happened since the hard market of the 1980s. A recent report by insurance broker USI Insurance Services originally published by...

Friday, January 3, 2020

In addition to protecting computer systems against outside hackers, organizations must also guard against internal security breaches.

Monday, December 30, 2019

According to a LinkedIn post by Steve King, director of cybersecurity services at Information Security Media Group, we can expect a dramatic increase in cybersecurity breaches in the first quarter of 2020. In making this prediction,...

Thursday, December 26, 2019

This is an adaptation of a post by Bleu Azur Consulting (https://bleu-azur-consulting.eu/2019/12/22/an-animal-kingdom-of-disruptive-risks-how-boards-can-oversee-black-swans-gray-rhinos-and-white-elepha...). The post was directed at...

Thursday, December 19, 2019

To readers who were overwhelmed by the multitude of cyber attack news in 2019, be forewarned. According to Amanda Finch, CEO of the Chartered Institute of Information Security, "...the biggest attack of 2020... has almost certainly...

Thursday, December 19, 2019

Insurance companies have noted that ransomware continues to increase in frequency and severity. Ransomware-as-a-service makes it easier from criminals to use, and some are sophisticated enough to hack companies' financial information...

Monday, December 16, 2019

This quote by Allison Cerra, senior vice president and chief marketing officer of cybersecurity firm McAfee stood out in a post on "Creating A Cyber Incident Response Policy" on the Cyber Security Intelligence website. The complete...

Friday, December 13, 2019

You have probably seen variations of this post before, but as long as people fall victim to email scams it bears repeating. As posted by Adams and Reese LLP (https://www.adamsandreese...

Wednesday, December 11, 2019

A recent post by Katie Dwyer on riskandinsurance.com details the trends changing the risk environment today. For businesses it is now a question of when, rather than if, there will be a significant disruption that in a worst case...

Friday, September 20, 2019

Firing an employee, whether or not for cause, is never pleasant. For problem employees, firing may be the only solution but if not done properly can result in an expensive lawsuit. (Violent retaliation by terminated employees is a...

Wednesday, September 4, 2019

In a survey by Morning Consult on behalf of IBM Security (posted at https://www.helpnetsecurity.com/2019/05/24/travel-cyber-risks/) 70% of respondents said they put at least some effort into protecting their digital information while...

Wednesday, September 4, 2019

The data breach at Capital One, while affecting a large number of individuals (100 million in the United States, 6 million in Canada) so far seems to be having limited consequences for consumers. The attack was the work of one...

Friday, July 26, 2019

According to Norman Marks, an authority on corporate governance, risk management and internal audit, how a company makes decisions is at the heart of effective risk management. Whether an organization is large or small, whether...

Monday, June 17, 2019

Acknowledgement: This blog is based on a post by Bill Wilson, https://insurancecommentary.com/how-to-explain-coinsurance-to-clients/. Going back to the 19th Century, most property policies have a requirement that insurance limits be at...

Monday, January 19, 2015

The following is written by Elizabeth Alcamo, CEBS who is a Certified Employee Benefit Specialist at The Beacon Group of Companies. A challenge many employers across all industries face is attracting the right talent. With health care...