Archive For The “Cyber Liability” Category

Cyber Risks & Liabilities: Protecting Against Online Fraud

By | February 27, 2014

While computers have improved the speed and efficiency of how we work, they have also allowed thieves and con artists an easier avenue by which to steal from people and businesses. One of the ways these cyber criminals use computers to steal is through online fraud, one of the fastest-growing crimes today.   Types of […]

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Cyber Risks & Liabilities: Privacy and Cyber Security

By | February 27, 2014

With the enormous amount of sensitive information stored digitally, companies need to take the proper measures to ensure this data is never compromised. Ultimately, it is the responsibility of business owners to protect their clients’ data. Failing to do so can result in a data breach, which costs companies billions of dollars every year. Understanding […]

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Cyber Risks & Liabilities: Four Components of Cyber Risk Management

By | February 27, 2014

If your company stores data and information digitally, you should have a cyber risk management program that addresses prevention, disclosure, crisis management and insurance coverage in the event of a data breach. Good cyber risk management requires the planning and execution of all four of these components.   Develop Strategies to Prevent a Data Breach […]

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Cyber Risks & Liabilities: Lessons from the Target Data Breach

By | February 27, 2014

In late 2013, Target, the large American retailer, was the victim of a massive data breach that affected as many as 110 million customers. Cyber attackers installed malicious software on point-of-sale devices at Target stores and were able to steal the financial information of 40 million customers and the personal information of 70 million. From […]

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Cyber Risks & Liabilities: Responding to a Data Breach

By | January 22, 2014

No company, big or small, is immune to a data breach. Many small employers falsely believe they can elude the attention of a hacker, yet studies have shown the opposite is true. According to Verizon Communication’s 2012 Data Breach Investigations Report, 72 percent of the 855 data breaches analyzed were at companies with 100 or […]

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Cyber Risks & Liabilities: Valuing Your Intangible Assets

By | January 22, 2014

Intangible assets are increasingly important in today’s service-based economy, but being able to identify and value those assets in order to insure them can be difficult.   What Are Intangible Assets? Intangible assets are, at their most basic level, assets that are not physical in nature. Intangible assets include legally protected intellectual property—patents, trademarks, copyrights […]

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Cyber Risks and Liabilities: Privacy and Cyber Security

By | January 22, 2014

With the enormous amount of sensitive information stored digitally, companies need to take the proper measures to ensure this data is never compromised. Ultimately, it is the responsibility of business owners to protect their clients’ data. Failing  to do so can result in a data breach, which costs companies billions of dollars every year. Understanding […]

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Cyber Risks and Liabilities: Understanding and Preventing Data Breaches

By | January 22, 2014

What do the New York State Electric & Gas Co., Global Payments, Inc., the California Department of Child Support Services, Emory Healthcare, Inc. and Apple have in common? All these companies have been victims of a data breach in 2012, totaling millions of stolen records that include personal information such as Social Security numbers, credit […]

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