5 Common Cybersecurity Mistakes and How to Avoid Them
All organizations, regardless of their size or industry, are at risk of being targeted by cybercriminals. These malicious actors can conduct cyberattacks, leading to significant financial, operational and reputational damage that can be difficult or impossible to recover from. Fortunately, solid cyber hygiene practices can reduce the likelihood of data breaches and other cyber incidents from occurring, and many of these practices are relatively low-cost and easy to implement.
Cybersecurity in Benefits & Retirement Accounts: Protecting Savings from Fraud
As cyber threats continue to evolve, retirement accounts and employee benefits data have become prime targets for cybercriminals. With trillions of dollars invested in 401(k) plans, pensions, and employer-sponsored benefits, companies are strengthening security measures to safeguard sensitive financial information from fraud and unauthorized access.
Navigating Cybersecurity Challenges in the Construction Industry
The construction industry is continuously moving toward digitization, adopting advanced technology such as artificial intelligence, the Internet of Things (IoT) and Building Information Modeling software. These innovations help to automate tasks, reduce waste and improve efficiency, productivity and safety.
Cyber Case Study: Hack at Steel Mill Causes Physical Damage
 In late 2014, the German Federal Office for Information Security (BSI) released a report detailing a disruptive cyber attack at an unnamed steel mill facility. The attack—which was deployed through a combination of social engineering tactics and malware— compromised several of the steel mill’s industrial control components. From there, equipment breakdowns and production outages ensued, resulting in extensive property destruction.
Navigating Cybersecurity Challenges in the Healthcare Industry
Healthcare providers have been increasingly utilizing technology and turning to digitization. Innovations such as telehealth, artificial intelligence (AI), digital billing systems and connected devices continue to reshape the industry.
Cyber Case Study: Colonial Pipeline Ransomware Attack
In the spring of 2021, hackers initiated a ransomware attack against Colonial Pipeline—the largest refined oil products pipeline in the United States.
Cyberbullying: Prevention and Response
As technology becomes more embedded in students' daily lives, cyberbullying continues to be a growing threat to student mental health and school safety. Unlike traditional bullying, cyberbullying follows students beyond the classroom and into their homes, making it more difficult to escape—and more important than ever to address.
Change Healthcare Cyberattack Causes Disruptions
On Feb. 21, 2024, Change Healthcare, a subsidiary of UnitedHealth Group (UHG) and one of the largest platforms for managing health insurance billing and payments in the United States, experienced a large-scale cyberattack. This attack forced the company to shut down over 100 services across its system for multiple weeks, affecting millions of health care providers and patients across the country.
Holiday Shopping Online? Remember These Cybersecurity Tips
Online shopping has made it easier than ever to peruse the wares of various businesses and vendors from the comfort of your own home as you search for the perfect gifts this holiday season. However, conducting transactions over the internet always involves inherent risks, as cybercriminals may be lying in wait.
The Role of Coinsurance and Sublimits in Cyber Insurance
Cybercriminals increasingly use sophisticated methods to infiltrate businesses’ computer systems and networks, putting sensitive data and personally identifiable information at risk. With cyberthreats evolving in scope and complexity, businesses of all sizes and industries face potentially devastating financial and reputational damages.
Cyber Case Study: Change Healthcare Cyberattack
In February 2024, hackers initiated a cyberattack against Change Healthcare, a leading health claims processing provider in North America that processes approximately 15 billion health care transactions annually.
Cybersecurity Updates: Staying Ahead of Threats
With cyberattacks on the rise, it's more important than ever for organizations to stay proactive about cybersecurity and its threats. A well-rounded approach combines strong preventative measures with comprehensive cyber insurance.
The Value of Cyber Insurance
As cyberattacks become more frequent and costly, it’s crucial for organizations to maximize their financial protection against related losses by purchasing sufficient insurance. Cyber coverage, also known as cyber liability insurance, can help organizations pay for a range of expenses that may result from cyber incidents—including (but not limited to) data breaches,ransomware attacks and phishing scams.
Reducing Reputational Risks With Cyber Incident Response Planning
In recent years, cyber incidents have surged in both cost and frequency. That’s why it’s vital for businesses of all sizes and sectors to understand their digital exposures and take steps to minimize damages that may result from cyber incidents. In particular, businesses should consider their reputational risks.
Cybersecurity for Medical Devices and Hospital Networks
Many medical devices contain configurable embedded computer systems that can be vulnerable to cyber security breaches. In addition, as medical devices are increasingly interconnected via the Internet, hospital networks, other medical devices or smartphones, there is an increased risk of cybersecurity breaches, which could affect how a medical device operates.
CrowdStrike, the Most Important Cyber Accumulation Loss Event Since NotPetya, Highlights Single Points of Failure
In what is being called “the most important cyber accumulation loss event since NotPetya,” the July 19, 2024, global technology outage (CrowdStrike) will produce scores of insurance claims across a range of policies, test cyber policy wordings,and sharpen the industry’s focus on single points of failure.