Marsh Study & Cyber Risk Prediction for SMBs
April 7, 2023
Marsh McLennan, together with Guy Carpenter and the cooperation of numerous cybersecurity solution firms, has recently published a fascinating study Using Data to Prioritize Cybersecurity Investments. This is a very useful study to help identify the specific solutions most useful to protect an organization, as well as to model cyber...
Cyber Risk Assessments Don’t Have to Be Like a Root Canal
October 18, 2022
Cyber-Risk Assessments Don’t Have to Be Like a Root Canal If you’re like most business owners, a cyber-risk assessment isn’t at the top of your to-do list. In fact, you may think it’s like a root canal — a painful process you’d rather avoid. Unfortunately, many cyber-consulting firms make these...
Proactive Agents Employ Cyber-Risk Assessments to Write More Business
July 29, 2022
Proactive Agents Employ Cyber-Risk Assessments to Write More Business A recent survey found that 82% of global insurers expect rises in cyber premiums to continue for 2 years, due to their inability to accurately understand a customer’s security posture. 87% of insurers "want a consistent approach to analyzing cyber risk,...
July 11, 2022
A Lesson from Ben Franklin on Cyber-Protection Ben Franklin is famous for pithy wisdom, and one of his most famous sayings is: “An ounce of prevention is worth a pound of cure.” In colonial America, the biggest threat to life and property, aside from disease, was the risk of fire,...
May 26, 2022
When does MFA require F2A? It's tough to find a cyber insurer today who does not require their insureds to deploy multi-factor authentication (aka MFA) across their organization. It’s a fairly well-understood concept to most agents that it's now a “No-MFA, No Play” game, and the absence of a positive...
Business Owners Remain Overconfident About Cyber Threats
October 22, 2021
There is an issue we have seen time and time again - business owners do not understand or appreciate their cyber risk and they remain overconfident about their ransomware risks. According to a recent article citing an Embroker report published in Carrier Management, business owners remain” vastly overconfident about both...
Property Casualty 360: TEKRiSQ’s 5 Myths About Insuring Cyber Risks
October 8, 2021
Do you know these five myths about insuring cyber risks? By Dean Mechlowitz | October 07, 2021 at 12:00 AM Independent agents and brokers serving small and medium-sized businesses (SMBs) must keep up with twists and turns in cyber risk and cyber insurance. If they don’t, their clients and prospects can turn to “do it yourself”...
August 17, 2021
AI v IA: Which Serves the Needs of Cyber Insurance Now? Artificial Intelligence (AI) has the potential to impact every industry, and numerous InsurTech startups want to solve industry problems with it. These are ambitious goals that can be very effective with mature volumes of industry data. AI applications are...
RED ALERT: Doing Business in CALIFORNIA? CCPA is Here to Stay
April 30, 2021
Bill Haber | CO-Founder Having recently returned from a trip The Golden State, there is so much to admire about its beauty, weather, and innovative leadership. There are also some well-known tradeoffs that Californians are discussing with increased frequency. We know its residents are well-accustomed to life in a state...
