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Category: Cyber Risk
The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.
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Cyber Risks: Penetration Testing Explained
August 1, 2021
Keeping workplace technology up and running is vital to any organization’s success. While this task seems feasible, it’s growing harder and harder each year as cybercriminals expand their reach. It’s not enough to simply protect workplace technology with software and security protocols. It’s also critical for your organization to test the overall effectiveness of these…
Read MoreRansomware Considerations for Board Members
July 11, 2021
Organizations of all sizes and sectors are facing increased cybersecurity risks. Specifically, ransomware attacks—which leverage malware to compromise a victim’s data and demand them to make a large payment to recover it—have quickly become a rising threat across industry lines. In fact, recent research found that these types of attacks have surged by 150% in…
Read MoreReducing Supply Chain Cyber Exposure
June 13, 2021
Cyberattacks on global supply chains can cause irreparable harm to an organization’s operational, financial and reputational wellness. These incidents can occur even if your organization is practicing proper cybersecurity methods. Instead of attacking your organization directly, these cybercriminals take advantage of vulnerable suppliers or vendors in your organization’s supply chain to wreak havoc on key…
Read MoreDouble Extortion Ransomware Attacks
April 29, 2021
In recent years, ransomware attacks have steadily been on the rise. These incidents—which entail cybercriminals compromising a device or server and demanding a large payment be made before restoring the technology (as well as any data stored on it) for the victim—are one of the most damaging cyberattack methods, incurring an average of $1 million…
Read MoreWhat is Multi-Factor Authentication and Why Do I Need It?
April 15, 2021
What is Multi-Factor Authentication (MFA)? Multi-factor Authentication (MFA) is an authentication method that requires the user to provide two or more verification factors to log in to an account. These factors could be a password, login code received via SMS text message or email and an authentication app on your phone. MFA is used to…
Read MoreHow to Prevent a Malware Attack
February 25, 2021
Malware is a form of malicious software that cybercriminals deploy via unsafe links, downloaded attachments or other virus-ridden programs with the intention of disrupting normal computing operations, collecting sensitive information and controlling your organization’s technology system resources. Malware programs are being produced at an alarming rate and are consistently changing in form and purpose, making…
Read MoreThe Importance of Promoting Strong Passwords
February 9, 2021
Cyberattack methods continue to grow and evolve over time. One specific tactic that cybercriminals frequently utilize is hacking victims’ accounts or devices by cracking their passwords. This tactic is often all too easy for cybercriminals when their targets fail to create strong enough passwords to ward off password-cracking technology or—in some cases—simple guesses. Nevertheless, cybersecurity…
Read MoreTop Cybersecurity Takeaways From 2020
February 2, 2021
According to a recent report from the Information Systems Audit and Control Association (ISACA), cyberattacks currently reign as the fastest growing form of crime. In addition to security and reputational repercussions, these attacks can often cause significant financial disruption—with global cybercrime costs estimated to reach a startling $6 trillion during 2021. No organizations are immune…
Read MoreCyber Liability Trends for 2021
December 3, 2020
In 2020, the COVID-19 pandemic forced many businesses to send employees home to perform their jobs. Cybercriminals have found this new remote workforce a tempting target, unleashing phishing, malware and ransomware attacks. These threats exploit the weaknesses of many businesses’ cybersecurity systems. In 2021, businesses will see a continuation of these attacks and new, emerging…
Read MoreCybersecurity Tips for Online Shopping During the Holidays – Infographic
November 19, 2020
[Click image below for downloadable PDF version]
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