Cyber attacks are frequently in the news and have emerged as a huge risk to national security and business. Homeland Security Secretary Michael Chertoff declared recently that cyber risk is one of the nation’s top security issues. It goes beyond cyber liability to protecting one’s privacy through all different platforms.
Cyber attacks are widespread and are costing businesses and governments an enormous amount of money. And, many companies are unprepared to respond to information security breaches because they do not believe they are vulnerable to attack. Most companies have not been trained nor have the tools for basic risk management that must be implemented prior to purchasing cyber risk insurance.
Articles from the Oswald team:
Understanding Important Exclusions in Directors and Officers Liability Insurance
Many Directors and Officers of private companies and non-profit organizations understand the importance of D&O insurance to protect their personal assets, as well as the entity’s balance sheet. Yet, many fail to take the time to understand important exclusions that are embedded in the policy.
Identity Theft | A Costly Crime [INFOGRAPHIC]
Identity theft is a crime. Identity theft and identity fraud are terms used to refer to all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain.
Social Engineering Fraud: Evaluating for Gaps and Overlaps
Cyber Crime is a booming business for criminals. Businesses of all sizes are being targeted for scams that range from tech support scams to phishing attacks and telecommunications fraud.
The Right Direction: Understand the Roles, Responsibilities and Liabilities of Board Participation
Accepting the invitation to join a board of directors for a non-profit organization can be a great honor, but the role also carries many responsibilities.
Cyber Liability: The Download on Ransomware and Social Engineering
Nearly every organization has an exposure to Cyber Liability. The only differentiating factors are severity and where an organization falls from a risk profile.
Cyber Security & Safety from the Oswald Law Firm Practice Team
Cyber Security continues to take center stage in the legal space, with no shortage of news articles and commentary specific to the topic. We’ve amassed several recent and noteworthy resources that we feel can be useful to you in navigating the risks to you and your firm.
Cyber Security: An Evolving Environment; Awareness.Prevention.Protection.
This 30-minute webinar discusses the current and evolving environment of cyber risk and privacy, as well as the cost of a breach for your organization. Learn about cyber risks and liability, the hidden gaps in your insurance programs, and how to protect yourself and your organization.
Watch it on-demand now
Partner Resources and Recommended Articles:
- Do Nonprofit Directors Face Cyber Security Risk?
Eugene Fram, Professor Emeritus, Saunders College of Business, Rochester Institute of Technology
- What pandemics can teach us about protecting the Internet
- Cyber Facts and Frequently Asked Questions
- Consumers Embrace New Technology But Not the Risk, Survey Finds
- The Case of the $1.7 Million Laptop
Risk Management Monitor
- Malware Threats from Unlicensed Software: The Critical First Step for Cyberrisk Management
Risk Management Monitor
- Complicated Compliance: State Data Breach Notification Laws
- 2014 Ponemon Institute & IBM Resources
- IBM Data Breach Risk Calculator
- Verizon Data Breach Investigations Report