Increased cyber claims have necessitated the insurance carriers to scrutinize cybersecurity controls with an increasingly rigorous underwriting process. We are seeing premium increases 60 percent to 100+ percent. As insurance carriers focus on controls, cyber hygiene is crucial to securing cyber liability insurance coverage, and Multi-Factor Authentication (MFA) is essential.…
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WATCH FULL WEBCAST Cyber incidents continue to create significant issues for companies across the country. Whether it is an interruption in operations, reputational fallout, or the looming cost of liability resulting from an incident, the ramifications of these matters continue to evolve. Watch here for a discussion with a panel…
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As more and more businesses integrate technology into their operations, a growing threat comes in the form of cybersecurity risks. The agriculture business industry is not immune and a cybersecurity claim could be catastrophic to your company. Most insurance policies cover a physical interruption to your business operations, such as…
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CLEVELAND – May 10, 2021 – Lacy Rex, Cyber Strategic Leader, Oswald Companies, has been recognized as a 2021 Business Insurance Break Out Awards Winner honoree, in an annual listing that highlights the next generation of promising insurance industry leaders across the United States. According to the award release, the…
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WATCH FULL WEBCAST Large-scale cyber-attacks continue to take down businesses large and small. What are you doing to protect and manage the cybersecurity risk exposure of your business in the event of a cyber-attack in accordance with new government guidelines? During this free, 45-minute webinar, cyber professionals from Rea &…
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WATCH FULL WEBCAST (Password: cyber2021!) The average cost of a data breach in the United States in 2020 was $8.64 million. Considering the costs associated, it’s much more affordable to take the proper precautions to protect your network and data; a good cyber liability policy combined with next generation technology…
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It’s more important than ever to purchase cyber liability insurance and consider increasing your limits. The cyber insurance market is changing rapidly in response to an alarming increase in high-profile ransomware and vendor incidents. According to the Coveware Quarterly Ransomware Report, more than 70 percent of victims were companies with…
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The current climate has created an ideal “phishing season” for cybercriminals. They don’t need a license or a tackle box to try to take advantage of many people’s natural trusting nature. Exploiting this trust is easier than hacking your software, so trickery attempts have become commonplace. Bad actors prey on…
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WATCH FULL WEBCAST (Password: Cyber2021!) Watch as Oswald’s Cyber Strategic Leader, Lacy Rex, and Oswald’s Cyber Claims Consultant, Lisa Pape, discuss the current state of the cyber insurance market. During this 30-minute session, they reviewed the shifting cyber liability landscape, and its effect on the cyber liability insurance market. Key topics…
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Today’s work environment has never been more ideal for the cybercriminal. Most of us are working from home via the internet. We’re also buying more—even household essentials—online. Cyber insurance is one means of protecting yourself from an unwanted event but, unfortunately, it can’t prevent a cybersecurity breach. As the number…
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