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Financial Services Firms and the Evolving Ransomware Threat

Financial Services Firms and the Evolving Ransomware Threat

May 25, 2022 | Cyber Awareness, Data Security, Financial, Ransomware

As we continue into 2022, ransomware is constantly evolving to test the new limits of cybersecurity. Criminals prefer ransomware for its low overhead costs and high profit margins. As a financial services firm, you must stay on top of your game when preventing...
The Impact of Cybersecurity Risks on Financial Services Firms

The Impact of Cybersecurity Risks on Financial Services Firms

May 19, 2022 | Cyber Awareness, Financial

Cyberattacks nationwide keep growing in the financial industry; 70% of institutions say cybersecurity is now their top concern. On average, 26% of financial institutions fall victim to cyber fraud (Source). What happens if your financial institution is victim to a...
7 Cybersecurity Best Practices Financial Firms Should Adopt

7 Cybersecurity Best Practices Financial Firms Should Adopt

May 19, 2022 | Cyber Awareness, Financial

Last year was a record setting year for cybercrime, with the finance sector being one of the main targets. According to the FBI, the amount paid to ransomware scammers has reached nearly $1 billion annually. Overall, this industry has the second highest number of...
How to Protect Yourself from Smishing (SMS Phishing) Attempts

How to Protect Yourself from Smishing (SMS Phishing) Attempts

May 5, 2022 | Cyber Awareness, Phishing, Smishing

One of the latest cybersecurity threats to be popularized is phishing through SMS, or fraudulent texts. This is also called Smishing. If you’ve ever got an unusual text on your phone, or you’re worried about your employee’s use of their personal phones for work, then...
Why is My Cyber Liability Premium Double What it Used to Be?

Why is My Cyber Liability Premium Double What it Used to Be?

Apr 4, 2022 | Cyber Awareness, Cyber Liability Insurance

Like many new industries, cyber insurance has faced growing pains due to the ever-changing threat landscape. With the rapid increase of ransomware attacks, changing regulations, and the lack of visibility of how clients are protecting their infrastructure, it’s become...
How Can I Reduce the Cost of Cyber Liability Insurance?

How Can I Reduce the Cost of Cyber Liability Insurance?

Mar 27, 2022 | Cyber Awareness, Cyber Liability Insurance

The cyber liability insurance market has soared over the last few years, as a rise in high-cost attacks have driven more companies to offset the potential cost to their organizations. Yet, insurers have adjusted their prices accordingly, with the cost of insurance...
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