Jun 6, 2022 | Cyber Awareness, Data Security, Financial, Ransomware, Uncategorized
The New York Department of Financial Services implemented 23 NYCRR 500 in March of 2017 in an attempt to respond to an increasing risk of cyberattacks in financial institutions. These regulations establish requirements that all financial institutions operating in New...
Jun 6, 2022 | Cyber Awareness, Data Security, Financial, Ransomware, Uncategorized
In 2021, the banking industry saw a 1318% increase in ransomware attacks compared to the previous year. Did you know that there are steps your financial organization can take to better prepare for a ransomware attack? Secure your data and protect the longevity of your...
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...
May 25, 2022 | Cyber Liability Insurance, Financial, Ransomware
Whether you’re a small business or a multi-million dollar institution, you have the risk of encountering a devastating ransomware attack. You might be thinking, “It’s never happened to my organization, I doubt it will happen anytime soon.”. Many organizations make the...
May 5, 2022 | Nonprofit, Ransomware
Non-profits are caught in a bit of a cyber security loop. You have fewer resources to commit to your security, and this vulnerability makes you a more desirable target for criminals. Non-profits have seen a rise in ransomware attacks. This is where a criminal somehow...
Apr 11, 2022 | Cyber Liability Insurance, Ransomware, Save Money, Uncategorized
As ransomware attacks surge, the cost of cyber liability insurance premiums is increasing steadily. In fact, the average premium for cyber insurance increased a stunning 34.3% in the fourth quarter of 2021 (Source). Not only has the price of coverage increased, but...
