Whether it’s the result of an actively malicious action or an honest mistake, it is possible that every business will at some point have to deal with a lawsuit as a result of its business actions. In order to prevent a claim from causing devastating financial and reputational failure, every business should have the right insurance coverage. While there are two main policies that cover claims of negligence or improper conduct leading to losses—directors and officers (D&O) and errors and omissions (E&O) insurance—they are absolutely not interchangeable with..
By Drew M. Smith
When Equifax was breached last year, many people were rightfully furious. 145 million social security numbers, mailing addresses and even driver’s licenses were compromised. The fact that it took months for the company to report the breach caused considerable outcry and forced top officials in the company to resign. In addition, Congress opened an investigation into the breaches and how they got this far.
Now, new reports are suggesting the breach was much worse than reported. In addition to the above information stolen, hackers found tax ids, email addresses, driver’s..
Cyber security is something that every company must participate in. Exploitation occurs in every size business and every industry, and without the right Privacy and Network Security Insurance and safeguards, your clients can easily suffer a devastating breach. In this article, we’ll explore some major indicators that your clients have experienced a cyber-attack and how they can handle the situation swiftly to prevent further damage.
Hoax antivirus messages.
These are relatively common. Hackers send fake antivirus warning messages to users claiming there are..
Traditional ways of operating a law firm are becoming more and more dated. As the workforce is increasingly made up of millennials, the days of working a strict 9 to 5 with rigid policies are coming to an end. If your clients have not gotten on board and adapted one or any of these policies, chances are, they’re already falling behind. In this post, we’ll explore some of the needs of millennials and how big law firms can adjust to current..
The homebuying traditions set forth by baby boomers are becoming less and less popular. While putting 20 percent down on a home is ideal, millennials don’t have that kind of money laying around. Instead of foregoing home ownership altogether, a new report suggests that these individuals are changing the home buying landscape. In fact, less than half (39 percent) of millennials submit offers with the recommended 20 percent down payment. Twenty-one percent put down the minimum: 5 percent or less, says the..
PL Risk Advisors, Inc. will be presenting a complimentary webinar focusing on vendor breaches titled The Vendor Breach - Cyber Liability Among Business Partners. It will take place on Tuesday, October 3rd, at 2PM EST. Details can be found below.
The discussion will include:
- Behind the scenes of vendor breaches; what really happens
- Vendor Breach Multiplied - How to handle duplicate notification requirements
stemming from the breach of one vendor
- What contractual pitfalls to avoid and what to negotiate contractually, pre
and post breach
- What cyber policy terms and conditions to be aware of when evaluating
Posted:September 26, 2017
Managing the small details while still working toward the greater goal of marketing multiple commercial properties can be a challenge. While commercial real estate might have a different feel than residential sales, it’s important to remember these key factors when marketing commercial business. In addition to sharing this information with your clients, protect their operation from front to back with a Commercial Real Estate Professional Liability Insurance policy.
Focus on interpersonal relationships.
Technology might streamline processes, but the backbone to any..
Posted:September 25, 2017
As cell phones and tablets become more complex and capable, so does the threat of them being hacked. With the right equipment, hackers can gain full control and install malware on a phone within 30 seconds. Most employees not only use their phones regularly for work, they rely on them. Therefore, in addition to protecting the operation with a Privacy and Network Security Insurance, share the following information regarding cyber threats and portable devices with your clients.
Posted:August 11, 2017
By Drew M. Smith
PL Risk Advisors, Inc. of Franklin Lakes, NJ recently announced the creation of a cyber resource hotline for all of its clients. The significant increase in cyber threats and cyber risks has created the need for additional resources for our clients. The company has partnered with Mullen Coughlin, one of the country’s most respected cyber law firms, to field questions from PL Risk clients. The use of this hotline is free of charge to clients of PL Risk and includes a one-time brief consultation to assist clients in identifying..
Posted:July 25, 2017
The truth is, businesses aren’t quick enough at identifying cyber-attacks. Sophisticated hackers are devising more and more ways to compromise business networks, steal confidential information, and wreak digital havoc. In this article, we’ll explore the red flags that could indicate a potential breach. In addition, prepare your clients with a comprehensive Privacy and Network Security Insurance program, as it is their first line of defense.
Password activity issues.
If an employee is randomly locked out of some accounts, or their passwords indicate there..
Posted:July 21, 2017
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