Home | Print Page | Contact Us | Sign In | Register
Weekly Industry News
Blog Home All Blogs
Search all posts for:   

 

View all (1671) posts »
 

Special Report: The PIA, Cyber Risk, Cyber Concerns

Posted By Administration, Tuesday, January 23, 2018

Every week as we go through our news sources, the Weekly Industry News staff runs across a half-a-dozen or more stories on cyber concerns, cyber insurance, cyber attacks and so on.

At the end of this story are a list of links of stories we’ve found in the last couple of weeks about cyber risks, cyber insurance, cyber attacks and more. We urge you to open them and become more educated on the topic.

What we do know after all of our research in the matter is that the topic has evolved into one of the most important of the last five-years and the concern is growing. It has also gotten the attention of PIA National who is — on your behalf — acting to help you respond to this growing crisis.

Cyber 101 is a new educational resource created by PIA and The PIA Partnership to help educate PIA members and their clients about the seven most common cyber risks faced by small and mid-sized businesses. It also looks at the business practices and insurance coverages that can reduce those risks.

This month the PIA and ABA Insurance Services, Inc. (ABAIS) are going to focus on extortion/ransomware. Register today for a complimentary PIA member webinar about extortion/ransomware on January 30, 2018 at 2:00 p.m. ET.

Click here to register.

 

In the near future — and in addition to extortion and ransomware — PIA National and the PIA Partnership will have webinars that focus on:

  Social engineering

  Business interruption

  Data breach/privacy

  Network security

  Website media liability

 

Nicole Carter is the manager of agent/broker relations for Liberty Mutual. She is also the chair of the PIA Partnership. Carter said, “Agents and carriers have tiptoed into the cyber arena for a number of years. The age of wading slowly is over. Agents need the same level of expertise and competence about cyber that they have with other areas of risk and insurance. Their clients increasingly expect it. Our hope is that by elevating this resource, we can create a greater sense of urgency, a call to action to ‘insure yourself, then educate and protect your customers,’” she said.

ABAIS Senior Product Manager David Rupnow agrees. He said, “Many small and mid-sized business owners and operators do not understand the many ways that their businesses can suffer a cyber-related loss. Because so many people are affected by the data breaches at very large companies, news reports often focus on these events. However, our experience shows us that small businesses are also at risk, and not just from data breaches.”

Carter added that the biggest cyber threat is complacency. “Cyber 101 is designed to get the message out to agents, brokers and everyone. The Cyber threat is real, it’s growing, and everyone needs to ensure that they are protecting themselves appropriately.”

Here are links to cyber stories from a number of sources. These links will provide you with a three-dimensional view of the seriousness of this growing crisis. Click the name of the publication to access the information:

Ransomeware

Insurance Business America

Meltdown and Spectre

Insurance Business America

Security Flaws Intel, Advanced Micro Devices, etc. Two links

Insurance Journal

PropertyCasualty360.com

Six Ways Cyber Security Changed in 2017

PropertyCasualty360.com

Six Ways Cybersecurity will Impact Insurers this Year

PropertyCasualty360.com

NAIC Cybersecurity Model Law

PropertyCasualty360.com

Protecting Yourself and Your Company

PropertyCasualty360.com

Again, you can — and should register today or soon —  for a complimentary PIA member webinar about extortion/ransomware. It is January 30, 2018 at 2:00 p.m. ET. That is 11 a.m. for most of you.

Click here to register.

Tags:  Cyber Concerns  Cyber Risk  Insurance Content  Insurance Industry  Insurance News  Special Report: The PIA  Weekly Industry News 

Share |
Permalink | Comments (0)
 

A special thank you to our KKlub Members for their support.