Jon Edwards

Recent Posts

The Unknowns of IT

Posted by Jon Edwards on Jul 17, 2020 12:31:00 PM

 

Most CEOs or CFOs are probably not Cyber Security experts, but are entrusted to ensure the company runs efficiently and profitably. In today’s business IOT world, having a safe and secure network is a large part of keeping the business operational. This includes ensuring that all cyber related risks are minimized as much as the budget will allow. Cyber related issues that threaten the company’s income are scary for sure, but perhaps the most frightening aspect of keeping your network and data secure are the “unknowns” of IT.

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Topics: Cyber Risk

4 Cyber Security Tips for Businesses with Remote Workers

Posted by Jon Edwards on Apr 7, 2020 12:36:39 PM

Most companies have been forced to quickly implement a remote work solution that suited essential employees or even the entire firm’s staff. This has exposed many companies network to new risks as everyone has a different set up at home. Some are using MACs, some using PCs, some have outdated operating systems and software while others are already infected with viruses or malware. 

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Topics: Cyber Risk

Threats to Consider When Crafting a Social Media Risk Mitigation Plan

Posted by Jon Edwards on Feb 10, 2020 3:13:10 PM

 

Over the last decade, social media has quickly become a prominent way for businesses to advertise, communicate, and educate. On the flip side, it can be a huge risk for those businesses that cannot keep up with the ever changing tools and trends in privacy, security, and marketing. We often see businesses and even public figures falling prey to social engineering scams, ransomware, hacking, and a multitude of other cyber risks. Luckily, with some planning and diligence, mitigating these risks can be quite simple. Below are examples of some threats as well as solutions you can implement now that will help protect your business from some of the most prevalent social media threats.  

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Topics: Risk Management

Are Your Construction Projects at Risk Because of Cyber Exposures?

Posted by Jon Edwards on Apr 30, 2019 11:30:44 AM

The construction industry is changing rapidly and more and more projects are relying on emerging technologies for management and completion. There are now major cyber related concerns regarding “smart” equipment such as cranes and drones and SAAS/IAAS systems used for project planning and management. ‘Connected’ systems utilized by third-parties (general contractors and subcontractors) to share and centralize sensitive data may also expose a project to cyber risks.

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Topics: Construction and Development

Client Success Story: Real Estate Investor/Lender – Insurance Compliance

Posted by Jon Edwards on Jul 12, 2017 10:53:08 AM

Situation

A NY-based organization (acting as tax syndicator) with over 350 properties engaged us to review and modify the lender requirements and to ensure insurance compliance with the requirements from the various parties involved in a deal

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Topics: Compliance

4 Ways to Evaluate and Mitigate Your Company's Cyber Risk

Posted by Jon Edwards on Mar 28, 2017 9:53:44 AM

Globalization and dependence on the internet for data storage over the past decade has exposed companies to a whole new set of risks. As this trend continues, so too does the risk associated with breaches of domestic or international servers. Massive data breaches happen with alarming frequency. In the past few years, there have been several high profile attacks affecting companies like:

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Topics: Cyber Risk

Reviewing Cyber Breach Insurance Coverage | First-Party Costs

Posted by Jon Edwards on Jan 31, 2017 6:02:18 PM

Organizations today must regard cyber breaches not as a possibility, but as an inevitable fact of life. In this environment, it’s crucial to have a cyber liability insurance policy that adequately covers the potential loss and offers payment or reimbursement for response costs. Understanding what’s covered by the policy well before a breach occurs and building that knowledge into your company’s incident response plan is critical.

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Topics: Cyber Risk

Cyber Coverage – What’s Missing in Your Policy?

Posted by Jon Edwards on Jun 28, 2016 11:03:47 AM

In several of my most recent “Cyber Tuesday” posts, I’ve discussed the importance of developing a comprehensive cyber risk mitigation strategy which includes IT security measures, well thought out incident response, business continuity documentation and cyber insurance. A recent ransomware event at the University of Calgary shifted the focus to the cyber insurance.

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Topics: Cyber Risk

The ALS Group

Risk Management Blog

We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe. 

Our areas of expertise include:

  • Enterprise Risk Management (ERM)
  • Cyber Security & Cyber Liability Insurance
  • Construction Management
  • Customized Risk Management Assessments (RMAs)

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