9 Important and Surprising Trends in Cyber Security

Posted by Jon Edwards on May 2, 2017 3:58:00 PM

The cyber security world evolves at a breakneck pace. For those not following closely, new developments can be unexpected and downright scary.

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Topics: Cyber Liability, Cyber Risk, Cyber Risk Mitigation, Cyber Security, cyber attacks

Newark, NJ City Computers Struck By Ransomware Attack

Posted by Jon Edwards on Apr 25, 2017 2:06:29 PM

 

Multiple sources reported yesterday that hackers encrypted files on computers belonging to the city of Newark and have demanded $30,000 worth of Bitcoin to restore them.

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Topics: Cyber Breach, Cyber Insurance, Cyber Security, Ransomware, cyber attacks

6 Strategies to Mitigate Cyber Risk in the Healthcare Sector

Posted by Jon Edwards on Apr 18, 2017 1:48:19 PM

 

The healthcare sector is without a doubt one of the most targeted industries for cyber hackers. Different industries have different types and degrees of cyber risk exposure. But hackers and malicious campaigns take aim at the healthcare sector in particular due to the private nature and black market value of the data.

 

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Topics: Cyber Breach, Cyber Liability, Cyber Risk, Healthcare, Healthcare Data Breach, Healthcare Risk Management, cyber attacks

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

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Topics: Cyber Breach, Cyber Insurance, Cyber Liability, Cyber Risk, Cyber Risk Mitigation, cyber attacks

6 Ways to Teach Your Employees to Safeguard Your Data

Posted by Jon Edwards on Mar 21, 2017 1:10:28 PM

This is an actual picture I took in a café of an unattended pile of documents marked “Confidential.” It blew my mind. If only this employee’s C.E.O. or C.O.O. could see this obvious disregard for the material’s confidentiality. Anyone could have grabbed the documents, peaked at the data, or… snapped a photo.

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Topics: Cyber Liability, Cyber Risk, Cyber Risk Mitigation, Data Breach, cyber attacks

6 Cyber Attacks that Caused Property Damage

Posted by Jon Edwards on Mar 14, 2017 12:33:22 PM

You’ve heard of cyber attacks causing customer data breaches, business interruptions, reputation management issues, and public relations nightmares – but what about physical damage?

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Topics: Cyber Insurance, Cyber Risk, cyber attacks

How to Respond to a Cyber Attack: 7 Crucial Steps

Posted by Jon Edwards on Feb 28, 2017 4:29:04 PM

 

In 2015 The Internet Crime Complaint Center received 288,012 complaints of cyber attacks totaling more than $1.07 billion in reported losses. Those numbers are based only on incidents that were reported to the FBI. When we talk about cyber risk, data theft, and the threat of Ransomware, we usually focus on prevention strategies. But being prepared to respond quickly and efficiently when an event does occur is just as important to operations recovery, cost reduction, and reputation management.

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Topics: Cyber Breach, Cyber Insurance, Cyber Liability, Cyber Risk, Cyber Security, cyber attacks

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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