L Squared Insurance Agency Blog: cyber
View the latest blog posts from L Squared Insurance Agency.
Monday, March 27, 2023 Greenwich Insurance Attorney Malpractice policy can provide cyber insurance coverage for an additional cost. If the insured chooses not to pay the for the cyber suite endorsement the endorsement the attorney malpractice policy has an absolute cyber exclusion endorsement attached. READ MORE >>
Thursday, March 23, 2023 When it comes to law firm cybersecurity, “trust, but verify” is a good approach. But a “zero trust” mindset is even better. The term “zero trust” – also called zero trust architecture, zero trust network access, or perimeter less security – has been bouncing around the IT world since the 1990s. READ MORE >>
Tuesday, March 21, 2023 Certain insurers include additional beneficial coverages. ProAssurance adds on in states where permitted a Cyber Risk Endorsement. The base cyber endorsement adds $25,000 in coverage for certain cyber events. Given the increased frequency of data breaches and cyber-attacks cyber insurance is an essential coverage. READ MORE >>
Monday, March 6, 2023 As with many of you, often receiving emails telling me that my membership is being renewed. Ever had a Geek Squad Membership? I never did. Not sure why the Geek Squad needs to use a Gmail Account to send out notices (<yusufmukhtargrk@gmail.com> ) READ MORE >>
Monday, February 27, 2023 The following email was sent to our payroll department purportedly from a current employee: I WANT TO AMEND MY PAYROLL INFORMATION From: Employee Name oshjhlkjjh5@gmail.com To: Payroll Hello good day, I have recently had problem with my current bank, can you update my payroll direct deposit information ? READ MORE >>
Monday, February 27, 2023With businesses of all sizes and across all sectors becoming more dependent on technology and online solutions, it’s essential to understand the considerable risks and exposures that come with such changes. While technological advancement can make specific tasks and projects easier, businesses may also become more susceptible to cyber crime. READ MORE >>
Wednesday, February 22, 2023 1. “Cyber is already covered by other lines of insurance…” Cyber cover in traditional lines of insurance often falls very short of the cover found in a standalone cyber policy. While there maybe elements of cyber cover existing within traditional insurance policies, it tends to be only partial cover at best. READ MORE >>
Tuesday, February 21, 2023 Cyber Insurance has become a necessity in the modern business landscape as cyber crime continues to increase in number and sophistication. The average cost of a data breach in the United States currently amounts to $9.44 million. According to industry data, the global cost of cyber crime is expected to rise by $23. READ MORE >>
Tuesday, February 7, 2023 Law firms safeguard their clients from legal peril. But they themselves face enormous cyber risks. According to the 2021 ABA survey one in four law firms have been breached at some point. The amount of data and money with which legal practices deal make them irresistible targets for threat actors. READ MORE >>
Thursday, January 26, 2023 Cyber Insurance Coverages to Look For First-party coverages cover you (the insured) for these costs: IT Forensics Determining exactly how a computer system was breached and what data was accessed, viewed, or copied. Notification READ MORE >>
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