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Home > Blog > Data%20Breach > L Squared Insurance Agency Blog: data breach
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L Squared Insurance Agency Blog: data breach

View the latest blog posts from L Squared Insurance Agency.

Thursday, March 23, 2017

Cyber Liability—2 Major Tech Firms Scammed out of $100 Million by a Phishing Scam

In what the US Attorney’s Office stated should be a “Wake Up call to all companies”, 2 unnamed high tech firms were duped out of over $100 Million by a Lithuanian man.  The Lithuanian man, Evaldas Rimasauskas, is charged in using a phishing e-mail scam to garner the monies from the 2 companies. READ MORE >>

Wednesday, March 22, 2017

Cyber Liability—why you need Cyber Liability Insurance

As the frequency and cost of a Data Breach continues to increase.  Firms need to look more closely at the kinds of insurance that they have and what they need to properly cover a Data Breach or Cyber Incident.  1st firms need to look at the typical policies that almost all firms have. READ MORE >>

Thursday, March 16, 2017

Cyber Liability—Data Breaches Continue at an Accelerated Pace

According to one report, in the 1st 2 months of 2017 13 million people have had personal information compromised.  In February some of the companies that were impacted were the music festival Coachella , the Arby’s restaurant chain, a company that creates stuffed animals CloudPets and the Intercontinental Hotel Group. READ MORE >>

Wednesday, March 15, 2017

Attorney Malpractice-Potential Coverage Gaps between Attorney Malpractice/Cyber Liability Insurance

A few months ago we mentioned a suit Shore v Johnson & Bell (Docket No. 116cv04363) concerning a potential class action suit against the firm for not having security measures up to industry standards and thus not properly protecting client data. READ MORE >>

Wednesday, March 1, 2017

Cyber Liability—Build a Wall!

At one time all you had to do to secure your business was to lock the money in the safe, lock the file cabinets and lock the doors.  A physical wall of protection to secure your business was all you needed.  Those were the good old days, at least that was what we were told. READ MORE >>

Tuesday, February 28, 2017

Cyber Liability—Steps to take after a Data Breach

You can’t undo a data breach once it happens, but you can help mitigate the data breach damage and save your firm’s reputation by responding correctly. Early warning signs of a breached include erratic behavior of computers such as new software suddenly appearing ... READ MORE >>

Friday, February 17, 2017

Cyber Liability--Webinar on 3/16/2017 from 2 to 3 PM EST presented by Medmarc A Proassurance Company

LawyerCare Medmarc A Proassurance Company CyberCare® Coverage: Overview Thursday, March 16, 2017  2:00 to 3:00 PM EST Registration Closed  In this webinar Michael Lamprecht will discuss potential cyber threats facing law firms and suggest solutions available to protect against catastrophic cyber losses. READ MORE >>

Tuesday, February 14, 2017

Cyber Liability—Ransomware Attacks continue to Increase

According to a report by Quartz Media, Ransomware attack frequency steadily increased in 2016 to almost 300 million attacks in the 4th quarter of 2016.  In total the number of Ransomware attacks went from 3.8 million in 2015 to 638.2 million in 2016.  Here are some of the reported recent victims: READ MORE >>

Tuesday, February 7, 2017

Cyber Liability--HR & Payroll Departments Targeted in W2 Scam

Human Resource and payroll departments should be aware of an IRS alert that was released on January 25, 2017 providing information about an email phishing scam making its way across the country.  The scam originated last year, and the goal of the scam is to gain access to personal information contained on employee W-2 forms. READ MORE >>

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Thursday, February 2, 2017

Cyber Liability—The Friday Afternoon Fraud

Cyber Liability—The Friday Afternoon Fraud According to a report out of the UK from the Solicitors Regulation Authority, over 75% of the Cybercrimes reported were from the “The Friday Afternoon Fraud”.  This involves criminals modifying emails directly, usually by hacking into the email system of an individual. READ MORE >>

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