L Squared Insurance Agency Blog: data breach
View the latest blog posts from L Squared Insurance Agency.
Tuesday, September 6, 2016Since it appears that spam season is getting back into full gear. Here is another message that could drain your bank accounts should you decide to get involved. This proposes to aid in committing a number of crimes if it were true, which will make it doubling hard to report the scam to the authorities. READ MORE >>
Tuesday, August 30, 2016Whether it is office supplies, time theft, privileged information or money, employee theft can create a significant cost for firms. According to the U.S. Chamber of Commerce approximately 75% of all employees steal from work in some way, and about 30% of all corporate bankruptcies are a direct result of employee theft. READ MORE >>
Tuesday, August 23, 2016According the link to the attached Wall Street Journal Article, ransomware attacks have quadrupled this year from a year ago. The FBI has stated that the attacks cost victims over $209 Million in the 1st 3 months of this year. Average cost of the attack is around $10,000. http://www.wsj. READ MORE >>
Tuesday, August 16, 2016Travelers Insurance wrote the general Liability insurance policy (CGL) and Chubb wrote the Cyber coverage for PF Chang. Chang had a data breach where 60,000 credit card numbers were stolen. It promptly filed claims with Travelers & Chubb for coverage. READ MORE >>
Friday, July 29, 2016Determining how much Cyber Liability Insurance coverage you need can be difficult. The following Cyber Data Breach Calculator Link asks you to input your firm's risk factors. Once the calculator has this information, it will give you a recommended dollar amount as to your firm's exposure in dollars. READ MORE >>
Thursday, July 28, 2016Travelers Insurance has developed the following “Pressure Test” for your Cyber Risk. In addition to the test questions, it also provides many helpful hints for managing the Cyber Risk. Take the test. Either click on or cut and paste the following link into your browser to see where your firm stands: READ MORE >>
Wednesday, July 6, 2016Identity theft continues to rise. Researchers say personal details, often found on social media, are being used for taking out things like loans, credit cards or phone contracts in other people's names. It can leave victims with big bills, or a bad credit rating (the points-based system lenders use to decide if you can borrow their cash). READ MORE >>
Thursday, June 30, 2016High on the list of things that send chills down the spine of an attorney is getting an e-mail from the disciplinary committee or state bar association alleging a disciplinary complaint. Playing on those fears is the hope of the hacker that the attorney will open the attachment with the e-mail. READ MORE >>
Wednesday, June 29, 2016As businesses spend billions of dollars a year trying to protect their data from hacking that’s costing trillions, they face another threat closer to home: data theft by their own employees. That’s one of the findings in a survey published by management consultant Accenture PLC and HFS Research. READ MORE >>
Thursday, June 16, 2016It has been reported that the law firm Mossack Fornseca filed a complaint against one of its employees. That employee was arrested in Switzerland on data theft charges. Computer equipment was also seized by authorities. At this point it is not clear if this arrest and the leak of the Panama papers is linked. READ MORE >>
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