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Home > Blog > L Squared Insurance Agency Blog: ransomware
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L Squared Insurance Agency Blog: ransomware

View the latest blog posts from L Squared Insurance Agency.

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Tuesday, April 28, 2020

6 Steps You Can Take to Reduce Ransomware Risks

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Wednesday, April 15, 2020

Ransomware Survival for Small Business Webinar April 22, 2020 2PM ET

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Wednesday, April 17, 2019

Ransomware Strikes Idaho Surplus Lines Association

L Squared Agency is a nationwide agency that specializes in professional liability insurance.  Because many of our clients need access to surplus lines insurers, L Squared also is a surplus lines broker in many states.  All surplus lines policies need to be reported to each state when written by a surplus lines broker. READ MORE >>

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Wednesday, October 10, 2018

Ransomware will Your Firm Survive an Attack?

Ransomware encrypts computer files and is used by hackers who then demand money in exchange for freeing the content.  It is becoming a huge problem globally.  The costs of unlocking data varies; with individuals typically paying a few hundred dollars to thousands of dollars for businesses. READ MORE >>

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Thursday, March 22, 2018

How to Respond to Ransomware

The Hartford's Tom Kang wrote a recent article on How to Respond to Ransomware.  It is a worthwhile read: By Tom Kang   The first ransom note in American history was written in 1874, when kidnappers demanded $20,000 to return four-year-old Charley Ross to his parents. READ MORE >>

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Thursday, February 22, 2018

Ransomware Can Cripple a Business

How to Respond if Your Company's Data is Taken Hostage   By Tom Kang of The Hartford   The first ransom note in American history was written in 1874, when kidnappers demanded $20,000 to return four-year-old Charley Ross to his parents. READ MORE >>

Wednesday, June 28, 2017

Cyber Liability--DLA Piper Hit by Ransomware Attack

Even large sophisticated law firms such as DLA Piper are not immune to Cyber attacks.  According to the ABA Journal DLA Piper was struck by a ransomware attack on Tuesday.  It is impacting offices in the US, Europe and the Middle East.  It appears that this attack started in Spain and spread to the rest of the law firm. READ MORE >>

Monday, May 8, 2017

Cyber Liability--Law Firm Victimized by Ransomware sues Insurer for $700K in Lost Billings

Law Firms that are relying on their Business Owners Policy (BOP) or their Attorney Malpractice Policy to cover Cyber Exposures should pay attention to the Rhode Island Law Firm that was hit with Ransomware.  According to the ABA Journal Article, the Law Firm of  Moses Afonso Ryan Ltd wa... 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 >>

Friday, January 6, 2017

Cyber Insurance—Cyber/Data Breach Claims up over 78%

According the BBC report  CFC Cyber Insurance Claims have increased 78% for data breach/cyber-attacks.  The claims came in at a rate of more than 1 a day in 2016 for this insurer.  They have seen large amounts of login details stolen and shared more frequently. READ MORE >>

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