Specialized Crime Coverage Essential To Protect Against Online Fraud Threat

Here are some startling facts about online financial transaction cyber theft from small businesses:

51% of small and medium sized businesses transferred funds online in 2012 which is a 6% increase over the prior year.
 Over $1B was stolen from small and medium business online transactions in ...

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Why Would Cyber Criminals Intentionally Target Small Businesses?

Cyber attacks on small businesses with less than 250 employees have tripled since 2011, according to Symantec’s 2013 Internet Security Threat Report.
The reasons that small businesses are becoming more popular with cyber criminals are as follows:
As compared to larger businesses, smaller...

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Is A Cyber Security Breach More Damaging Than A Natural Disaster?

According to a survey performed by Experian Data Breach Resolution and the Ponemon Institute, only 31 percent of companies are insured against data breaches.  Meanwhile, 76 percent of respondents rated the impact of a security to be greater than or equal to a natural disaster, business...

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http://www.insurancefortechs.com/cyber-security-breach-damaging-natural-disaster.html

Tech Professional Liability Covers Countersuit From Fee Collection

Ed Rozak is the president of N2Net, a Cleveland area internet service provider. The company was started in 1995 offering dial-up only. Now, it operates its own data center with a focus on voice services and phone systems. 

Rozark was working in his office one day when one of his...

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http://www.insurancefortechs.com/tech-professional-liability-covers-countersuit-fee-collection.html

Are Third-Party Apps a Threat To Your Business?

More and more businesses have been allowing employees to use their personal mobile devices as a primary means of communication in the workplace.  The increased usage of employee-owned smartphones, though convenient, can also pose a serious risk to security; questions may also arise concerning...

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http://www.insurancefortechs.com/thirdparty-apps-threat-business.html

Architecture and Engineering: Managing New Risks in a Rapidly Changing Industry

Paul Dietrich and Brad Gow
The architecture and engineering professions are undergoing a period of unparalleled change brought about by rapid advances in computing and communications. Technology has transformed everything from project design to client communications in the daily practice of the...

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Online Small Business Insurance Quotes

Small businesses perform most of the professional services within the U.S. economy. As a result, they have the greatest need for Professional Liability (Errors and Omissions Liability) insurance. The major problem with small businesses obtaining Professional Liability (Errors and Omissions...

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http://www.insurancefortechs.com/tech-insurance-reports-small-business-needs.html

High E&O Limits Difficult For Small Tech Accounts

We were recently approached by a small tech prospect who requested a $10,000,000 Errors & Omissions Liability limit (AKA Professional Liability) to comply with contractual requirements of a project owner. Our primary E&O market for tech accounts is approved to handle limits only up to...

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Managing New Technology Risk Notes

Frangos, Alex, “With 3-D Drawing Software, Freedom Tower Architects Put Mind’s Eye on a PC Screen,” The Wall Street Journal (Jul. 7, 2004). See http://webreprints.djreprints.com/1055491238420.html.
“Hammurabi’s Code of Laws,” Laws 229-233, translator L.W. King. See...

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Proactive Safeguarding of data Key to Protecting Bottom Line

Businesses can no longer afford to treat data security as just another problem for the IT department: it’s now a mission-critical issue for the executive suite. Companies that fail to adequately protect personal information not only run the risk of lawsuits and legal penalties, but also...

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http://www.insurancefortechs.com/protecting-data-security.html