Derivative lawsuits from data breach highlight need for D&O insurance

The recent hacking of customer credit information at Target Corp. triggered more than 40 lawsuits, with more sure to follow. It’s almost guaranteed we’ll be seeing more such breaches in the months and years to come as the tactics of cybercriminals evolve at an alarming rate.
 Suits against Targ...

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http://www.insurancefortechs.com/derivative-lawsuits-data-breach-highlight-insurance.html

Social media marketers need to be aware of media-related risks

Social media marketing and posting content online have proved to be effective and cheap advertising tools, particularly for small and mid-sized businesses.  But there are risks in all that posting that could prove quite costly in terms of money and integrity.
Not all web content is free for the ...

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http://www.insurancefortechs.com/social-media-marketers-educated-mediarelated-risks.html

Property Insurance - For Building, Contents, Inventory and/or Equipment

Please complete the following information in order to obtain a quote for building, contents, inventory and/or equipment coverage.


Named...

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http://www.insurancefortechs.com/property-insurance-building-contents-inventory-andor-equipment.html

Cyber Liability and Data Security Instant Quote Application

Please complete the information below to obtain a quote.


Name of applicant*FirstLastNature of Business*State*EmailPhoneWebsiteNumber of...

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As Companies Celebrate New Year Hackers Cash-in Cybercrime Spree

The New Year season may seem like the ideal time for a break from the office but the holidays are simply not the time for companies to let their guards down.
While many of us may be enjoying vacations, celebration, end-of-year-sale shopping, and time with family friends, hackers are letting...

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http://www.insurancefortechs.com/hackers-cash+in-on-cybercrime-spree

Employees Use New Techniques To Steal From Employers

 Employees are increasingly using new services and technology to defeat employer risk management controls.
The pre employment reference is one on the mainstays of employee dishonesty risk management.  However, employees seeking to fabricate references can now tap into reference scam websites t...

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http://www.insurancefortechs.com/employees-techniques-steal-employer.html

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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http://www.insurancefortechs.com/specialized-crime-coverage-essential-protect-online-fraud-threat.html

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