Regardless of industry, cyber attacks and data breaches expose businesses to potentially enormous losses and liabilities. According to a report by the Insurance Information Institute (III), the potential economic fallout from the cyber threat cannot be underestimated, particularly because the number of publicly disclosed data...
Cyber risks are a growing concern among businesses of all kinds. In a recent speech given at the New York Stock Exchange, SEC Commissioner Luis A. Aguilar emphasized that cyber security should be a number one priority of businesses and regulators alike and warned companies,...
Jameis Winston purchased a $10 million disability and loss of value insurance policy, and Florida State is helping him pay for it. While the exact cost for this insurance coverage is not certain, there is speculation that the university will be paying a $55,000 to $60,000...
Contracts are an essential part of doing business. Regardless of size or industry, contracts with customers, vendors, suppliers, service providers or independent contractors are an important part of a business's operations. While good contracts can help manage risk and maintain good working relationships, bad contracts...
Recent, high-profile incidents show that every business is at risk of suffering a data security breach, regardless of size, resources or sophistication. To combat the risk, many organizations are taking steps to identify and secure organizational vulnerabilities, such as wireless networks, laptop computers, and even...
Florida has a new law to combat the recent surge of data security breaches involving sensitive personal information. On July 1, 2014, Florida’s current data breach notification statute will be replaced by the Florida Information Protection Act of 2014 (Act). Though similar to Florida’s current...
For those living or working in the Atlantic hurricane region, June 1st rarely passes unnoticed. At Setnor Byer Insurance & Risk, we understand that preparing for hurricane season is rarely easy and often stressful. We also understand that a lack of awareness and preparation can...
Protecting your family, home and property is a full time job. Unfortunately, busy schedules often get in the way of making safety a top priority. Since May is National Electrical Safety Month, now is a good time to discuss electrical hazards and review effective safety...
In February 2013, President Obama issued Executive Order 13636 on Improving Critical Infrastructure Cybersecurity. This Order calls for the development of a framework of industry standards and best practices to help organizations manage increasing cybersecurity risks. On February 12, 2014, the National Institute of Standards...
Since most businesses rely on technology, providing technology services has become big business. Technology companies provide goods, services and expertise that can increase efficiency, productivity and profitability. These businesses may involve: System / network development and administration Application and website programming and design Hardware installation...