By Anita Byer, Setnor Byer Insurance & Risk A survey of publicly reported data breaches revealed that 2022 nearly broke the record for most data compromise events in a single year. According to the Identity Theft Resource Center’s 2022 Data Breach Report, there were 1,802 publicly...
By Anita Byer, Setnor Byer Insurance & Risk Did you know that fraudulent funds transfer (FFTs) is quietly becoming a leading driver of cyber loss? A recent survey of cyber insurance claims by Corvus Insurance revealed that the frequency of FFT claims has surpassed all others,...
By Anita Byer, Setnor Byer Insurance & Risk Did you know that the majority of data breaches are driven by credential theft? Hackers are constantly probing the Internet trying to steal login credentials. One uninformed or unsuspecting user or one careless act, and that’s it. Your...
By Anita Byer, Setnor Byer Insurance & Risk October may officially be Cybersecurity Awareness Month, but that doesn’t mean businesses can afford to take the rest of the year off. Gone are the days when cybersecurity was seen as an ancillary function. Today, businesses should be...
When it comes to data security breaches, things aren’t getting any better. According to Risk Based Security’s 2019 MidYear QuickView Data Breach Report, more than 3,800 data security breaches were reported in the first six months of 2019. More than 4.1 billion records were compromised. When compared to midyear 2018,...
Did you know that small businesses experience cyber incidents at roughly the same rate as drivers experience car accidents? Though most of us would never go without auto insurance, a majority of small businesses don’t have cyber liability insurance coverage. According to the 2018 Small Business Cyber Insurance and Security...
Did you know that more than 50 percent of small and medium-sized businesses (SMBs) experienced a cyber-attack in the previous year? Cybercriminals tend to be opportunistic. They target the unprepared. Unfortunately, far too many SMBs don’t have a plan to prevent or respond to cyber-attacks. SMBs...
It looks like 2018 is going to be a record year for data breaches…in a bad way. Gemalto, a global digital security provider, released its Breach Level Index for the first half of 2018. It revealed a mix of good, bad and ugly. When compared...
An inconvenient truth. That’s how a growing number of us view data security breaches. There are victims and soon-to-be-victims. However, despite the seemingly endless stream of data breaches, organizations cannot afford to take a passive approach to data security and cyber threats. Just ask Yahoo! In...
Did you know that 93% of data breaches could have been avoided? Everyone should be interested in this somewhat shocking statistic because cyber threats and data security remain primary concerns among virtually every organization, regardless of size, industry or purpose. It’s true that some cyber...