During the first few months of the pandemic, the phrase the new normal was everywhere and it was meant to describe what things would be like going forward. It was meant to describe what we have always done, but would be done differently than it had in the past. For...
Alert: New Russian cyberthreats discovered, governments issue guidance to reduce cyber security exposures
Amid the escalating situations in Ukraine, federal and state governments are alerting U.S. individuals and businesses of more cyberthreats that stem from Russia’s invasion of Ukraine that could impact cybersecurity in the near future. CISA cyber security...
N.Y.: New York cyber-compliance certification due April 15
New York’s Cybersecurity Regulation (23 NYCRR 500) requires all insurance entities that hold a New York state insurance license—referred to as covered entities in the regulation—to file a certification of compliance with the New York Department of Financial Services...
Cyberthreats are some of the most significant exposures businesses face today
The more an insurance producer understands about cyber-related dangers that face clients, the better able that insurance producer is to help. From ransomware attacks, to breaches that trigger notification requirements under state security-breach laws, to...
NYDFS stresses the importance of using multi-factor authentication correctly
Multi-factor authentication is a method of authenticating users on an information system and requires them to go through multiple steps to access that information system. Commonly, this is accomplished through a combination of a username and password, followed by a...
Conn.: New punitive damages safeguard: Are you protected?
In July, Gov. Ned Lamont signed Public Act 21-119—which went into effect in Oct. 1, 2021, and protects Connecticut businesses in all industries from punitive damages if there is a cyber-breach that leads to the unauthorized access of personal or restricted...
Always read the exclusions first!
Over the years, I have found that our preferred carriers don’t always offer the coverage we need for our insureds. As a result, we shop for coverage in the excess market for general liability, professional liability, and cyber liability coverages to name a few. While...
DFS announces cyber security fraud alert
The New York State Department of Financial Services issued a cyber security fraud alert today to all of its regulated entities. The alert describes a widespread cybercrime campaign to steal consumers’ nonpublic information from public-facing websites that transmit or...