Specialty Insurance Blog

What is Phishing, and Why Do You Need to Know?

Phishing is a primary method for cyber criminals to gain access to email accounts and systems using deception rather than defeating security protections.  In most cases, the objective is to capture user credentials without the victim knowing.  Cyber criminals have found it is generally easier to deceive a victim into clicking rather than breaking through technology defenses. Make sure you are properly covered with comprehensive Cyber Risk Insurance. Read more →

Cyber Concerns & Risks Are Shifting

While data breach continues to be the primary concerns of SMBs, a recent survey confirms that risks are shifting to Social Engineering Fraud (SEF) and Ransomware, and that more SMBs are buying comprehensive Cyber Risk Insurance Read more →

What is Social Engineering Fraud?

Social Engineering Fraud (SEF) is a cyber attack involving communication, typically via email, intended to deceive a victim into sending money to the criminal. It is also called BEC (business email compromise), wire transfer fraud and email piracy. Many Cyber Risk Insurance policies do not cover SEF, but a few comprehensive policies include coverage. Read more →

AI & Insurance – Where Are We Headed?

AI (“artificial intelligence”) is a hot topic for many service businesses, and it is beginning to impact the insurance industry. How is it being used? What will the impact be? And how will it impact specialty lines? A series of articles provides some thoughts, if not insights. Read more →