The rise in cyber threats and attacks has massively impacted various entities – from private companies to specialist firms to government agencies – resulting in financial loss and reputational damage. TechTarget published 10 of the biggest ransomware attacks on organizations in the United States throughout 2023, including the ransomware attack on the U.S. Marshals Service, …
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A small online retail company has an online store, and customer databases, and processes numerous transactions every day. Despite basic security measures, the company fell victim to a sophisticated cyberattack carried out by a group of hackers. They gained access and stole sensitive information, including credit card details and personal data of thousands of customers. …
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Through IdentityTheft.gov, the Federal Trade Commission has received 1.1 million reports of identity theft. In addition, 2.4 million fraud reports were received, with the most frequently reported category being “Fraud by Scammers”, closely followed by “Online Shopping Fraud”. A report published by Statista shows that between 2001 and 2022, there was a significant increase in …
Personal Cyber Insurance: What You Need To Know According to the Federal Trade Commission’s website, they received 1.1 million reports of identity theft through their IdentityTheft.gov website. This illustrates a significant increase in this type of cybercrime. In addition, 2.4 million fraud reports were received from consumers, with the most frequently reported category being fraud …
Artificial intelligence (AI) tools have been increasing in popularity, especially with the launch of Chat GPT in 2022. These tools have potential to shape the business environment, but they also introduce new cybersecurity risks that business owners should be aware of. In this article, we will discuss 3 AI cybersecurity risks to be on the …
Ransomware attacks can be detrimental to businesses of all sizes. These attacks are especially destructive to small businesses, which often have less cybersecurity measures in place, and less elasticity after an attack. This article discusses how your business can prepare for 2023 ransomware trends. What is Ransomware? Ransomware is a type of malware that prohibits …
The FBI recently released a statement warning people of search engine brand impersonation by cybercriminals. Search engine brand impersonation is a tactic being used by cybercriminals that you should be wary of and take precautions against. What is Search Engine Brand Impersonation? Over 105,000 search queries are made on Google every second. And that doesn’t …
43% of cyberattacks are against organizations with fewer than 250 employees. Regardless of the size of your business, it is vital to protect your business against cyber attacks and data breaches. Here are three important steps you can take to outsmart hackers and secure your company data. 1. Backup Your Company Data Make sure you …
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Just like physical products, software eventually gets outdated, and manufacturers stop developing it. Software that has is no longer being maintained is known as end-of-life (EOL) software. While it may be tempting to continue using an old software system for your small business, EOL software usage can jeopardize your business’s cybersecurity. Security Vulnerabilities of EOL …
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Business travelers are prime targets for cybercriminals, as they often carry valuable data and may not always be careful about securing their devices. Neglecting cybersecurity when employees are on the road or abroad can be detrimental to a business. This cybersecurity report discusses measures employers can implement to minimize cybersecurity risks for business travelers. Click …
In a distributed denial-of-service (DDoS) cyberattack, a cybercriminal attempts to interrupt an online service by flooding it with fake traffic. During a DDoS attack, a network of infected computers overwhelms a victim’s IP address with requests. The goal is to exceed the capacity limits of their websites, servers and networks, resulting in a halt of …
The new Risk Rating 2.0 system from the U.S. Federal Emergency Management Agency (FEMA) will raise rates for 77% of policyholders, according to a new study from QuoteWizard. FEMA sells almost all of the nation’s flood insurance coverage through its National Flood Insurance Program and requires businesses that own property in high-risk flood areas to …
In recent years, cyber incidents have surged in both cost and frequency. These incidents have become a pressing concern for organizations of all sizes and sectors—and construction companies are no exception. Although employers within the construction industry may think that their cyber exposures are minimal, this often isn’t the case. Rather, such vulnerabilities can come …
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Over the course of the past decade, many organizations have relied on standard property and liability coverage rather than a standalone cyber insurance policy to provide protection for cyber incidents. However, as digital threats continue to advance—contributing to a significant surge in both the cost and frequency of cyberattacks across industry lines—neglecting to purchase a …
This quarter’s Cyber Risks and Liabilities newsletter includes tips to avoid electronic signature scams, smart device security best practices, and cybersecurity trends to watch for in 2021. Click here to read the entire newsletter! If you have any questions about cyber liability insurance or have any other insurance-related questions, please give us a call at …
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4451 North Roan Street Suite #201
Johnson City, TN 37615
(423) 292-4142
help@veritasRM.com
Monday – Friday 8:30a – 5:00p
