Cyber insurance has dramatically evolved since the first coverages were added to other policy forms in the 1990s. Traditionally, cyber coverages were only considered necessary in the technology industry — or for those providing technology-related professional services. It was the dawn of the digital age and growing cyber risk exposures across all industry classes that [...]
Cyber breaches were in the news a lot in 2023. In fact, 2023 was one of the most significant years on record for cybersecurity incidents. Even if you and your business didn’t have a hack, you may have still felt an impact. With everything from common office tools to telecom services, hotel check-ins and even [...]
At CyberLock Defense, we maintain a vast network of relationships in the cybersecurity space to help businesses like yours minimize the risk of a cybersecurity incident. Recently, 360 Privacy, a partner of our Lockton Cyber and Technology Practice, released a series of mobile device security guides to help business leaders on the go minimize their [...]
Do you offer medical and dental? Cyber criminals do. It sounds funny, but many of today’s cyber criminals take their work very seriously. These threat actors are establishing their own enterprises, adopting many of the structures, strategies and principles of the above-board business world. Hackers are hiring, offering attractive benefits and focusing on customer experience. [...]
Earlier this year, the FBI released its latest report on online criminal activity. The annual Internet Crime Complaint Center (IC3) Report documents internet-facilitated criminal activity reported to government law enforcement. The report is often a good gauge for new cyber crime trends, and can be helpful illustrating how risks change over the years. Back in [...]
A look at the newest Global Threat Report from CrowdStrike reminds businesses that the cyber landscape is always changing. Cyber criminals are switching up their tactics, trying to sidestep the latest protections businesses and security professionals have put in place. For a business, it can feel like you’re facing threats from every direction. But top [...]
Despite a history stretching back more than a quarter century, cyber insurance continues to evolve. Frequently, the cyber insurance industry experiences rapid changes, impacting everything from underwriting to coverage to regulatory influence. With all the big cyber events of 2022, Lockton Affinity and CyberLock Defense see more change on the horizon for the cyber insurance [...]
In business, a tailored solution is important. One size doesn’t fit all — whether you’re talking about conference attire or managing business risks. Cyber insurance is one area where the wrong fit can be particularly risky. Different industries face different risks, so it's important to choose protection that's tailored to your business needs. The same [...]
Studies show many people can be tricked into revealing their password, but a new technology called passwordless authentication may make accounts safer and passwords obsolete. If you’ve ever unlocked your phone with your face, logged into your laptop with your fingerprint or hopped on a work terminal with a key fob, you’ve used passwordless authentication. [...]
Whenever the topic of cyber crime comes up, leaders at organizations everywhere often have one question: How do fraudsters and hackers convince so many people to hand over their passwords? The simple answer is social engineering. People are social by nature, with a decision-making process that’s highly responsive to the people around them. Some cyber [...]