At-Bay

In the aftermath of natural disasters, businesses face a hidden threat: opportunistic cyberattacks. 🌪️ In a thought-provoking analysis, Tyler Schirf, Engagement Manager at At-Bay, unveils a critical blind spot in disaster preparedness: the intersection of physical catastrophes and digital threats. The message for executives and security leaders is clear: disaster resilience must encompass both physical and digital realms. We’re sharing what businesses need to know and do in the wake of natural disasters to secure themselves against opportunistic cyber threats. Read the full blog to discover actionable insights: https://lnkd.in/gUxPzjHJ  

🚨 Ransomware attacks aren't random. They're precision strikes on your business. Cybercriminals research extensively, tailoring ransom amounts to each victim's financial capacity. These aren't amateurs. They use sophisticated manuals and business intelligence from sources like D&B and ZoomInfo. Their strategy? Make the ransom seem like the only viable option while increasing the likelihood of payment. For unprepared businesses, the pressure to pay and resume operations is overwhelming. Is your business prepared to face this growing threat? Learn more in our 2024 InsurSec report! https://lnkd.in/d2kxvk6c

The true cost of a cyberattack extends far beyond immediate losses. Adam Tyra, VP and GM of Security Services at At-Bay, recently shared some eye-opening insights on this topic, using the auto industry as a prime example. In June 2024, the dealer management system CDK was hit with back-to-back ransomware attacks. As a result, dealerships using the platform were unable to complete car sales. 💸 Immediate revenue loss? That's just the tip of the iceberg.  👎 Customer churn? Absolutely.  😣 Reputational damage? You bet. But here's what many overlook… Those customers who couldn't make a purchase due to system outages? They might never return. That's years of potential service revenue and repeat business... gone. In our interconnected digital age, robust cybersecurity isn't just an IT concern, it's a critical business imperative that can impact your bottom line for years to come. Full webinar here: https://lnkd.in/d2zPkE59

What a night! 🏈🎉 Huge thanks to our awesome broker partners who joined us for Sunday Night Football in Philly. Browns vs. Eagles was a blast, but the real win? The amazing conversations and connections we made. Shoutout to Griffin Goldman for hosting Steven Finkelstein, RPLU, CRIS, Dean Hussey, CPCU, RPLU, and Peter Mulville!

What a fantastic quarter it's been! Here's a quick throwback to some of the highlights from our Q3 events: 🏌️ Fairway with the Pros @ Procore Championship in Napa 🎵 Rocked out at San Francisco's Outside Lands Festival ⛳ Teed off with CRC Insurance Services Birmingham brokers at FarmLinks at Pursell Farms 🏙️ Welcomed Amwins and summer interns to our SF office 🚢 Cruised through Chicago  🧘♀️ Hosted a rejuvenating spa day for brokers in NYC 🏆 Claimed first place at the Atlanta Association of Insurance Professionals Golf Tournament, sponsored by the Local Chapter of NAAIA These events weren't just about having fun - they were about strengthening relationships, fostering teamwork, celebrating our industry, and spreading the InsurSec love. Looking forward to more great moments in Q4!

Turns out, the only thing we love more than assessing risk is assessing the quality of a good party! 🎉🕺 Thank you to Amwins for including us at their Party in the Park! It was the perfect way to recharge after a busy summer and refocus for the rest of the year.

In 2023, 67% of ransomware attacks involved data exfiltration in addition to encryption. Attackers are doubling down to maximize payouts. Claims with both encryption and exfiltration had the highest median ransom demands at $600K, with payments averaging $195K. In contrast, encryption-only attacks resulted in median ransom payments of only $66K Attackers are evolving, and so must our security efforts. . Want to dive deeper? Learn more in our 2024 InsurSec report! https://lnkd.in/d2kxvk6c

What a day on the SF Bay! 🌊✈️ Albert Huang, RPLU, Sandy Perdiguerra, Michael Drummond, Scott Gold, and Zach Getty hosted our Bay Area brokers to catch the Blue Angels' warm-up during SF Fleet Week. Nothing beats strengthening partnerships while watching an iconic show. Thanks to all who joined us for this unforgettable cruise. 

A global analyst and advisory leader Omdia uncovered eye-opening insights about cyber insurance adoption and its impact on organizational security strategies. The results are in, and they're striking — especially for small businesses. Swipe to discover: ▶️ The stark contrast in cyber insurance utilization between small businesses and large enterprises. ▶️ Why organizations of all sizes need proactive cybersecurity solutions. Want more? Download the full report for free here: https://lnkd.in/gh_B6kzz 

Our team – Greymer E. Rodriguez, Caitlyn M., and James Riviezzo – enjoyed connecting with industry leaders and expanding our network at the Property Protectors: Navigating Risk In Real Estate yesterday at Hudson Yards. Special thanks to Related Companies, RIMS (Risk and Insurance Management Society, Inc.), and Shirley Forer for hosting such an insightful event. It was a fantastic opportunity to discuss key risks in real estate and explore new ways to stay ahead of evolving challenges. Looking forward to continuing these important conversations!