At-Bay

#ICYMI: Businesses that successfully restore from backups are far less likely to pay a ransom — only 26%, compared to a staggering 75% for those whose backups failed! 💾🔒 Our latest research reveals a game-changing trend: Mastering your backup strategy not only protects your data but can also save you serious cash. Download our 2024 InsurSec report to learn more: ttps://https://lnkd.in/d2kxvk6c

We’re honored to be finalists in 8 categories (yes, that's right, 8️⃣!) for the prestigious Intelligent Insurer Cyber Insurance Awards USA 2024! 🌟 Thanks, Intelligent Insurer for nominating us in the following categories: ✩ Cyber Insurance Carrier of the Year  ✩ Cyber Underwriting Team of the Year ✩ Cyber Insurance SME Initiative of the Year  ✩ Rising Star in Cyber Insurance (Albert Huang, RPLU)  ✩ Cyber Insurance Incident Response of the Year  ✩ Cyber Security Consulting Services Team of the Year  ✩ Cyber Insurance Technology Provider of the Year ✩ Insurtech of the Year This recognition highlights our dedication to innovation, excellence, and leadership in the cyber insurance industry. We are especially proud of Albert Huang for his Rising Star nomination, a testament to his outstanding contributions and potential in our field. Stay tuned for the winners announcement on 7/31! 🤞✨ #CyberInsuranceAwardsUSA

Ever wondered who's got the keys to your virtual front door? Turns out, in 2023, 58% of ransomware break-ins started with remote access tools. From RDP to self-managed VPNs, the gates we trust to keep us safe might just be a welcome mat for cyber intruders. Check out our 2024 InsurSec report for more insights that can help you stay ahead of the game: https://lnkd.in/d2kxvk6c

The Professional Liability Underwriting Society Southern California chapter summer social on the beach was a smash hit. Mixing business with pleasure while soaking up the sun and surf was simply unbeatable. Huge props to our At-Bay all-stars, Claudia Marquez and Hulices I., for bringing their A-game. Here’s to more epic gatherings like this one! 🌊☀️

At-Bay Security is monitoring the unfolding system outage that has been reported by CrowdStrike, and we are working with customers that may be impacted directly or indirectly by related outages. Additionally, At-Bay has become aware of attempts by cyber threat groups to perform social engineering attacks by contacting businesses posing as CrowdStrike representatives in order to offer technical support. Their intent appears to be to exploit potential victims of the system outage in order to gain sensitive information such as login credentials or to convince them to unwittingly install malware. At this time, social engineering attempts appear to be opportunistic, since they are impacting organizations that don’t have CrowdStrike products deployed in addition to those that do. However, any company that is publicly known to be experiencing a system outage concurrent with the CrowdStrike outage may be assumed to be running a CrowdStrike product by attackers. So, companies that have reported an outage to their stakeholders might be targeted as news of their situation becomes public. If you or a member of your organization are contacted by an unknown person offering support related to the CrowdStrike outage, we recommend that you verify their identity with a known individual (e.g., your assigned CrowdStrike account representative or a known representative of the provider of your CrowdStrike software) before sharing sensitive information or providing access to your technology environment. Questions about this advisory may be directed to At-Bay’s security team at [email protected].

Ransomware is back — now with a bigger blast radius. 😱 Ransomware as a whole increased 64% in 2023, fueled by a massive 415% jump in  “indirect” ransomware claims. Indirect ransomware refers to incidents where businesses are affected by ransomware attacks on third-party vendors or service providers, causing disruptions and financial losses even though the business itself wasn't directly targeted. Meanwhile, direct ransomware (a ransomware incident where an organization is directly targeted by a cyberattack) also rose 17%. Curious about how to safeguard your business in 2024? Get our 2024 InsurSec Report for free: https://lnkd.in/d2kxvk6c

🔍 Meet Hulices I., dedicated MPL Underwriter at At-Bay! With years of expertise, Hulices excels at tailoring professional liability coverage for a diverse range of businesses — yes, even those with unique twists like tutoring with a hint of hypnosis. 🔮 His passion lies in finding creative solutions that match each business's distinct requirements. Dive into Hulices’ insights on evolving trends in professional liability and memorable client stories straight from his desk: https://lnkd.in/griz5ckZ

Feeling like cybersecurity is the Achilles' heel of your growing business? 🛡️ You're not alone! Limited budgets and resources can make it tough to tackle digital threats, and traditional IT and security providers often ignore the needs of SMBs. Information Security Media Group (ISMG)'s latest ebook on the SMB Cybersecurity Gap features insights from Thomas Dekens, Chief Business Officer at At-Bay. It’s your treasure map to navigating the cybersecurity jungle. Packed with expert advice and tailored solutions, it’s designed to empower high-growth businesses like yours to conquer digital threats without breaking the bank. Dig in here: https://lnkd.in/g3d6e5xC

The countdown to the WSIA Annual Marketplace is on! 🌟 Only 2 months to go and schedules are already filling up. Planning on attending? Now's the perfect time to secure your time with our regional management team: Rae Haynes, Nikki Post, Sandy Perdiguerra, and Jamie Burnett, ARM. Reach out to them directly to set up time. 👇📧 We can’t wait to see you there! #WSIAMarketplace #WSIA2024 WSIA (Wholesale & Specialty Insurance Association)

Financial fraud is a growing menace impacting businesses of all sizes. In 2023, the FTC reported 2.6 million cases, totaling $10 billion in losses — a billion-dollar increase from the prior year. From credit card fraud to identity theft, these crimes are evolving and hitting wallets harder than ever. Insurance companies are responding with robust coverage in cyber policies. But it's not just about having insurance; staying informed about risks and warning signs is crucial. Learn more about financial fraud here: https://lnkd.in/gx2FvZgt