Coalition, Inc.’s Post

🔒🚗🚨 Worried about data breaches and cyber-attacks? Stay informed and protected with our Data Security Resource Hub! The FTC has implemented new regulations to safeguard your privacy, and we're here to help you navigate through it all. Check out our data security hub for the latest articles and resources to stay up to speed on data security best practices. 🖥️ Plus, a reminder that we will be hosting a webinar this Thursday with AssuredPartners. We'll cover CDK's Cyber Incident and discuss the insurance and compliance obligations that dealers need to be aware of. It's crucial information that you won't want to miss! Use the links below to access our resource hub and register for our webinar! #DataSecurity #Cybersecurity #Webinar #AutoDealer #FTC #StayProtected 🔐 Webinar: https://hubs.ly/Q02DhbCc0 Resource Hub: https://hubs.ly/Q02Dhf4m0

We all know that cyber attacks are costly for SMEs. But finding the funds to cover upfront costs of critical third party services such as breach response can be tough, even if these costs are later covered by insurance. Here's why it's important to look for 'Pay on Behalf' language in your clients cyber policies. #cyberinsurance #cyberrisk #cyberriskmanagement https://lnkd.in/e62s8JP5

The insurance industry will continue to face significant cybersecurity risks as it increasingly relies on digital systems and data. Cyber threats such as data breaches, ransomware attacks, and phishing schemes pose serious risks to sensitive customer information and financial assets. Insurance companies must invest in advanced cybersecurity technologies, implement stringent security protocols, and foster a culture of cybersecurity awareness among employees. #Insurance #Cybersecurity #Data #CyberThreats #Compliance

If you look at the costs of a cyber attack, having a cyber insurance policy just makes good business sense. So why don't more companies have them? Think it won't happen to you? Guess what...it will. There are a ton of expenses if your company is hacked - legal, computer forensic, business interruption, crisis management, notification and identity protection for breach victims... The list goes on. I'm not in the insurance business, but it's simple math. #accounting #cfo #technology #cyberinsurance

I have partnered with Arctic Wolf to make sure local SMB's have an up to date incident response plan. This very low cost plan and service will help answer questions that cyber insurance companies will ask along with having a detailed playbook of what to do if a cyber incident occurs. Please reach me if I can assist with your current IR planning #endcyberrisk

Something most organizations should think about? Cyber insurance shields against financial losses from cyber incidents like data breaches or ransomware attacks 💻🔒 It covers expenses for data recovery, legal fees, notifications, and extortion payments. Policies vary, so choose wisely! #CyberInsurance #DataProtection

As technology evolves, so does the risk of cyber attacks. 💻 Cyber Liability Insurance can provide your business with a stable financial base if a cyber-related security violation occurs. 📲 Learn more at rieblinginsurance.com. #FNFPak #RieblingInsuranceAgency

As technology evolves, so does the risk of cyber attacks. 💻 Cyber Liability Insurance can provide your business with a stable financial base if a cyber-related security violation occurs. 📲 Learn more at rieblinginsurance.com. #FNFPak #RieblingInsuranceAgency

Protect your business from a data breach. All businesses are at risk for data breaches. Not only can Cyber Coverage from Indiana Farmers Insurance protect you in cases of cyber crime and data breaches, it also provides services to help after a breach. Ask us about this coverage today.

Having worked in both industries, I am seeing some similarities between #security and #cyberinsurance.   Both tend to be an afterthought.   In some cases, security and cyber insurance are only considered after a business has suffered a security incident.    So why is it that the importance of both is disregarded by businesses?   I speculate the reason is the benefits of either are not fully understood.       Or possibly, businesses do not see themselves as needing it or perceive it as a bad investment.    Unfortunately, the value in both is typically not grasped until a loss is experienced. Hopefully when this occurs, protection is adequate and if not, adequate insurance is in place to help the business respond and recover efficiently.   A strong business case needs to be made for both.