Thomas Hance, MBA’s Post

Cyber is still an emerging risk, and as such, requires a degree of flexibility in underwriting to properly serve the needs of policyholders. In yesterday's congressional hearing, as detailed in The Wall Street Journal by James Rundle and Catherine Stupp, Cowbell's Jack Kudale discussed the evolution of cyber threats and the flexibility that insurers must have to customize their policies accordingly. https://lnkd.in/gPh3qSjD #CyberInsurance #CyberResilience #InsuranceInnovation #MoreCowbell

🔒 Cybersecurity is critical for advisers 🔒 Our partners at Numerisk's latest article is a must-read, highlighting the rising cyber risks financial advisers face. The latest data is eye-opening—financial services organisations face an average cyber claim cost of $150,000. But where should you turn for Cyber Insurance? Numerisk. dives into the details, sharing insights on what financial advisers need to know and how to enhance your protection strategy. 👉 Read the full article here: https://hubs.ly/Q02RXV210 Coalition, Inc. #advicematters #financialadvice #professionalindemnity #cyberinsurance #cyberrisk #financialplanning #insurance #businessinsurance

Great five minute read! Just goes to show how important it is to include end user training your organization's security stack. With cyber insurance premiums and recovery costs on the rise the cost of doing nothing is skyrocketing!

Has your business fell victim to a security breach? Tested and quick disaster recovery is essential- and can have you back up and running with virtually no impact. Without it, your business could be down for days to weeks at a time, resulting in loss of productivity and customers. Even with cyber insurance most companies struggle to survive this loss of confidence from their customers and employees. https://lnkd.in/g3XqRX5n

#ALIGNEDInsurance emphasizes the importance of #CyberLiabilityInsurance in protecting against digital threats and their impacts on #Businesses. They offer tailored solutions to address unique #Cyber risks, focusing on comprehensive coverage for data breaches, third-party system damages, data/code loss, and cyber extortion. Their policies cover direct and indirect consequences of cyber incidents, including lost income, operational expenses, and reputational damage. ALIGNED's approach caters to businesses of all sizes, ensuring financial security and peace of mind in the digital era. https://bit.ly/43qxjle #LiabilityInsurance #Insurance #InsuranceBroker #InsurancePolicies #Insurance #CyberLiabilityCoverage

On this #NationalInsuranceDay, a great read from James Rundle and Catherine Stupp in the The Wall Street Journal featuring commentary from Jack Kudale at Cowbell. Insurers told a congressional hearing Thursday that they need the flexibility to determine what they will and won’t cover under cyber policies, saying they are still trying to understand the risks associated with cyberattacks. The House Committee on Homeland Security’s subcommittee on cybersecurity and infrastructure protection held the hearing to explore how cyber insurance is being used by critical-infrastructure operators, amid warnings of hacking efforts from China and Russia. Jack Kudale, chief executive of Pleasanton, Calif.-based insurer Cowbell Cyber, said during the hearing that cyber is still an emerging risk, and as such, requires a degree of flexibility in underwriting to properly serve the needs of policyholders. “Over the last 10 years, the terminology in coverage has been evolving, and we’re still not there. Putting limitations and standardization might hurt how nimble we are,” he said. The evolution of cyber threats also means that insurers must have the flexibility to customize their policies accordingly, he added. #cyber #cybersecurity #infosec #infosecurity #cyberattack #insurance #cyberinsurance #Cyberresilience #InsuranceInnovation #TechEOInsurance #MoreCowbell #tech #technology

The ever-evolving cyber threat landscape demands our vigilance. Understanding why threat actors operate the way they do is key to predicting future behaviors. These insights help us navigate the dynamic cyber landscape in 2024. Stay informed and stay secure! 🛡️ #CyberResilience #StaySecure #LucidInsuranceInsights #Insurance #CommercialInsurance https://hubs.li/Q02dY68D0

Could the insurance coverage your business currently has withstand a cyber attack? If you're not sure, give us a call: (781) 942-2225. #cyberinsurance #gilbert

Are you an insurance agent worried about IT issues disrupting your operations, especially with the 4th of July holiday coming up? 🎆 This week's #TechTipTuesday is for you! Learn how Archway Computer's 24/7 Help Desk can ensure quick resolution of IT problems, minimizing downtime and keeping your agency running smoothly, even during holidays. Watch the video to find out how our round-the-clock support can protect your agency from unexpected cyber events and more. 🎥 #Insurance #ITSupport #ArchwayComputer #247Support

It's estimated that 88% of small business owners feel vulnerable to cyberattacks. This vulnerability can have serious financial consequences, as the cost of a cyberattack can range from minor disruption to total business destruction. Cyberattacks can also lead to the loss of sensitive data, reputational damage, and customer trust. As a result, businesses must take steps to protect themselves from these threats. Don't let your business be at risk in the digital world. Contact L&W Insurance today to get started on your Cyber Insurance policies. . . . #CommercialInsurance #BusinessInsurance #CyberInsurance #Cybersecurity #CyberAttacks #DelawareBusiness #InsurancePolicy #DelawareBusinessOwner #SmallBusiness #SmallBusinessInsurance #IndependentInsuranceAgency #DelawareInsuranceAgency