Average Healthcare Cyberattack Recovery Cost: $1.4 Million

It's critical that healthcare organizations incorporate better cybersecurity into their business plans, including protecting themselves with a cyber policy.

What a difference a year makes, and when it comes to cybersecurity, we don’t mean in a good way. Consider some of the findings of a newly released survey: The recovery costs attributable to a cyberattack increased a staggering 52% to $1.1 million between 2017 and 2018. It’s even higher in healthcare, climbing to $1.4… Read more »

CCIG Unveils Cybersecurity Assessment Tool 

cyberattack assessment tool

GREENWOOD VILLAGE, COLO. – CCIG has created an online cybersecurity assessment tool that businesses can use as a starting point to determine their readiness to withstand a cyberattack. The tool, which can be found here, includes a scored quiz that covers questions ranging from how companies handle confidential data to their policies regarding passwords. “Despite the… Read more »

7 Ways Cyber Insurance Policies Can Help You Respond to a Data Breach

What, exactly, does a cyber insurance policy do for you beyond offering liability coverage in case of a data breach?

By now, most of us understand that the potential for a cyber hack is as great for a small company as it might be for the largest employers. In response, insurers have been offering cyber coverage for years. But what, exactly, does one of these policies do for you beyond offering liability coverage for a… Read more »

GDPR: Why Europe’s New Privacy Rules Are Good Cause for Cyber Coverage

Europe's new internet privacy rules – which go into effect May 25 – apply to any business that handles the personal data of European residents.

If you do business in Europe, by now you most surely have heard of the General Data Protection Regulation. No? Well, batten down the hatches, folks, because this new set of internet privacy rules – which go into effect May 25 – applies to any business that handles the personal data of European residents. And… Read more »

Cyber Hacks: An Insurance Risk Like No Other

A bead of sweat rolls down the CEO’s forehead as her computer screen flashes red.  An alert warns her that IT sensors have detected a cyber-attack against her company. She and her team have to quickly figure out how to block the attack. The CEO’s mind races. Will the security systems the company put in… Read more »