Iran Conflict Drives Cyberattacks, Highlighting Security Preparedness
Since the Iran war began, cyberattacks have continued to spike, leaving both businesses and infrastructure at risk.
Since the Iran war began, cyberattacks have continued to spike, leaving both businesses and infrastructure at risk.
As businesses rely more heavily on outside platforms for day-to-day operations, agents play a critical role in helping clients understand where they are most vulnerable and how their insurance coverage should respond.
Coverage responds to a deepfake event, providing technical analysis by a deepfake forensics firm, legal work to have the deepfake taken down from online platforms and crisis communications support from a public relations firm.
Cyber threats are no longer designed solely to cause immediate business disruption. Instead, it’s about the long-tail aftershocks that follow.
If cybercriminals gain access to cyber coverage details, it can shift the balance of power in their favor, making ransom demands more calculated, negotiations more difficult and outcomes more costly.
The policy includes both first- and third-party coverage to help respond to cyber events, such as data breaches, ransomware attacks, cybercrime, compromised business email accounts and more.
Strong security measures and client awareness are critical to maintaining trust and safeguarding assets.
Lawsuits over how businesses collect and use data have surged, driven largely by aggressive plaintiff’s attorneys leveraging decades-old privacy laws in modern contexts.
As threat actors continually become more proficient in their ability to access company’s systems, there are steps all businesses can take to improve their security.
Although the NYDFS Cyber Regulations may not apply directly to your business, independent insurance agencies operating in other jurisdictions could still see impacts.