Cyber Insurance Basics: What Every Business Needs to Know

Cyberattacks rarely come with a warning, and when they hit, the damage can be fast and costly. From datarecovery to managing the fallout, a single breach can derail your operations for days or weeks. That’s where cyber insurance can step in to reduce the financial impact of an attack. However, not all policies offer the …

IT and Cyber Insurance: Why You Can’t Afford to Ignore Either

Cyberthreats are evolving fast, especially with the rise of AI-powered attacks. That’s why a solid IT strategy isyour first line of defense, while cyber insurance acts as your financial safety net when threats break through. In this blog, we’ll explore why combining a strong IT strategy with comprehensive cyber insurance isn’t justsmart—it’s essential for protecting …

Cyber Security: A Wake-Up Call from Syracuse ASC’s HIPAA Violation

In today’s digital age, cybersecurity isn’t just an IT issue; it’s a critical component ofbusiness operations, especially in sectors handling sensitive information. The recentResolution Agreement between the Department of Health and Human Services (HHS)and Syracuse ASC, L.L.C., a specialty surgery center in Central New York, serves as astark reminder of the potential consequences of neglecting …

The Role of IT Service Providers in Mitigating IT Risks

In today’s fast-moving business landscape, change is constant and often unpredictable. Markets can bedisruptive, volatile and even devastating. As a business leader, one of your most pressing concerns should be:Can your IT strategy withstand the pressure when things get tough? Are you keeping pace with emergingtechnologies? And is your infrastructure equipped to handle the ever-evolving …

Key Steps for Successful Business Continuity Planning

Imagine being the owner of the most popular coffee joint on the corner. Your loyal customers line upoutside each morning, eager to grab their caffeine fix. But, one day, as your staff hustles to keep upwith the orders, a sudden storm knocks out the power, leaving the cafe in the dark. Or worse, acyberattack targets …

How to Beef Up Your Incident Response Plan

Are you prepared to face a cybersecurity breach, a natural disaster or a system failure? Such disruptive events can strike at any moment, causing chaos and confusion. But don’t worry. With an effective incident response plan in place, you can handle any incident with confidence. This blog is intended to help you enhance your plan …

Key Considerations When Selecting the Right Cyber Insurance Coverage

Is your business prepared to confront today’s growing cybersecurity threats? Although adopting the latest technologies and industry trends is undoubtedly crucial, it is equally important to ensure that your business has the best cyber liability insurance. Think of it as an invisible shield protecting your business from devastating losses. However, to harness its full potential …

Ransomware Attack on Refuah Health Compromised the Data of 250,000 New Yorkers

New York Attorney General Letitia James has reached an agreement with Refuah Health Center, Inc. to address the health care provider’s failure to protect patient data. Refuah experienced a ransomware attack that compromised the personal and private information of around 250,000 New Yorkers. The investigation found that Refuah lacked appropriate controls, such as encryption and …

FTC Proposes Strengthening Children’s Privacy Rule to Further Limit Companies’ Ability to Monetize Children’s Data

The Federal Trade Commission (FTC) has proposed changes to the Children’s Online Privacy Protection Rule (COPPA Rule) to strengthen children’s privacy and limit companies’ ability to monetize children’s data. The proposed changes include prohibiting the collection of more personal information than necessary for a child to participate in an activity, clarifying the meaning of “activity,” …

Rite Aid Banned from Using AI Facial Recognition After FTC Says Retailer Deployed Technology without Reasonable Safeguard

Rite Aid has been banned by the Federal Trade Commission (FTC) from using facial recognition technology for surveillance purposes for five years. The retailer failed to implement proper procedures, resulting in false tagging of consumers as shoplifters. The FTC’s order aims to protect consumer rights and prevent further misuse of the technology. Rite Aid will …