Cyber Security

While cyberattacks caused by sophisticated cybercriminals and the advent of artificial intelligence (AI) make headline news, human error continues to drive most cyber events. According to Harvard Business Review (HBR), more than 80% of cyber incidents are attributed to end-user error. The worldwide cost of cybercrime was estimated at $10 trillion in 2023 and is expected to more than double in the next four years. In addition, in a 2022 study by Stanford University, 90% of ransomware attacks originated through phishing emails to employees, according to an article by Maria Long, Vice President, Cyber Underwriter & Risk Management Portfolio Leader […]

Written by Amanda Barlow and featured in FORWARD Magazine Cyber risk is one of the most challenging systemic risks for small to medium sized enterprises, including the freight-forwarding sector. How ready companies are to recover from a cyberattack depends on their cyber resiliency and response services. Amanda Barlow, regional vice president at Roanoke, defines the cyber landscape for air forwarders and provides tips for getting your company “cyber-resiliency ready”. Read the entire article on page 28 in FORWARD Magazine: https://emflipbooks.com/flipbooks/AfA/FORWARD/Fall2022/  Contact us to learn more about our cyber insurance solutions.

Arguably no phrase has dominated the tech world the last 24 months more than the term “data breach.” From breaches that have impacted critical infrastructure like the Colonial Pipeline to ransomware attacks on CMA and CGM, the last two years have been saturated by headlines of cybersecurity mishaps. Yet, despite the prevalence of the breach-centric news cycle, many people may not know what exactly data breaches are, how they typically start, and why they occur. According to IBM, the average time it takes to identify that a breach has occurred is 287 days, with the average time to contain a […]

As featured in Forward Magazine At the AirCargo 2022 conference, a question was posed to the audience: Who has cyber insurance? Only 20% of the audience raised their hands! This is concerning because cyber-related crime is at an all-time high and still growing fast. The current data around cybercrime is alarming. By April of 2021, cyberattacks against the supply chain had risen an estimated 42% in the U.S. according to research by the Identity Theft Resource Center (ITRC). If you’re in the logistics industry, you’ll want to read this article, featured recently in Forward Magazine: “How Vulnerable is Your Company […]

Glenn Patton, Managing Director – Canada and Patrice Lafayette, Vice President at Roanoke  along with Pat Fosberry, Director of Export Compliance at John S. James Co. and Cameron Roberts, Partner at Roberts &  Kehagiaras LLP participated recently in a risk management panel at the NCBFAA Annual Conference. The session was aptly titled “One Thing After Another” and focused on, international shipping concerns, cyber-attacks, bond insufficiencies, CBP deadlines  and suggestions for mitigating your risk as a logistics service provider. Below is a recording of the discussion. There are a multitude of strategies, tools and insurance products that can help you protect […]

When ransomware strikes, business stops. You may be in the middle of writing an email or arranging a shipment or paying a bill when your familiar screen disappears and is replaced by an ultimatum: pay up or lose your data forever. A typical ransomware screen might inform you that your system’s data has been encrypted and to get the key to unlock it, you need to pay a ransom – usually in the form of bitcoin. Ransomware notices will also include a timeframe to pay, maybe in the form of a clock counting down to the second that your payment […]